In the past week, nearly $1.3 billion has exited the BTC ETFs. In the week following the significant Binance hack, which aligned with the US midterm elections, the spot Bitcoin ETFs experienced their most substantial net outflows since late June. Meanwhile, their Ethereum counterparts continue to experience declines, as their negative weekly streak has now … Read more
U.S. employers added 165,000 jobs in October, significantly exceeding the 59,000 anticipated by analysts, according to the Labour Department’s report on Friday. Meanwhile, the price of bitcoin briefly surpassed $76,100 before stabilising around $75,500, as indicated by data. The unemployment rate decreased to 4.1% from 4.2%, surpassing expectations that anticipated it would remain unchanged. Average … Read more
Core Scientific will finalise its departure from bitcoin mining by the end of the year and will enter 2027 as a dedicated high-density colocation provider, management stated during Thursday’s third-quarter earnings call, marking a transition that has already reduced the company’s mining fleet by nearly 50 percent. Chief Financial Officer Jim Nygaard told investors the … Read more
On Wednesday afternoon, Bitcoin’s price hovered around $80,000, reflecting an increase of approximately 3% for the day. This figure remains about $26,000 lower than its value from a year prior, as market participants appeared to have dismissed the election-night anxieties stemming from the Democratic sweep of Congress, as reported by data. Bitcoin changed hands at … Read more
On Tuesday morning, as polls for the U.S. midterm elections commenced, Bitcoin’s price hovered around $77,500, reflecting a decline of approximately 0.6% for the day and standing about $30,000 lower than its value from a year prior, as reported by data. The vote determines the control of Congress and, consequently, the future of the CLARITY … Read more
Strategy acquired an additional 811 bitcoin last week. The firm led by Saylor allocated approximately $65.5 million, acquiring coins at an average price of $80,846 each, during the period from October 26 to November 1, as detailed in its 8-K filing on Monday. Total holdings now stand at 849,327 BTC, acquired for approximately $64.1 billion … Read more
Bitcoin rose approximately 1% to around $78,600 during the early hours of Monday in Asia, marking its third consecutive day of gains, as investors in the region resumed risk-taking following Friday’s decline in U.S. technology stocks. ZEC led the majors, climbing 3% to nearly $1,280. Ether and BNB each experienced an increase of nearly 2%, … Read more
Bitcoin’s decline has intensified, now approaching the $77K region, following the loss of the $80K support area by buyers. The price is currently evaluating a significant daily demand zone, with on-chain data indicating that it is nearing the average cost basis of recent holders. On the daily timeframe, Bitcoin has decisively breached the midpoint of … Read more
Bitcoin price found stability above $77,000 after a marketwide sell-off that was instigated by Thursday’s $6.3 billion hack of Binance, which momentarily pushed the cryptocurrency down to approximately $76,000, marking its lowest point since August 21. The downturn occurred soon after bitcoin neared $82,000 earlier Thursday, propelled by robust U.S. gross domestic product data. According … Read more
Bitcoin was exchanged within the $76,300 range on Thursday, coinciding with Binance’s confirmation of a security breach, which the exchange estimates to have a total impact of $6.3 billion. The figure would categorise the incident as one of the most significant cryptocurrency thefts documented to date. Earlier in the session, bitcoin achieved a 24-hour peak … Read more
