At 9:30 a.m., bitcoin’s price was clocking roughly $79,750 to $80,100 per unit on Sept. 6, stuck in a tight weekend range after its early-September run above $82,000 lost steam. There’s a great deal happening under the surface, though: BTC’s price remains above every listed major daily simple moving average (SMA) and exponential moving average […]
This editorial is from this week’s edition of the newsletter Week in Review, sent to subscribers on Friday. Subscribe to the newsletter to get this weekly editorial the second it’s finished. The newsletter also includes the biggest stories of the week, with a comment on each story. Stocks are up, oil is up, gold is […]
Bitcoin’s second-quarter unplug looked like capitulation. It wasn’t. This article first appeared in Miner Weekly, a weekly newsletter by Blocksbridge Consulting curating the latest news in energy, compute, infrastructure, and data analysis from The Energy Mag. The original article can be viewed here. Public miners analyzed by TheEnergyMag shed an estimated 56 EH/s of realized […]
President Nayib Bukele denied claims that El Salvador was ceding control of its strategic bitcoin reserve to a private operator, calling these allegations “totally false.” Bukele stressed that only Chivo Wallet shares were transferred to a private operator, not the BTC the nation owns. Bukele Denies El Salvador Transferred Its Bitcoin Reserve to a […]
Bitfinex analysts explained that this indicator, based on bitcoin price volatility, has had a positive week for the first time in months since the downtrend started, confirming that the bull move has developed into a larger, more stable trend. Bitfinex: Super Trend Index Turns Positive, Bullish News for Bitcoin Prices While bitcoin has behaved erratically […]
Robinhood Chain traders have found a new use for tokenized U.S. stocks: making investors acquire them before they can buy newly created meme coins, a pairing that is driving significant trading volume and producing bizarre stock prices while Wall Street is closed. Robinhood Chain launched July 1 as an Arbitrum Orbit Layer-2 blockchain built around […]
Robinhood’s push into tokenized equities and blockchain infrastructure is gaining traction just two months after launch. Its stock tokens now lead the market by holder count, while Robinhood Chain is producing revenue at a pace that could reach roughly $1.7 billion annually if sustained. Robinhood Chain Sees Uniswap Volume Reach $1.7B Daily Robinhood’s crypto strategy […]