Bitcoin Volatility Surges Ahead of US Jobs Report
TL;DR Bitcoin Volatility: Bitcoin has experienced significant volatility ahead of the US jobs report for August, which is expected to influence the Federal Reserve’s interest...
bitcoin
Riot Platforms Surpasses 10,000 BTC in Reserves While Optimizing Production and Energy Costs
TL;DR Riot Platforms produced 322 Bitcoin in August 2024, down 13% from July. The company now holds more than 10,000 Bitcoin, an increase of 37%...
Morgan Stanley Boosts Bitcoin Exposure with Major Investments in BlackRock ETF and MicroStrategy
TL;DR Morgan Stanley allocated 2.1% of its Institutional Fund to BlackRock’s Bitcoin ETF, IBIT. The fund also holds a 4% stake in MicroStrategy, one of...
Bear Market Ahead? Uncertainty Among Investors
TL;DR Bitcoin (BTC) and Ethereum (ETH) are experiencing a significant drop, causing uncertainty and speculation about a possible “bear market.” Bearish market mentions are increasing,...
Bitcoin’s Market Dominance Soars to 60%: What It Means for Altcoins
TL;DR Bitcoin’s Market Dominance: Bitcoin’s market share has surged to nearly 60%, driven by increased interest from major financial institutions and its resilience post-2022 bear...
Spot Bitcoin ETFs Record Third Day of Net Outflows
TL;DR Bitcoin spot ETFs recorded a net outflow of $71.73 million on August 29. BlackRock’s IBIT experienced its first net outflow since May. Total trading...
Bitwise Bitcoin ETF to Acquire Osprey Bitcoin Trust
TL;DR Bitwise Bitcoin ETF (BITB) will acquire the assets of the Osprey Bitcoin Trust (OBTC). The transaction is designed to be tax-free for OBTC unitholders...
Fear Returns to the Crypto Market Following Bitcoin Crash
TL;DR The Cryptocurrency Fear and Greed Index has dropped to 30, signaling rising fear in the market. Bitcoin is currently trading at $59,234, with a...
Nasdaq Seeks Approval for Bitcoin Index Options
TL;DR Nasdaq has requested SEC approval to launch options based on a Bitcoin index. Index options would allow investors to hedge risks and extend their...
Rhodium Enterprises Files for Bankruptcy Amid Mounting Bitcoin Mining Pressures
TL;DR Rhodium Enterprises files for Chapter 11 bankruptcy with liabilities between $50 million and $100 million, affecting six subsidiaries. Financial pressures include $54 million in unpaid loans...