Bitcoin’s correction reflects investors’ inflation concerns and highlights the potential impact of future US fiscal policies.
Stocks news
Mara Holdings posted a net loss for Q3 and missed analyst revenue estimates despite mining more Bitcoin blocks and boosting its energized hashrate by 17%.
The crypto exchange is one of the big winners from the United States elections on Nov. 5.
MicroStrategy’s latest announcement shows that its Bitcoin holdings have reached 279,420 BTC, worth almost $23 billion.
Donald Trump’s Nov. 5 win in the United States presidential election sets the stage for more institutional cryptocurrency adoption, according to a Benchmark research note.
Hut 8 could see its hash rate rise from 5.6 exahashes per second to 24 EH/s by Q2 2025 should it also execute a 15 EH/s purchase option with Bitmain.
Shares in Nvidia rose 2.84% during Tuesday trading, allowing the company to retake the top spot as the most valuable public company.
Medical device firm Semler Scientific has spent $71 million to buy 1,058 Bitcoin, adding another 181 Bitcoin to stash over Q3 and into the start of November.
Both firms partly attributed the rise in Bitcoin production to increasing their respective energized hash rates in October.
Microsoft has a “fiduciary duty” to do what is in the financial interests of shareholders and knocking back Bitcoin could go against those interests, a policy research center executive explained.