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July FOMC decision and its impact on Bitcoin and crypto prices
The Federal Open Market Committee will deliver its July interest rate decision on Wednesday, a move that could impact Bitcoin and other crypto prices.Most cryptocurrencies traded in a tight range ahead of the Federal Open Market Committee decision. Bitcoin (BTC) was...
Grayscale debuts Bitcoin Mini Trust as spot BTC ETP on NYSE Arca
Grayscale Investments has launched its Bitcoin Mini Trust as a spot Bitcoin exchange-traded product on NYSE Arca, beginning trading today.Crypto management giant Grayscale announced in a July 31 press release that its Grayscale Bitcoin Mini Trust is now available for...
Bitcoin ETFs hold inflows by string, Ethereum’s outflows start again
Spot Bitcoin and Ethereum exchange-traded funds in the United States have recorded poor results this week as bears dominate the market sentiment.According to data provided by Farside Investors, spot Bitcoin (BTC) ETFs recorded a net inflow of roughly $300,000...
Donald Trump starts selling ‘Bitcoin Orange’ sneakers
Trump recently announced the release of limited edition, Bitcoin-themed sneakers after his pro-crypto speech at Bitcoin 2024.Make shoes great again? Republican presidential candidate Donald Trump is riding his crypto momentum from Bitcoin 2024 and posted about his new...
Trump’s Bitcoin speech sparks $2.6m Polymarket dispute
Some Polymarket betters challenged the platform’s resolution of $2.6 million worth of wagers on Trump’s Bitcoin reserve pledge in Nashville.Last weekend, former U.S. President and Republican candidate Donald Trump informed 20,000 Bitcoin (BTC) 2024 attendees of plans...
Revealed: What causes Bitcoin’s selling pressure
Bitcoin ETFs and exchanges now have up to eight times more of an impact than miners, according to a new report.Sell-side pressure from miners is diminishing with each and every halving, a new analysis from Glassnode says.Meanwhile, centralized exchanges and ETF...
Analyst: Riot acquisition price of Block Mining is ‘justified,’ improves its hash rate
Analysts from H.C. Wainwright claim that Riot’s acquisition of Block Mining is a great move for the company and its hash rate.Riot Platforms, Inc. has significantly enhanced its growth and operational capacity by acquiring Kentucky-based Block Mining, Inc. for $92.5...
Bitstamp to distribute Mt. Gox Bitcoin by July 25
Following Kraken’s Mt. Gox distribution, Bitstamp has announced readiness to reimburse creditors of the defunct Bitcoin exchange. Crypto exchange Bitstamp confirmed receiving Bitcoin (BTC), Bitcoin Cash (BCH), and Ethereum (ETH) from the Mt. Gox Truste intended to...
ASIC market undergoes ‘significant repricing,’ analysts say
Following Bitcoin’s April halving, which cut miners’ rewards, many mining models saw “significant drawdowns” in pricing, according to Hashrate Index.The ASIC market is undergoing significant changes as mining rigs are trying to adapt to a post-halving environment,...