Tag: Bitcoin
Bitcoin’s Correlation with Dollar Index Tested Amid U.S. Election Uncertainty
Bitcoin's relationship with the Dollar Index is being put to the test as uncertainty looms over the U.S. election. Historically, Bitcoin has shown a negative correlation with the Dollar Index. However, this correlation may...
Elon Musk Transfers $760M of Bitcoin from Tesla to Unknown Wallets
Elon Musk's Tesla has made a significant move in the cryptocurrency world by transferring $760 million worth of bitcoin to unknown wallets. This transfer has raised speculation that Tesla might be considering selling off...
Bitcoin Price Surges to $67k, Reaching 2-Month High
Bitcoin's price surged to close to $68,000 on October 15th, reaching its highest point in two months. The cryptocurrency reached $67,800 before dropping back down to just below $66,000. This sudden increase led to...
Bitcoin Friday Futures: Ideal for News Traders – CF Benchmarks Review
The Chicago Mercantile Exchange's (CME) bitcoin (BTC) futures that expire on Fridays are gaining popularity among news traders, according to CF Benchmarks' CEO Sui Chung. These cash-settled Friday futures are sized at one-50th of...
Bitcoin Price Surges Above $64K to Start the Week
Bitcoin's price surged above $64,000 to start the week, leading a rally in other major cryptocurrencies like ether and Solana's SOL. However, XRP and BNB remained unchanged amidst the market excitement. Over $100 million...
Bitcoin Price Surges Near $65K as Chinese Stocks Rebound
Bitcoin's price surged near $65,000 as Chinese stocks rebounded, showing resilience in the face of mixed reactions to stimulus plans. The price of Bitcoin reached nearly $64,900 during the late European morning, marking a...
Man Sues Local Council to Retrieve $527M in Accidental Bitcoin Transfer
A British man named James Howells is taking legal action against a local council in Wales to try and recover a hard drive he accidentally threw away in 2013. This hard drive contains 8,000...
Samara Asset Group to Issue $32.8M Bond for Bitcoin Expansion
Samara Asset Group, a listed-investment firm, has announced its plans to issue a 30 million euro ($32.78 million) bond to fund acquisitions in alternative investment funds and increase its bitcoin holdings. The bond will...
Bitcoin Mining Profitability Declines in September: Jefferies Analysis
Bitcoin mining profitability saw a decline in September, according to a recent analysis by Jefferies. The bank reported that the average price of Bitcoin remained relatively stable while the network hashrate increased by 1.7%,...
Bitcoin Price Attempts $63.5K Amid China’s Fiscal Stimulus Uncertainty
Bitcoin made a strong move towards surpassing the $63,000 mark over the weekend as China's fiscal stimulus announcement did not meet expectations. This resulted in a decreased likelihood of investors shifting their capital into...















