The largest and oldest market cap canine-themed crypto has been closely associated with Trump lately after Elon Musk, who has been increasingly involved with the Republican candidate’s campaign, proposed the “Department of Government Efficiency,” abbreviated to D.O.G.E., focused on reining in U.S. government spending. Original
Grayscale’s mini BTC fund launched much later than its counterparts, after the asset manager’s flagship bitcoin trust (GBTC), bled large amounts of assets largely due to its relatively high fee of 1.5%. Despite its late start, the newer product has quickly become one of the more successful bitcoin funds, currently standing in sixth place by assets under management with roughly $2.3 billion worth of bitcoin, according to Bloomberg data. Original
The set-up comes with unique infrastructural challenges. For example, the firm needs to make sure not to generate too much heat and make people in the building uncomfortable, Halliburton said, which is why the miner, quite paradoxically, had to also install a dry cooler on top of the building to help regulate the temperature. Source
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 28, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
The investment bank initiated coverage of the bitcoin miner with a buy rating and a $19 price target. Source
“This conviction is reinforced by the diminishing effects of MicroStrategy’s recent stock split,” analyst Mads Eberhardt wrote, adding that the launch of options on spot bitcoin exchange-traded funds (ETFs) in the U.S will also lessen the motivation for investors to hold the stock over these ETFs. Source
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From the increasing probability of pro-crypto Republican candidate Donald Trump winning the upcoming U.S. presidential election to expectations for Fed rate cuts, bitcoin (BTC) bulls have several things to cheer about. However, the widely-tracked copper-to-gold ratio, continues to slide, flashing a red signal for risk assets, including cryptocurrencies. Original
Rich Dad Poor Dad author Robert Kiyosaki predicts a bitcoin “blast-off,” urging investors to buy BTC and seize this prime entry point. Bitcoin Set for Blast-off — It’s Time to Buy, Says Kiyosaki Robert Kiyosaki, author of Rich Dad Poor Dad, has once again voiced strong opinions on financial markets, predicting both dramatic downturns and […] Original
Earlier in the session, crypto prices had been on the rise, with bitcoin (BTC) nearing the $69,000 level and perhaps readying for a late-day or weekend challenge of topping $70,000 for the first time in three months. In the minutes following the news on Tether, bitcoin had tumbled to as low $66,500, down nearly 2% over the past 24 hours, before modestly bouncing back to $66,800. The broader market gauge CoinDesk 20 Index was lower by 2.3% over the same time frame. Source