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“We view the Singapore-based company as differentiated from its publicly traded peers due to its scalable infrastructure with one of the lowest all-in mining costs in the space, diverse revenue streams including self-mining, hashrate sharing, and hosting, and its recent expansion in artificial intelligence (AI)/high performance computing (HPC) solutions and into the design and manufacture […]
Bitcoin soared after the last halving in May 2020, and miners joined in. At the time, there weren’t many large-scale miners. This time around, though, the market is crowded with many large-scale miners, who will compete for bitcoin rewards that will be cut to 3.125 from 6.25 bitcoin. On top of that, the difficulty of […]
The central point of the bank’s estimated production cost range is currently around $26,500, which would mechanically double to $53,000 post-halving. The bitcoin network could also see a 20% decline in its hashrate after halving, which would reduce the BTC estimated production cost and the price to $42,000, the report said. Source link
Ether (ETH), the world’s second-largest cryptocurrency, has outperformed its larger rival bitcoin (BTC), with a 33% gain year-to-date. This rally is being driven by catalysts other than the potential approval of a spot exchange-traded fund (ETF), broker Bernstein said in a research report on Monday. Firstly, the ether supply is deflationary and has not increased […]
Increased retail activity comes ahead of the three main catalysts in the coming months: the bitcoin halving, the Dencun upgrade of the Ethereum blockchain and the potential approval of spot ether ETFs, the report said. Source link
Over one-third of respondents said that bitcoin prices will drop below $20,000 by year end, and more people expect the cryptocurrency to disappear rather than stay. The survey showed that 39% of participants say they believe that bitcoin will continue to exist in the coming years, while 42% “anticipate its disappearance.” Source link
So how did the crypto options market price in the bitcoin (BTC) spot exchange-traded fund (ETF) launch? From a quick ex-post analysis of option implied vs subsequent realized volatility (see below), expectations in the markets have subsided after the event, and it looks like the bitcoin options market gang correctly priced in the market reaction […]
However, this underperformance might provide a window for investors looking for an opportunity to buy into mining stocks. “Just like bitcoin, the next two months offer a dip buying opportunity in bitcoin miners,” as the stocks will offer “higher beta trade” to the next bitcoin price inflection, analysts Gautam Chhugani and Mahika Sapra wrote. There […]