On Tuesday, while bitcoin dipped more than 2% against the U.S. dollar, shares of the business intelligence firm Microstrategy soared over 6% from the day before. The company’s stock has outpaced bitcoin’s performance this year, climbing over 185% since January compared to bitcoin’s 47% increase. Microstrategy’s Stock Climbs 185% Year-to-Date, Other Firms Test the Holding…
MARA, one of the largest bitcoin miners traded on the public market, acquired 192 BTC in September, while also holding onto all the bitcoin it mined during the month. MARA Strengthens Mining Operations, Grows Bitcoin Reserves to 26,842 This week, the publicly listed bitcoin (BTC) mining company MARA (Nasdaq: MARA) highlighted several operational improvements for…
October 3, 2024 at 02:20 PM GST updated: October 3, 2024 at 10:27 AM 2 mins read News Rep. Ro Khanna advocates for the U.S. to retain seized Bitcoin as a strategic reserve asset to enhance financial leadership. Khanna highlights Bitcoin’s advantages over gold, citing lower storage costs and resistance to foreign inflation. Khanna co-sponsored…
Este artĂculo tambiĂ©n está disponible en español. Recent changes in the behavior of Bitcoin on the market suggest the coin could be preparing for its next significant bull run. One important consideration is the fall in Bitcoin reserves on exchanges. Less of Bitcoin is accessible for trading as owners migrate it to cold storage. Historically,…
September 12, 2024 at 02:00 AM GST updated: September 12, 2024 at 01:33 AM 2 mins read News Bitcoin exchange reserves drop as stablecoin balances rise, signaling potential buying power buildup for a bullish market move. 30-day data shows Bitcoin withdrawals exceeding deposits, hinting at reduced selling pressure and possible price surge. Growing institutional interest…