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The S&P 500 (INDEXSP:.INX) and Nasdaq Composite (INDEXNASDAQ:.IXIC) equity indexes advanced for the second consecutive day. Bitcoin (BTC) mining stocks enjoyed significant gains on Thursday as the price of the coin hovers around $35,000, its highest level in over 17 months. Bitcoin Mining Stocks’ Strong Performance According to reports, US-listed mining companies such
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Bitcoin [BTC] mining stocks soared Thursday amid stable bitcoin price near its 17-month highs and bullish equity markets. Source
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Hopes of approval for a spot Bitcoin (BTC) exchange-traded fund by the United States Securities and Exchange Commission boosted Bitcoin’s price by 27% in October. This improved sentiment, attracting aggressive buying by crypto investors.Bloomberg senior ETF analyst Eric Balchunas highlighted in a post on X (formerly Twitter) that ProShares Bitcoin
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Growth among most crypto majors seemed to lull as traders likely took profits on gains since the start of this week. Source
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In a note, David Lo, head of financial products at Bybit, wrote that on-chain activity shows bitcoin holdings by long-term investors are reaching record levels, while Ethereum's gas usage is dropping significantly, leading to faster ether inflation. Bitcoin has increased its dominance – its share of the overall market capitalization
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Low volatility returned to crypto markets after a sudden move higher earlier this week following ETF decisions. Source
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While bitcoin is currently in a consolidation period, an analysis of past cycles suggests that gains can be expected after 2024’s halving event, one data firm said. Source
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The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 20 2023. First Mover is CryptoX’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
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Bitcoin traded in a tight range in the past 24 hours, staying between $25,800 and $26,000 after a price spike last week when the cryptocurrency topped $28,000 after a federal appeals court ruled the SEC must review its rejection of Grayscale Investments' attempt to convert its GBTC into an ETF.
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Bitcoin, the world’s largest cryptocurrency by market value, dropped just below the $26,000 mark on Wednesday after trading in a tight range over the past 24 hours and hitting a weekly low of $25,500. The cryptocurrency rebounded slightly from the low, but remains down 9% over the last seven days
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