Bitcoin Slips Under $62K as Hong Kong ETFs Disappoint
Asia's first spot bitcoin and ether ETFs debuted in Hong Kong with dismal trading volumes.
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Apr 30, 2024 at 9:32 a.m. UTC
Apr 30, 2024
Bitcoin
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Bitcoin is the pioneer of blockchains and cryptocurrencies, introduced in a white paper released in 2008 by an apparently pseudonymous person or group of people known as Satoshi Nakamoto. The document described a peer-to-peer method of transferring money without the use of financial institutions. The cryptocurrency known as bitcoin or BTC debuted in 2009. Transactions are recorded on a public ledger (a blockchain) by entities known as miners who engage in process called proof-of-work. Miners are rewarded for doing that by getting newly minted bitcoin. Some proponents view BTC as an alternative to fiat currencies and a hedge against inflation. Bitcoin has inspired the creation of numerous other cryptocurrencies and blockchain projects.
DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person
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Hong Kong Bitcoin and Ether ETFs Have Soft Debut
The volume of crypto exchange-traded funds came in at just over $11 million.
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Apr 30, 2024 at 8:50 a.m. UTC
Apr 30, 2024
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MicroStrategy Now Holds $13.6B Worth of Bitcoin, 1% of Total Circulating Supply: Canaccord
The broker cut its price target on the firm to $1,590 from $1,810, while maintaining its buy rating.
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Apr 30, 2024 at 8:09 a.m. UTC
Apr 30, 2024
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Bitcoin Set to Become More Dominant Even as BTC Stares at First Monthly Loss Since August
Bitcoin's dominance rate has risen past key level, signaling further upside, according to Fairlead Strategies.
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Apr 30, 2024 at 7:33 a.m. UTC
Apr 30, 2024
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Coal Miner Alliance Resource Dabbles In Crypto Mining, Mines 425 BTC
The $2.8 billion coal giant said that it is mining bitcoin with the excess power it generates.
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Apr 30, 2024 at 6:52 a.m. UTC
Apr 30, 2024
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Bitcoin Wavers Around $63K, Awaiting Hong Kong Spot Crypto ETF Debut
Despite muted anticipation for the new products, an executive of one of the issuers reportedly expects that the first-day issuance of the Hong Kong offerings will exceed the U...
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Apr 29, 2024 at 8:48 p.m. UTC
Apr 29, 2024
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MicroStrategy Q1 Operating Loss of $53.1M After Bitcoin Holdings Impairment Charge of $191.6M
To this point, the company has not adopted fair value accounting for its bitcoin stack, resulting in the first quarter write-down despite a major rally in prices.
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Apr 29, 2024 at 8:33 p.m. UTC
Apr 29, 2024
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First Mover Americas: Bitcoin, Ether Sink Amid U.S. Stagflation Fears
The latest price moves in crypto markets in context for April 29, 2024.
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Apr 29, 2024 at 1:26 p.m. UTC
Apr 29, 2024
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Bitcoin Trades At Slight Premium in Yen Terms Amid Suspected BOJ Intervention
The Japanese yen swung wildly on Monday, recovering 500 pips from over three-decade lows on suspected BOJ intervention.
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Apr 29, 2024 at 11:31 a.m. UTC
Apr 29, 2024
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Bitcoin ETF Slowdown Is a Short-Term Pause Not the Beginning of a Negative Trend: Bernstein
Investment platforms will take some time to establish the necessary compliance framework to sell bitcoin ETF products, the report said.
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Apr 29, 2024 at 8:57 a.m. UTC
Apr 29, 2024