Wednesday, January 27, 2021
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Market Wrap: Bitcoin Steadies at $18.7K; Big Ether Options Position Around $1,120 Isn’t Bullish

Volume doldrums and December sluggishness caused bitcoin to slip steadily below $19,000; ether options above spot are highest at $1,120 strike price.Bitcoin (BTC) trading around $18,705 as of 21:00 UTC (4 p.m. ET). Slipping 1.7% over the previous 24 hours.Bitcoin’s 24-hour range: $18,629-$19,299 (CryptoX 20)BTC below its 10-day and 50-day

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Hive Reports $7.4M Q2 Profit as Lower Costs More Than Offset ‘Big Spend’ on Expansion

Publicly traded mining company Hive Blockchain (HVBTF) reported a Q2 profit even as the firm continued its “big spend” on upgrading its mining facilities. Hive took in $13 million in quarterly mining revenue, according to its Q2 earnings report Tuesday, 8% up from the year-ago period’s $12 million.The company posted a

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First Mover: Bitcoin’s Failure to Break $20K Shows Big Investors Only Just Arriving

Bitcoin was lower, retreating after rallying over the past 24 hours to a new all-time-high price of $19,920, based on CryptoX’s Bitcoin Price Index. Cryptocurrency analysts predicted bullish traders might next target the $20,000 threshold, though the market could struggle to break through if large potential holders choose to take profits at

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