Tag: 72K

Bitcoin BTC Reclaims $72K; Meme Coins Rally

U.S. crypto-related stocks looked set to start the week on a positive note after bitcoin (BTC) climbed through $72,000 for the first time since mid-March as its reward halving draws closer. Coinbase (COIN), the only U.S. traded crypto exchange, gained 4.9% in pre-market trading, MicroStrategy (MSTR), the largest corporate holder of bitcoin, rose 10% and BlackRock’s bitcoin exchange-traded fund (IBIT), added around 6.5%. Bitcoin advanced 4.4% over 24 hours while the CoinDesk 20 Index, a measure of the broader crypto market, rose 4.1%. Other tokens rising on Monday included meme…

Alameda Research liquidators lost $72K during fund consolidation attempt

The liquidators of Alameda Research continue to encounter obstacles in their efforts to recover funds for creditors. Crypto analytics firm Arkham disclosed on Twitter that the liquidators lost $72,000 worth of digital assets on the decentralized finance (DeFi) lending platform Aave while trying to consolidate funds into a single multisignature wallet. The liquidators were attempting to close a borrow position on Aave but instead removed extra collateral used for the position, putting the assets at risk of liquidation. Arkham reported that over nine days, the loan was liquidated twice for a…

Bitcoin Miners Continue Selling to Cover Expenses as Core Scientific Sold 7.2k BTC in June for $167M

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Summary: Bitcoin miners are continually selling their BTC to cover operational expenses. Bitcoin mining company, Core Scientific, has announced that it sold 7,202 BTC in June for $167 million. The Core Scientific team further explained the revenue was used for payments for ASIC servers, capital investments in additional data center capacity, and scheduled repayment of debt. The earlier identified trend by JP Morgan of Bitcoin miners selling their BTC to cover expenses continues as Core Scientific has announced that it sold 7,202 Bitcoins in June. According to the official announcement…

Gryphon Digital Mining to Buy 7.2K S19J Pro Antminers From Bitmain for $48M

Bitcoin mining company Gryphon Digital Mining has signed an agreement to purchase 7,200 Antminer S19J Pro mining machines from Bitmain Technologies for $48 million. Gryphon Mining said Bitmain is scheduled to deliver 600 miners monthly with the first delivery starting next month. The S19J Pro Antminer has a maximum hashrate of 100 TH/s combined, with an energy efficiency ratio of 29.5 J/TH, and an expected life cycle of over five years. Most recently, Gryphon Mining entered into a merger agreement with Nasdaq-listed Sphere 3D (NASDAQ: ANY), a data management company.…

Bitcoin ‘Potential Breakout’ at $7.2K but Watch VIX Volatility

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Bitcoin (BTC) is flipping its 50-day moving average (MA) to support and eyeing $7,200 for a “potential breakout,” a new report has concluded. Published on April 22, Delphi Digital’s latest market report concluded that signs were turning more bullish for BTC/USD.  Dollar “refuses to collapse” Having regained $7,000 on Wednesday, the pair managed to broadly preserve its position above the 50MA, which had previously acted as resistance. Bitcoin 1-day price chart. Source: Coin360 “After a few weeks of consolidation, bitcoin appears to be eyeing a potential breakout around $7,200 and…