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Bitcoin (BTC) fell to intraday lows after the Nov. 16 Wall Street open as the FTX scandal appeared to claim another victim.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewGenesis Trading liquidity “exceeded”Data from Cryptox Markets Pro and TradingView showed BTC/USD trading around $16,400 at the time of writing.Downside had entered again
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BlockFi has paused withdrawals and customer deposits. Original Source
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JPMorgan said investors can potentially look for a bottom in bitcoin (BTC) pricing through its production cost, which has sometimes acted as a floor. The current production cost is about $15,000, though it's likely to revisit the $13,000 it hit in recent months, implying a decline of around 25% from
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Iris Energy said this week that some of its mining equipment aren't producing enough cash to meet its financing obligations. Source
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"If indeed it can secure the financing to negotiate a power purchase agreement [PPA], we believe Argo's flagship Helios facility could be better monetized," Canaccord analyst Joseph Vafi told clients in a research note. "But given current macro uncertainty and until Argo can get to the other side of where
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Of the 2,000 voters surveyed by Grayscale (which, like CryptoX, is owned by Digital Currency Group), 37% said they would factor candidates’ policy positions on crypto before casting a vote. However, another poll released last week by the Crypto Council for Innovation revealed that crypto is unlikely to be a
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DA Davidson analyst Chris Brendler downgraded Core Scientific and Argo Blockchain from buy to neutral and said the bank has grown “increasingly concerned” about the miners. Source
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In this episode of NewsBTC’s daily technical analysis videos, we examine a possible bottoming scenario in Bitcoin price based on a potential expanded
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Frank Downing, director of research at Ark Invest and Steven McClurg, co-founder of asset management firm Valkyrie, joined “First Mover,” to discuss why crypto may have reached its “bottom,” and their crypto-focused separate managed accounts (SMAs). Source
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Despite USD bringing an onslaught to stocks, commodities and its rival currencies, Bitcoin (BTC) holds steady at the $19,000 to $20,000 mark, leaving mainstream media no choice but to put BTC into the headlines. American daily newspaper The New York Times highlighted BTC’s 6.5% increase in the last seven days
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