Bitcoin sets another record above $113,000
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On July 7, the miner announced that it has recorded a rise of 18% in monthly Bitcoin production in June. Thanks to the firm successfully running the Phase 1 infrastructure at the new 100 megawatt (MW) facility in Yguazú, Paraguay, HIVE mined 164 Bitcoin in June. In contrast, the firm mined 139 Bitcoin in May.
Bitcoin’s rally to new highs was driven by long-term accumulators and spot inflows, suggesting that BTC’s next milestone price is in the $130,000 range.
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ABP News on MSNCryptocurrency Price Today (July 11): Bitcoin Sets New All-Time High, Breaks $118k. Here's What Market Experts Are SayingBitcoin (BTC), the world’s oldest and most valued crypto, is on a hot streak. It crossed the $118,000 mark early Friday to mark a brand new all-time high (ATH). Institutional enthusiasm is a primary driver for BTC’s latest rally.
MARA Holdings (NASDAQ: MARA) stock was surging about 11% higher on Wednesday and there is good reason to suspect that the rally could continue for the Bitcoin miner. The catalyst on Wednesday was a production update and outlook the company posted.
Research head of research Markus Thielen points out three factors that may push Bitcoin’s price to new highs by the end of July.
Bitcoin Cash has fallen 7.8% this week; futures interest has risen 24% as daily addresses hit six-year lows, revealing a price-utility gap.
The company will use a combination of American depositary shares, warrants, and convertible debentures to raise the funds.
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Cryptopolitan on MSNBitcoin (BTC) Eyes 30% Rally as Whales Load Up, But Mutuum Finance (MUTM) Is Gaining Stronger Momentum This JulyAs Bitcoin (BTC) sparks fresh interest with a potential 30% rally fueled by whale accumulation, a quieter but more better coin is emerging in the crypto market this July, Mutuum Finance (MUTM). The token is now in presale,