Bitcoin miners may gain $13.9B yearly from 20% shift to AI and HPC: VanEck – Cointelegraph
Bitcoin miners could generate around $13.9 billion in additional revenue per year by 2027, if they partly transition to powering the artificial intelligence and high-performance computing (HPC) sectors, according to investment firm VanEck. “AI companies need energy, and bitcoin miners have it,” Van Eck said on Aug. 16. ReportThe company believes that for bitcoin miners, […]
If Bitcoin is decoupling from NASDAQ, what does that mean for you? – AMBCrypto News
Bitcoin Deviates from Previously Observed Correlation with the Stock Market Is this separation a good thing for BTC going forward? Bitcoin has maintained a fairly good correlation with the stock market for quite some time now, but what happens when this correlation breaks down and how does that impact BTC price movements? The influx of […]
Bitcoin Spot ETFs gain investor interest despite August outflows – Cointelegraph
Bitcoin exchange-traded funds (ETFs) continue to attract investor interest despite experiencing heavy weekly outflows in early August. Data from SoSoValue, August 16 Revealed The weekly net inflows into the Spot Bitcoin ETF reached $32.58 million, in stark contrast to the outflows from the previous week. On August 2, the Spot Bitcoin ETF saw a net […]
MicroStrategy’s Bitcoin ETF crosses $22M volume on launch: Impact on BTC? – AMBCrypto News
MicroStrategy predicts $22 million in trading volume on launch day as Bitcoin’s historical patterns repeat themselves. Despite worried market sentiment, Bitcoin ETF net inflows turned positive again after a day of outflows. Major player MicroStrategy Bitcoin [BTC] Player saw $22 million in trading volume on the ETF’s first day, likely setting a record for a […]
Marathon Digital buys $249M Bitcoin, reserves reach 25K BTC – Cointelegraph
Bitcoin miner Marathon Digital has bought an additional $249 million worth of Bitcoin after raising $300 million in a senior debt offering. On August 14, the miners said The company used a portion of the bond sale proceeds to purchase approximately 4,144 Bitcoin (BTC) at an average price of approximately $59,500, bringing its “strategic Bitcoin […]
US Bitcoin ETFs ‘on track’ to top Satoshi’s BTC stack soon – Cointelegraph
The total amount of Bitcoin held by U.S. physical Bitcoin exchange-traded funds (ETFs) may soon surpass the holdings of Satoshi Nakamoto, the cryptocurrency’s anonymous creator. Bloomberg ETF analyst Eric Balchunas posted a chart to X on Aug. 13 noting that the ETF currently holds a total of 909,700 Bitcoin (BTC), which at a current price […]
El Salvador Announces $1.6 Billion Investment That Will Kickstart ‘Bitcoin City’ – Decrypt
El Salvador is receiving a major infrastructure investment that is expected to help build the country’s future-oriented “Bitcoin City.” The government said Sunday that Turkish holding company Ilport will invest $1.62 billion in two seaports in El Salvador, the largest private investment in the country’s history. “This is a joint venture with Ilport Co., Ltd. […]
Bitcoin Price Slump Tied to Rise of Kamala Harris Over Trump, Says Bernstein – Decrypt
Rising expectations surrounding Kamala Harris’ presidential campaign could be contributing to Bitcoin’s recent price decline, Bernstein analysts wrote in a report published on Monday. Since President Joe Biden dropped out of the Democratic race in favor of his vice president, Harris’ odds of winning the election have soared in recent polls and cryptocurrency prediction market […]
Bitcoin metric calls 'local bottom' as traders eye sub-$60K BTC price – TradingView
Bitcoin BTCUSD With major BTC price indicators seeing room for growth, it suggests a third “local bottom” could occur in 2024. The latest research published by on-chain analytics platform CryptoQuant on August 8th shows bullish indications from the network value-to-transaction golden cross (NVT-GC) tool. BTC price is “overly depressed” Bitcoin is at risk of collapsing […]
Morgan Stanley’s ETF move a ‘giant step’ for bitcoin adoption – Blockworks
Enjoy Blockworks.co’s On the Margin newsletter today, and get the news delivered straight to your inbox tomorrow. Subscribe to the On the Margin Newsletter. Welcome to the On the Margin newsletter, brought to you by Ben Strack and Casey Wagner. Here’s what’s in today’s edition: What it means for Morgan Stanley to allow advisors to […]