Amid the global market uncertainty, Bitcoin has given subpar returns during the last quarter and so, while Gold has seen a steady ascent.
SBI admits that this collaboration presents an opportunity for it to forge ahead with its corporate Bitcoin savings strategy.
Blockstream CEO Adam Back also acknowledged the surge in whale activity. He pointed out that it happened when Bitcoin price dipped from over $62,000 to around $58,000.
The US spot Bitcoin ETF issuers have registered four consecutive days of notable cash outflow leading to a bearish outlook for the entire altcoin industry.
The decreasing supply of Bitcoin on exchanges comes as analysts forecast a potential rally in the fourth quarter of 2024.
The expiring options could lead to increased market activity and heightened volatility due to the large volume of contracts.
IREN aims to achieve a hashrate of 20 EH/s by September 2024 and 30 EH/s by year-end, driven by the acquisition of advanced Bitmain S21 XP miners.
Although the long-term prospects for Bitcoin seem bright, its positive correlation with the altcoin industry suggests a rising confidence in the altcoin sector.
With the election outcome becoming less predictable, investors are increasingly looking beyond the political realm to other factors that impact Bitcoin price.
Vortex Brands plans to buy 10 MicroStrategy (MSTR) shares monthly, reporting quarterly to capitalize on MicroStrategy’s Bitcoin investment strategy.
Bitcoin traders who anticipated further bullish trends based on last week’s dovish comments from the US Federal Reserve were liquidated earlier today.
Despite the heightened selling pressure from short-term Bitcoin holders, Jamie Coutts anticipates BTC price to flip at least $100K by the end of the year.
While the exact fees are confidential, both companies have promised more competitive rates than the usual 2% management and 20% performance fees in traditional hedge funds.
As a result of the evolving political landscape, US-based miners are seeking alternatives to Bitmain.
Bitcoin has made a comeback, especially after falling below $50,000 in the first week of August.