Tag: btc

BTC Is Little Changed Following Muted Asia Trading

The digital assets sector continues to outperform the stock market this year, with bitcoin leading the charge, broker Canaccord said. The broker noted that the world’s largest cryptocurrency finished the last quarter up around 140% year-on-year, outperforming ether which gained about 60% and the S&P 500 stock index, which rose almost 30%, over the same period. If bitcoin follows historical patterns it tends to rally 6-12 months following the halving, and reach new highs 2-6 months later, meaning a potential rally could start between now and April, the broker said.…

Bitcoin (BTC) Mining Profitability Fell for the Third Straight Month in September, JPMorgan (JPM) Says

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Metaplanet pushes Bitcoin holdings past 500 BTC with latest buy

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Japan’s Metaplanet, the budget hotel operator turned investment firm, has added $6.94 million worth of Bitcoin to its growing holdings. According to its Oct. 1 disclosure, Metaplanet has purchased an additional 107.913 Bitcoin (BTC) for a total investment of ¥1 billion ($6.94 million), marking one of its biggest single purchases. This brings the company’s Bitcoin holdings to 506.745, with the stash currently valued at $32.45 million. Metplanet has invested 4.75 billion yen since announcing its adoption of Bitcoin as a reserve asset, picking up BTC at an average price of…

Bitcoin Price (BTC) Could Rise Further Based on Low Retail Activity

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Speculative trading on-chain, either through inscriptions on bitcoin, or transactions interacting with non-fungible tokens (NFTs) on ether {ETH}}, is another retail participation indicator. In bull markets, we tend to see high fee levels as investors speculate on-chain, with the 2021 market top being a prime example. Currently, however, NFT gas usage on ether is only around 2% versus 2021 when the percentage of gas consumed was at 40%, according to Glassnode data. Original

US Spot Bitcoin ETFs Become Second-Largest Holder Of BTC Behind Satoshi

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Este artículo también está disponible en español. Since their approval in January 2024, Spot Bitcoin ETFs have been steadily gaining traction in the United States, with the issuers buying hundreds of thousands of BTC as their popularity spread. This has led to a large stash of BTC by these issuers as BlackRock leads the charge. Given their buying spree so far, the number of BTC being held by the Spot Bitcoin ETFs has been rising and is almost at the 1 million mark, Spot Bitcoin ETFs Now Hold 924,768 BTC…

Bitcoin Price (BTC) Dropped 2.9% While Ether Price (ETH) Declined 2.6%

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…