Day: November 6, 2024

Bitcoin Price (BTC) Hits New Record as CoinDesk 20 Gains Following U.S. Election

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Bitcoin miner Hut 8 to increase hashrate with fleet upgrade

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Hut 8 has announced an upgrade to its ASIC fleet with the purchase of 31,145 Antminer S21+ units at $15 per terahash. North American cryptocurrency mining giant Hut 8 has unveiled plans to upgrade its ASIC fleet with the purchase of 31,145 Bitmain Antminer S21+ miners. In a Nov. 6 press release, the Miami-headquartered mining company stated that under the purchase agreement, it will acquire the miners at $15.00 per terahash, with delivery expected in early 2025. This upgrade is set to add 3.7 exahashes per second to Hut 8’s…

Analyst Says This Is What You Should Expect Next

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Este artículo también está disponible en español. The Bitcoin price hit a new all-time high (ATH) as it surged past $73,700 and rose to as high as $75,000 on November 6. Following this development, crypto analyst Tony Severino has revealed what to expect next from the flagship crypto.  Bitcoin Price Ready For “Fireworks” After New ATH In an X post, Tony Severino indicated that the Bitcoin price is ready to experience a parabolic rally, as he told market participants to expect fireworks above $75,000. The crypto analyst also revealed that…

BTC Hit All-Time High as Trump Closed In on Victory

Crypto equities climbed by more than 10% in pre-market trading. MicroStrategy added 12%, approaching $255, just a few percentage points away from a record that would be almost 280% higher year-to-date. Coinbase is also 12% higher, approaching $220 a share. Bitcoin miners Riot, Marathon and IREN all gained more than 10%. Other notable mentions include Metaplanet which rose 24% and is now up over 1,100% year-to date. This comes after Semler Scientific saw a 30% increase in its share price yesterday, taking the shares to $39. André Dragosch, head of…

Crypto Friendly Securities and Exchange Commission (SEC) and Senate Banking Committee Expected Under Trump: Bernstein

The U.S. election result should improve regulatory clarity for digital assets, with the Securities and Exchange Commission (SEC) and Senate Banking Committee becoming more crypto friendly following Donald Trump’s victory in the presidential race and the Republican party securing control of the Senate, broker Bernstein said in a research report Thursday. Source

Shiba Inu Gearing Up For Massive Bullish Wave After 8% Surge

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Este artículo también está disponible en español. Shiba Inu (SHIB), the second-largest memecoin by market capitalization, has seen an 8% daily surge following Bitcoin’s surge to $70,000. Amid the market volatility, the token is trying to recover a key resistance level, which could propel the price to a 110% rally. Related Reading Shiba Inu To See 110% Surge Soon Shiba Inu’s recent performance saw the cryptocurrency display red numbers in several timeframes. Following the market’s most recent pullback, SHIB retraced 13% to its lowest weekly mark of $0.00001632, registered on…

Hut 8’s Cryptocurrency Mining Upgrade Targets 66% Hashrate Growth by 2025

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Trump Declared 47th US President as AP Calls Election With 277 Electoral Votes

According to the Associated Press, Donald Trump has secured victory in the 2024 U.S. presidential election, garnering 277 electoral college votes compared to Kamala Harris’s 224. Trump’s Election Victory Confirmed by AP The Associated Press (AP) and multiple news outlets have declared Donald Trump the 47th president of the United States. Trump clinched victory with […] Source CryptoX Portal

MicroStrategy (MSTR), Coinbase (COIN) Among U.S. Crypto Stocks Gaining on Donald Trump Victory

MicroStrategy (MSTR), the largest corporate holder of bitcoin, added 12%, approaching $255 and is just a few percentage points away from a record high that would represent a 280% climb this year. Crypto exchange Coinbase also gained 12% as did crypto miner Riot Platforms (RIOT). Other miners also rallied, with Marathon Digital Holdings (MARA) rising 11% and IREN (IREN) 12%. Source