#BTC_rate

Bitcoin officially joins the US Stock Exchange
Industry News

Bitcoin officially joins the US Stock Exchange

Bitcoin has been officially approved by the US Stock Exchange – on October 19, the world’s first trading of the Bitcoin Strategy ETF was successfully launched in New York. In two days of trading, Bitcoin assets managed by the exchange-traded fund exceeded $1 billion. The Bitcoin Strategy ETF thus became the first US exchange-traded fund to be officially approved for Bitcoin contracts.
BTC Powers Back to $50K
Industry News

BTC Powers Back to $50K

Bitcoin is gaining ground! BTC price is on the move again, hitting its highest level since mid-May. It peaked at $50,270, adding 3% on the day. It has recovered more than 72% since June. The crypto asset’s overall market valuation is currently at $942 billion. This could be a sign that the “capitulation period has ended and the market is back on solid ground,” Coin Metrics wrote in a Tuesday newsletter.
Back in accumulation mode
Industry News

Back in accumulation mode

On-chain data shows long-term BTC holders are back in accumulation mode after the recent shake-out.
Blackouts in China Have Pushed Bitcoin’s Hashrate Down 49%
Industry News

Blackouts in China Have Pushed Bitcoin’s Hashrate Down 49%

Last weekend the Bitcoin network hashrate has dropped more than 49%, after hitting an all-time high at 218 exahash per second, reaching 169 EH/s. Immediately after that, regional reporter Colin Wu tweeted about power outages in China. “The hashrate of Bitcoin mining pools plummeted in 24 hours. Antpool fell by 24.5%, Btc.com fell by 18.9%, Poolin fell by 33%, Binance pool fell by 20%,” he said. “The reason is that Northwest China is undergoing a complete blackout for safety inspections.”
Bitcoin VS Gold
Industry News

Bitcoin VS Gold

It seems that the new preferred store of value appears in the financial arena. As the price of Bitcoin is getting closer to $59,000, its value in relation to gold is approaching new all-time highs! Measured against gold, the price of Bitcoin recently reached 34.94 ounces. It has more than doubled in the past three months and nearly sevenfold since October 2020.
Bitcoin is on Wall Street
Industry News

Bitcoin is on Wall Street

Bitcoin has come a long way since its inception in 2009 and now we can see the latest sign of its adoption on Wall Street. Institutional banking powerhouse Morgan Stanley will give accredited wealth management clients access to BTC investing. It will be the first big U.S. bank to make such an offer.

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