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The world’s largest crypto asset manager is still hemorrhaging Bitcoin with the largest outflow recorded this month, however other funds are inflowing more.
Daily bitcoin mining revenue surpassed its previous 2021 high over the weekend, The Block data showed.
The price of Bitcoin has pushed to reach new all-time highs above $72,000, spurred by record-breaking weekly inflows into crypto funds.
This represents a change in course for Trump, who previously told the BBC that bitcoin “seems like a scam.”
For the first time, a major Ethereum hard fork launches on another chain first
Telegram bot users may come out as the latest winners for Jito’s mempool suspension
The MicroStrategy chairman argued the United States, Europe and China would be much more likely to embrace Bitcoin if it were seen as digital property, not a medium of exchange.
Bitcoin started another record-setting week Monday, hitting a price of $72,846.65 according to Coinbase
- 04:46Data: Australia's Monochrome spot Bitcoin ETF holds 206 BTCAccording to official news, the Australian Monochrome spot Bitcoin ETF (IBTC) held 206 BTC as of November 13.
- 04:26Fed's mouthpiece: Inflation remains firm, but not enough to disrupt the Fed's December rate cut planFederal Reserve mouthpiece and renowned Wall Street Journal reporter Nick Timiraos recently wrote that consumer prices in October slightly rebounded after recording the slowest growth rate in three and a half years last month, indicating that inflation continues to decline on an uneven and rugged path. The latest report may not be enough to prevent the Federal Reserve from cutting interest rates again in December. However, with robust consumer spending and stable hiring, stronger inflation could spark a larger debate at officials' next meeting - discussing whether to slow down the pace of rate cuts early next year.
- 04:24Former US Treasury Secretary warns: If Trump fulfills his promise, it will trigger an "inflation crisis" unseen for decadesFormer US Treasury Secretary Summers stated that if President-elect Trump truly fulfills his promises, the United States will once again experience a severe inflation crisis. Summers pointed out that Trump's promised domestic tax cuts, increased tariffs, and expulsion of illegal immigrants will have a serious impact on the US economy. "If he insists on implementing the plans he promised during the campaign, then this country will suffer an inflation crisis greater than that of 2021."
