Cryptocurrency

Crypto companies are suddenly at the center of deal-making. The catalyst is artificial intelligence. Bitcoin mining companies have expansive data centers, with access to fiber lines and large amounts of power across the U.S. They’re exactly the types of facilities needed for compute-intensive AI operations, which means their sites and technology are in high demand. […]

One motivation for Block’s investment in bitcoin is to learn about the technology and how to use it. The company invests 10% of its gross profit from bitcoin products each month into buying more bitcoin; allocates less than 3% of its resources to bitcoin-linked projects; and holds bitcoin on its own balance sheet, Bloomberg reported […]

The crypto miner CleanSpark has entered an agreement to purchase GRIID Infrastructure, a Bitcoin mining firm. CleanSpark will purchase all of GRIID’s issued and outstanding stock in the deal for a total value of $155 million, according to a release from CleanSpark. The deal also means an “exclusive hosting agreement for all currently available power” […]

Bitcoin’s price has experienced mounting sell-side pressure, causing it to shed more than 5.5% over the last seven days and setting a six-week low at $58,400 on June 25. During this sell-off, BTC dropped below its short-term cost basis, risking a deeper correction, according to market intelligence firm Glassnode. “Since mid-June, the spot price has plunged […]

A total of $9.25 billion in Bitcoin options is set to expire on the morning of June 28. June’s monthly expiry is especially important given that it marks the end of the first half of 2024 and historically is the second largest expiry in every market, including the traditional finance industry. Investors are especially concerned […]

Bitcoin (BTC) fell back towards $60,000 on Wednesday, after a wallet tagged to the U.S. Government moved about $240 million worth of seized BTC to a Coinbase Prime address, igniting concerns among traders that the digital assets will likely to be sold. Some 3,940 bitcoin originally seized from a Silk Road vendor was moved by the the […]

Bitcoin price hit a six-week low on June 24 before buyers stepped in to send the price back above $62,000 less than 24 hours later. BTC/USD daily chart. Source: TradingView Analyzing the current market structure, popular trader Jelle acknowledged that some buyer interest was returning at the lows, as the $60,000 zone acted as support. “If […]

Cryptocurrencies rose broadly, a day after bitcoin slumped to under $60,000 for the first time since early May, leading to a broad sell-off in crypto assets. Bitcoin advanced more than 3% on Tuesday to $62,103.90, according to Coin Metrics. The move coincided with a rebound in Nvidia and the Nasdaq Composite, both of which in the previous session suffered their […]

A “German Government (BKA)” labeled cryptocurrency wallet has sold over $54 million worth of Bitcoin. The German government’s wallet sold 900 Bitcoin in three individual transactions on June 25. The first 200 BTC transaction was sent to the Coinbase exchange, while the second 200 BTC transfer was sent to the Kraken exchange. However, a third […]

The market is all red once again. Over the past week, Bitcoin has shed nearly $5,000 from its value, plummeting from a comfortable perch above $66,000 to hover around the $61,000 mark (at the time of writing). This sudden plunge has left investors and analysts confused. This sharp decline coincided with a significant shift in market sentiment. […]