Market Analysis
Bitcoin Breaks $21,000 as US Dollar Dips 0.7%
Bitcoin rose above the $21,000 level as the U.S. dollar index fell 0.7% during Friday morning hours.
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Market Analysis
Microstrategy Gains 11% as Firm Plans to Sell Stock and Buy Bitcoin
Microstrategy aims to sell as much as $500 million in stock, with the proceeds probably used for the acquisition of more bitcoin.
Market Analysis
Argo Blockchain’s Mining Profit Drops 54% Amid Texas’s Surging Power Prices
Argo Blockchain's mining profitability dropped to 20% in August as a result of rampant energy prices and Bitcoin decline.
Crypto
Poolin Halts Withdrawals, Cites Liquidity Problems
The company says that its net worth is still positive and that the freeze is due to a recent increase in demands on withdrawals.
Market Analysis
Ethereum Funds Recorded $1M in Net Outflows Despite the Merge’s Hype
Ethereum saw minor outflows of $1 million last week as investors remain cautious before the Merge next month, according to CoinShares.
Crypto
Bitcoin Mining Likely to See 4th Difficulty Increase this Month Despite Downswing
Bitcoin mining difficulty is likely to see a fourth consecutive increase this month and surge beyond 30 trillion.
Market Analysis
Dollar Index Hits 20-Year High as Bitcoin Falls Below $20k
The U.S. dollar surged to a 2-decade high just three days after Fed Chair Jerome Powell said he plans to continue hiking interest rates to curb…
Market Analysis
Bitcoin and Ethereum Slip as Markets Await Powell’s Jackson Hole Speech
Bitcoin and Ethereum slipped Friday as investors await the Fed's inflation message at the annual Jackson Hole Conference Friday.
Crypto
Bitcoin Gains on Optimistic CPI Print, But Will a Rally Follow?
After the positive CPI report, the Fed's drastic rate hikes are less likely.
Market Analysis
Upcoming CPI Print Important for Bitcoin as DXY Hits 5-Year High
Bitcoin continue to grow as a digital class. Will it become a risk-off asset?
Market Analysis
Why this Analyst Says Buying MSTR Today is Like Buying BTC at $41k
Chris Bloomstran believes MicroStrategy stock is trading on 2.9x NAV, suggesting that buying MSTR today is like buying bitcoin at $41,000.
Crypto
Galoy Launches Synthetic Dollars Backed by BTC, No Stablecoins Needed
Stablesats make it seem payments are done in USD while using Bitcoin.
Crypto
MicroStrategy Co-Founder Says He Will “Focus More” on Bitcoin After Abandoning CEO Role
MicroStrategy co-founder Michael Saylor tweeted he intends to focus more on Bitcoin, right after stepping down as the company's CEO.