Bitcoin is currently in a holding pattern after a significant price drop, observing easing market conditions with potential support from the Federal Reserve. Speculation arises around future interest rates and quantitative easing, with predictions of Bitcoin reaching $250,000 amid a $9 trillion debt maturity expected this year. Traders await key policy announcements from the Fed’s … Read more
Bitcoin has surpassed $100,000, bolstered by political changes in the US, institutional investments, and growing acceptance globally. Indian investors view this as an opportunity, amid caution regarding market volatility and regulations. Experts predict continued growth for Bitcoin, influenced by historical events and current global trends. Bitcoin has crossed the monumental $100,000 threshold for the first … Read more
Bitfarms Ltd has closed its acquisition of Stronghold Digital Mining, enhancing its energy capacity to 623 megawatts and opening avenues for artificial intelligence integration alongside Bitcoin operations. This strategic move increases Bitfarms’ North American footprint, positioning it as a leader in the Pennsylvania-New Jersey-Maryland market. The merger facilitates future growth in high-performance computing, aligning with … Read more
Marathon Digital Holdings released an operational update for May 2024 announcing a 22% increase in average operational hash rate to 25.7 EH/s and bitcoin production of 616 BTC. The company holds 17,857 BTC and has $1.5 billion in total cash and bitcoin. CEO Fred Thiel noted a 32% increase in blocks won and a new … Read more
Marathon Digital Holdings reported increased BTC holdings of 17,381 BTC and total cash and Bitcoin of $1.6 billion as of March 31, 2024. The average operational hash rate rose by 4% to 18.3 EH/s with a 7% increase in Bitcoin production. Operational challenges were noted, yet the company is actively optimizing performance and expanding its … Read more
The White House Crypto Summit featured President Trump discussing plans to reform cryptocurrency regulations, including the end to “Operation Choke Point 2.0,” which restricts banks’ ability to offer crypto custody. The OCC confirmed banks can now manage crypto assets, while the government will hold tight to its Bitcoin reserves and explore acquiring more digital currencies. … Read more
El Salvador’s Congress has amended its bitcoin law, making acceptance voluntary for businesses, following guidance from the IMF linked to a $1.4 billion loan. This change, proposed by President Nayib Bukele, resulted in rapid legislative approval to ensure a manageable implementation of bitcoin as legal tender, while continuing to bolster the government’s cryptocurrency reserves. In … Read more
Solana (SOL) exhibits notable price momentum as President Trump’s crypto summit approaches. Recent mentions of SOL in discussions about the U.S. Strategic Crypto Reserve have fueled investor interest, with SOL trading at $147.92 and experiencing considerable volatility. Market data shows a 6.27% rise in open interest, signaling increased speculation. As the clock ticks down to … Read more
Bitcoin surged to $96,000, boosted by expected favorable crypto policies from incoming President Trump. A positive ruling for Coinbase also contributed to market optimism, despite some skepticism. Analysts predict significant gains for Bitcoin, with a potential price target of $102,000 next month. Bitcoin’s price has surged to $96,000, reflecting a 4% increase driven by a … Read more
President Trump has signed an executive order to create a strategic bitcoin reserve, equating cryptocurrency with vital resources like oil and gold. This reserve will utilize existing seized bitcoin, alleviating taxpayer concerns. The move signals a substantial shift in the government’s approach to cryptocurrency, despite ongoing skepticism about its necessity and implications for policy. In … Read more