
Messina CEO willing to bet his Porsche on BTC reaching $60K again
Jim Messina said he remains bullish and is buying more Bitcoin, despite seeing the flagship crypto lose over 60% of its value year-to-date.
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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.

Buterin made the statement in response to Zach Weinersmith saying that people should buy gold over Bitcoin (BTC) since it does not have a centralized authority controlling it like fiat.

The wMarket Update condenses the most important price movements in the crypto markets over the last 24 hours, published 07:00 ET on weekdays.

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.

The majority of Bitcoin investors are holding losses during this period of stagnant price action.

A total of $936.24 million was secured in short liquidations on the popular cryptocurrency exchange FTX, marking the largest ever since its emergence.