Cryptocurrency Analysis and News Portal
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Bloomberg Intelligence senior commodity strategist Mike McGlone says Bitcoin's (BTC's) relative discount to its high hash rate in October — the largest since the first quarter of 2020 — could soon see Bitcoin return to "its propensity to outperform most assets."In an Oct. 19 Twitter post, the Bloomberg analyst suggested that
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U.S. investors have been waiting for a Bitcoin exchange-traded fund (ETF) approval since May 2014 when the Winklevoss Bitcoin Trust filed an amendment request at the Securities and Exchange (SEC). Over the years, the SEC has rejected every applicant and the latest denial was issued to WisdomTree’s application for a spot
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The shares first slipped into discount in February 2021 primarily due to alternatives like ETFs becoming available in Canada and Europe. Original Source
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Grayscale Investment’s Bitcoin Trust (GBTC) has dropped to a new low this week as the bitcoin fund tapped a record 35.18% low against bitcoin spot prices. GBTC’s discount to spot has been underwater for a total of 577 consecutive days. GBTC Discount to NAV Widens by 35% — Fund Reaches an
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Grayscale Bitcoin Trust (GBTC), a cryptocurrency fund that currently holds 3.12% of the total Bitcoin (BTC) supply, or over 640,000 BTC, is trading at a record discount compared to the value of its underlying assets.Institutional interest in Grayscale dries upOn Sep. 23, the $12.55 billion closed-end trust was trading at
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The annualized rolling discount in one-month bitcoin futures listed on Deribit, the world's largest crypto options exchange, narrowed to 0.3% from 17.66% before the changeover, which went live at 6:43 UTC, according to data provided by Skew. Discounts in futures listed on Kraken, OKEx and the Chicago Mercantile Exchange also
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While most of the Ethereum community favors switching to a proof-of-stake (PoS) consensus mechanism for validating transactions, some miners are looking to preserve the proof-of-work (PoW) mechanism. If they succeed, the chain will fork, splitting into PoS and PoW chains at the time of the Merge, scheduled for Sept. 13-15. Original
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The latest price moves in bitcoin (BTC) and crypto markets in context for August 26, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Original Source
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Bitcoin (BTC) futures are starting to see record discounts as sentiment among derivatives traders worsens. In its latest dedicated report issued Aug. 23, analysis firm Arcane Research painted a worrying picture of morale among BTC futures participants.Futures basis revisits June lowsAfter an initial shock during June’s BTC price drop, which has
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