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Bitcoin (BTC) turned back time to February on March 10 as the latest U.S. inflation data sparked a bout of volatility.BTC/USD 1-minute candle chart (Bitstamp). Source: TradingViewWheat gives Bitcoin a run for its moneyData from Cointelegraph Markets Pro and TradingView showed BTC/USD reacting strongly to February’s Consumer Price Index (CPI)
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Marathon Digital (MARA), one of the largest publicly traded bitcoin miners in North America, reported fourth-quarter revenue of $60.3 million, an increase of 17% from the previous quarter but slightly below analysts' average estimate of $60.9 million, according to FactSet data. Original Source
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Of the $220 million of bitcoin put on the company balance sheet in late 2020 and early 2021, Block didn’t book an impairment loss in Q4, leaving the full year impairment charge at $71 million, and carrying value at $149 million. As of year's end, the fair value of the
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For 2022, Coinbase said it expects annual average retail MTUs of between five million to 15 million. "This wider than normal set of factors results in a wider range of potential outcomes for 2022. Simply put, we have less near-term visibility, and it is currently too early to provide a
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Amid Bitcoin (BTC) posting a significant price recovery since early February, JPMorgan analysts suggested that the “fair value” of BTC is actually lower than its market price on Tuesday.The current fair-value level for BTC is around $38,000, JPMorgan strategists said in the bank’s latest investor note published on Tuesday. Led by
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Russian citizens reportedly own 16.5 trillion rubles ($214 billion) worth of cryptocurrencies, according to government estimates.A Bloomberg report noted that Russians own about 12% of the total global crypto holdings. The crypto holdings estimates were calculated by analyzing IP addresses of some of the most significant crypto exchange users in the
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The bitcoin miner reported a net loss in the quarter of 16 cents per share, while analysts were expecting a gain of 35 cents per share. Nov 16, 2021 at 2:11 p.m. UTCUpdated Nov 16, 2021 at 2:16 p.m. UTCA close-up of one of Riot's mining rigs (Riot Blockchain) Original
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Hut 8′s third quarter revenue was C$50.3 million ($40 million), rising about 767% from last year and beating the average analyst estimate of C$43.7 million ($34.8 million).The Canadian cryptocurrency miner also reported adjusted earnings of C$0.15 ($0.12) per share for the third quarter, beating the average analyst estimate of C$0.13
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As for its outlook, Coinbase said that “while we entered Q3 with softer crypto market conditions, driven by low volatility and declining crypto asset prices, market conditions improved meaningfully later in the quarter which we have continued to see into early Q4.” Original Source
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PayPal’s (PYPL) adjusted earnings per share of $1.11 for the third quarter came in ahead of the analyst consensus estimate of $1.07, according to FactSet. But the company also posted revenue of $6.18 billion in the third quarter, which was short of estimates of $6.23 billion. Source
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