Bitcoin miners earned $44M in a day to record annual all-time high
An overall trend reversal occurred in 2023 as crypto entrepreneurs took charge of the situation and helped regain investor confidence.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
An overall trend reversal occurred in 2023 as crypto entrepreneurs took charge of the situation and helped regain investor confidence.
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Bitcoin miners are no longer pure crypto proxies and are morphing into high-performance computing hubs
Bitcoin gained 21.5% from the Aug. 17 close through Aug. 21, yet six of seven large US-listed miners finished the same trading str...
Bitcoin faces a new macro test as Fed Chair Kevin Warsh highlights sticky inflation metrics
Bitcoin has 54% as a new macro number to defend against, the share of the personal consumption expenditures basket that Federal Re...
Robinhood Chain daily DEX volume hits new all-time high as memecoins and tokenized stocks collide
Robinhood Chain's rapid growth highlights the potential for regulated brokerages to reshape DeFi, merging traditional finance with...
Ethena is targeting the $120 trillion Wall Street stock market to hunt yields 5x higher than Bitcoin
Ethena is expanding USDe into equity perpetual-basis trades, targeting funding yields more than five times higher than Bitcoin’s a...
Fed Chair Kevin Warsh triggers a $488 million crypto liquidation cascade as rate-hike expectations rise
Bitcoin fell below $77,000 Friday after Fed Chair Kevin Warsh revived the threat of higher interest rates at Jackson Hole. Data fr...
Bitcoin (BTC) Price Today: Whale Buying Strengthens Bullish Case as BTC Consolidates Near $79K
At the same time, technical indicators show that the recent rally has become stretched, leaving Bitcoin price caught between a con...