Bitcoin set for 3-month historic rally as analysts eye $92K BTC
According to market analysts, this could be the last dip buying opportunity for Bitcoin before the next leg up.
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According to market analysts, this could be the last dip buying opportunity for Bitcoin before the next leg up.
The Bitcoin halving has catalyzed a wave of interest in creating DeFi capabilities for Bitcoin, the world’s first blockchain network.
The slashing of the Bitcoin block subsidy from 6.25 Bitcoin to 3.125 during the April 2024 halving has placed financial pressure on miners.
A total of nine out of 13 US-listed Bitcoin mining companies raised capital through stock offers in the second quarter of 2024.
Bitcoin’s 2024 bull run was mainly driven by institutional inflows, which could be the key to unlocking the next leg up.
Bitcoin miner TeraWulf mined 699 Bitcoin in Q2 — a 21% year-over-year decline — but still beat analyst expectations with $35.6 million in quarterly revenue.
Bitcoin miners’ daily revenue hit a new yearly low of $2.5 million, but strategic overhauls keep some companies profitable amid industry challenges.
Bitfarms stock had a strong trading session on Aug. 8 amid lower-than-expected losses in its latest quarterly earnings report.
Marathon Digital holds over $1.1 billion worth of Bitcoin after the company decided to go full ‘HODL.’
Bitfarms CEO Ben Gagnon said that the company earned 62% more Bitcoin since the Bitcoin halving event in April.
