Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Marathon
Bitcoin Miner Stocks Plummet: Marathon, Riot, CleanSpark Take a Hit
The post Bitcoin Miner Stocks Plummet: Marathon, Riot, CleanSpark Take a Hit appeared first on Coinpedia Fintech News As the highly anticipated Bitcoin halving draws near, the mining sector faces a downturn, with stock prices plummeting despite top executives maintaining a bullish outlook. Bitcoin Miners Face Market Turbulence The imminent Bitcoin halving event, set to slash mining rewards from 900 to a 450 daily tokens, has sent shaken the mining industry. High-profile companies like Marathon Digital Holdings Inc., Riot Platforms…
1 year ago
Is The Bull Run Nearing its End? Marathon CEO Asserts Bitcoin ‘Halving’ Rally Already Priced In
In anticipation of the upcoming Bitcoin Halving event, which is expected to occur later this month, Marathon Digital CEO Fred Thiel believes that the price impact may already be factored into the market to a certain extent. Thiel shared his insights in a recent interview with Bloomberg, in which he discussed the potential catalysts for further price increases and their implications for the mining industry. Bitcoin Halving Impact Mitigated By ETF Surge? The “halving” event, a software code update that…
1 year ago
Bitcoin (BTC) Halving Rally Already Priced in, Says Marathon CEO
The boss of America’s largest crypto mining firm, Marathon, said that spot Bitcoin ETF approvals had brought forward what would otherwise have been the post-halving rally. “I think the ETF approval, which has been a huge success, has attracted capital into the market and essentially brought forward what could have been the price appreciation we typically would have seen three to six months post halving,” Fred Thiel said in an interview with Bloomberg on April 9. “So I think we…
1 year ago
Nasdaq-listed Marathon Buys $150M Worth Of BTC As Treasury Reserve
Bullish news for the cryptocurrency industry as yet another publicly-traded company has joined the Bitcoin bandwagon with a hefty $150 million investment. According to a Monday press release, Marathon Patent Group, a Nasdaq-listed company, has purchased 4,812.66 BTC as part of its treasury reserve. The company said it purchased the cryptocurrency through the New York Digital Investment Group (NYDIG) at an average price of $31,168 per bitcoin, amounting to a total of $150 million. According to Marathon's chairman and CEO,…
4 years ago