Bitcoin

King Dollar Falls, Bitcoin Marches Toward Sound Money Highs

Bitcoin’s BTC$106,546.31 dollar high succumbed on Thursday as the largest cryptocurrency rose past $111,800, a remarkable 50% gain from its April low near $75,000, but when measured against traditional stores of value like gold and silver, BTC …

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Bitcoin Smashes Past $111K, Setting New Record Highs, on Institutional Fervor

Bitcoin (BTC) broke through $111,000 for the first time early Thursday, setting a fresh all-time high as capital continues to pour into the asset from an increasingly institutional class of buyers. BTC rose nearly 3.5% to touch $111,878 during Asian …

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Bitcoin Miners Sold Record Amount of BTC Ahead of May’s Price Surge

Bitcoin BTC$106,546.31 notched a new all-time high of $109,000 on Wednesday, but that’s small consolation for bitcoin miners, who last month were forced to cash in a record number of their BTC reserves, according to mining news outlet TheMinerMag …

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Bitcoin Backs Off Quickly From Record High as Interest Rate Surge Hits Risk Assets

Bitcoin’s BTC$106,546.31 surge to a fresh all-time record on Wednesday ran into a brick wall just below $110,000. After hitting a record of $109,754, BTC quickly fell to about 3% to the $106,000 area. At press time, the top cryptocurrency was trading …

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Bitcoin Mining Startup Sangha Sees $42M Revenue as It Breaks Ground on West Texas Pilot Project

Sangha Renewables, a bitcoin BTC$106,546.31 mining firm that aims to enable renewable energy companies to mine bitcoin, broke ground Wednesday on its flagship 19.9 megawatt (MW) solar facility in West Texas. “We have been extremely pleased with the …

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These Six Charts Explain Why Bitcoin’s Recent Move to Over $100K May Be More Durable Than January’s Run

Bitcoin BTC$106,190.32 is trading above $100,000 again, and investors, prone to recency bias, may be quick to assume that this event will play out like it did in December-January, when the bull momentum faded, with prices quickly falling back into …

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Sell in May? Bitcoin Tops $107K, Could Hit Record Highs This Summer Say Analysts

“Sell in May and go away,” goes the Wall Street adage for equity markets every summer. For bitcoin BTC$106,823.74, though, some analysts say this season could mark a break from tradition. “As we get into the European summer months, the …

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Bitcoin Falters Near Record, but ‘Realized Price’ Analysis Suggests Optimistic Outlook

Record highs — be it $20,000 in 2017, $69,000 in 2021 and $109,000 this year — are great for headlines and quick comparisons, but in reality don’t do a great job of describing price action. Tracking the “realized price,” or the average …

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Widening Government Strategy Holdings Suggests Increased Structural Demand for BTC: StanChart

Government entities increased their holdings of Strategy (MSTR), a bitcoin BTC$104,630.21 proxy, in the first quarter according to new veri from the U.S. Securities and Exchange Commission (SEC), investment bank Standard Chartered (STAN) said in a …

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Strategy’s STRK Hits Record Proceeds, Has Outperformed Bitcoin, S&P 500 Since Debut

Disclaimer: The analyst who wrote this report owns shares of Strategy (MSTR). Strategy’s (MSTR) perpetual preferred stock, STRK, achieved the largest proceeds from its weekly at-the-market (ATM) issuance since the program started in February …

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