Bitcoin's stint at $21,000 might have been short-lived but exchange data suggests that it's currently up against a much healthier and less volatile market.
MicroStrategy reported a slight year-over-year drop in revenue and saw its Bitcoin holdings increase by 301 BTC for the quarter.
Bitcoin has outperformed gold and the DXY in October, posting a 6% increase while the two closed the month in the red, continuing the downward trend that began earlier in the year.
The $1.7 trillion in savings will allow households to spend in a way that keeps demand strong despite soaring rates, which could continue feeding inflation and push the Fed to rise rates even further.
If Argo fails to secure another strategic investment, the cash-strapped company could shut down in the coming months.
With the hash rate expected to grow even further and no end in sight to the bear market, we could see the ongoing miner capitulation continue until the end of the year.
A look at how Bitcoin's performance has been front-running all major assets and why luxury items and real estate will be the last ones to crash.
A huge rise in adoption has pushed Polygon's price up 23% in the past 30 days, increasing the number of active addresses on the network and draining MATIC from exchanges.
With a market cap of over $188 billion, Ethereum rose to become the 50th largest asset in the world, standing head to head with giants such as Toyota, Disney, and McDonalds.
A total of 24,529.85 BTC was sent on the Bitcoin network for a fee of just over 4,000 sats — or roughly $0.83.
In an Oct. 26 SEC filing, Core Scientific said its operating performance and liquidity had been severely impacted by rising electricity costs and falling Bitcoin prices.
Increased buying pressure in the U.S. and the E.U. pushed Bitcoin's price close to $21,000 as the two regions begin to buy BTC for the first time since August.
