Bitcoin / 629 posts found
Bitcoin cost of production sinks to $13,000, says JPMorgan
Cryptocurrency The big picture: As the crypto crash continues to leave Bitcoin prices depressed compared to their position a year ago, knock-on effects are still playing out in various areas. One of those is the production cost, and miners’ efforts to control it may be a double-edged sword for the crypto market. JPMorgan Chase & Co. reports that the cost of mining Bitcoin has fallen to around $13,000 from $24,000 since early June. Bloomberg notes that the drop is likely an effect of the crypto winter, but it’s unclear whether this could help or hinder any recovery of the cryptocurrency’s […]
This Billionaire Says Inflation Will Last ‘For Years’ And Bitcoin May Become ‘Worthless’
Thomas Peterffy, founder and CEO of Interactive Brokers listens a question after addressing the World Federation of Exchanges (WFE) annual meeting in Paris on October 11, 2010. The WFE groups leading financial markets. AFP PHOTO ERIC PIERMONT / AFP PHOTO / Eric PIERMONT (Photo credit should read ERIC PIERMONT/AFP via Getty Images) AFP via Getty Images Brokerage pioneer Thomas Peterffy spoke with Forbes about his economic outlook, and when he expects the market to bottom out. On Wednesday, the U.S. reported consumer inflation of 9.1% for the year through June. That number, a four-decade high, rattled markets as stock indices […]
Bitcoin more likely to hit $10,000 than $30,000 in near-term, trading firm partner says
Bitcoin Bitcoin price more likely to hit $10k than $30k: trading firm partner | Fortune You need to enable JavaScript to view this site. Read More
Kraken Daily Market Report for July 13 2022
Overview Daily spot trading volume: $696.8 million, 30 day average spot: $637.1 million. Total futures notional: $202.4 million. The top five traded coins were, respectively, Tether (↑0.02%), Bitcoin (↑4.8%), Ethereum (↑7.5%), USD Coin (↑0.0%), Solana (↑7.0%). Strong returns from Lido DAO (↑48%), Curve (↑20%), and Convex Finance (↑20%). July 13, 2022 $696.8M traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD USDT $1.00 ↑0.02% $236.7M BTC $20233.60 ↑4.8% $193.0M ETH $1114.73 ↑7.5% $120.0M USDC $1.00 ↑0.0% $58.3M SOL $34.93 ↑7.0% $13.4M…
After Losing $20K, is $15,000 the Next Target for BTC Bears? (Bitcoin Price Analysis)
Cryptocurrency There are no signs of strength or rebound in Bitcoin’s price while the cryptocurrency has been experiencing choppy price action with low overall volatility (with certain exceptions). The price is slowly decreasing to retest the demand zone at $18K after a short-term rally towards the $21K mark. Additionally, this zone aligns with the 2017 peak and offers psychological support. Cryptocurrency Technical Analysis By Shayan The Daily Chart On the other hand, as mentioned in our previous analysis, an expansion move is always accompanied by short- to mid-term consolidation and correction patterns. As is evident in the following chart, the […]
SEC Delays Decision on ARK 21Shares Spot Bitcoin ETF
The Securities and Exchange Commission (SEC) has delayed making a decision on ARK 21Shares spot Bitcoin exchange-traded fund (ETF) application, adopting the same playbook they used before rejecting Grayscale last month. The SEC has extended the window for it to decide whether to approve the ARK 21Shares spot Bitcoin ETF application. The securities’ regulator pushed back the date for a decision by 45 days to August 30. According to a filing, the SEC through Matthew DeLesDernier, its assistant secretary, stated that postponing its decision was appropriate to “earn sufficient time to consider” the proposals before it. The application for spot […]