Tag: 112K

MARA Bitcoin mining hits record high of $752M, as Bitcoin rises to $112k

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MARA Holdings, formerly Marathon Digital Holdings, has reached a new all-time high in Bitcoin mining revenue, fueled by Bitcoin’s recent surge to a record price. The company’s annualized mining revenue exceeded $752 million on May 27, according to data from CryptoQuant, making it the most profitable day in the company’s history. Marathon is currently the world’s largest publicly traded Bitcoin (BTC) mining firm by market capitalization. “Quarterly reports are slow. Onchain shows revenue in real time,” CryptoQuant founder and CEO Ki Young Ju wrote in a May 27 X post…

Bitcoin Open Interest Hits All-Time High As Price Nears $112K

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

Bitcoin Taps $112K, Standard Chartered Says $120K in Sight

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The cryptocurrency has entered uncharted territory, but a Standard Chartered Bank digital assets researcher says this is exactly what he predicted. BTC Breaches $112K; Is $120K the Next Stop? Bitcoin surged to an all-time peak of $112K on Bitstamp this afternoon and has been hovering around $111.7K as it gradually advances to the $120K target […] Original

BTC price eyes $112K as risk assets ‘ignore bad news’ on unemployment

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Key points: Mixed results for US jobless claims fail to dent risk-asset enthusiasm. Despite concerns over the bond market, Bitcoin and stocks enjoy stability at the start of the Wall Street trading session. BTC price expectations remain lofty amid low volatility and a curious lack of profit-taking. Bitcoin (BTC) focused on $111,000 around the May 22 Wall Street open as record highs met mixed US unemployment data. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Bitcoin, stocks brush off jobs uncertainty Data from Cointelegraph Markets Pro and TradingView showed BTC price volatility cooling…

Bitcoin ETFs flows could bring BTC to $112k price, CryptoQuant suggests

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The price of Bitcoin (BTC) could reach $112,000 as early as 2024, according to CryptoQuant. CryptoQuant CEO Ki Young Ju believes the current trend of inflows related to spot exchange-traded funds (ETFs) will continue. He said the “worst case scenario” for Bitcoin would be at least $55,000, or almost 15% higher than prices on Monday, Feb. 12. The targets were set based on the impact of inflows on Bitcoin’s market capitalization and a metric ratio that historically indicated whether prices were “overvalued” or “undervalued.” At the same time, the BTC…