"After a quiet start to the year with options open interest coming off significantly from December, volumes started to pick up last night with several large short-dated options trading overnight," Patrick Chu, director of institutional sales and trading at over-the-counter tech platform Paradigm, told CoinDesk in a Telegram chat. "Over Paradigm, we saw several large interests … [Read more...] about Bitcoin’s Options Market Trims Bearish Bias as US Inflation Report Looms
Bitcoins
Bitcoin’s Near 40% Slide Weighs on Crypto Stocks While Coinbase Outperforms
Argo Blockchain (ARBK), the only crypto miner listed on the London Stock Exchange (LSE), has declined by 45%, while Canadian crypto miners Hive Blockchain (HIVE) and Hut 8 Mining Corp (HUT) have slipped 52% and 59%, respectively. Toronto-listed crypto exchange Voyager Digital (VYGVF) is down 50% alongside a 45% slide in shares in MicroStrategy (MSTR), a business-intelligence … [Read more...] about Bitcoin’s Near 40% Slide Weighs on Crypto Stocks While Coinbase Outperforms
Bitcoin’s Slump Is Good for Crypto Miners Long-Term, Jefferies Analyst Says
When bitcoin prices continue to drop, smaller miners with higher electricity costs often reduce their operations, which will probably help publicly listed North American miners pick up “meaningful” market share, analyst Jonathan Petersen said in a note. Source link … [Read more...] about Bitcoin’s Slump Is Good for Crypto Miners Long-Term, Jefferies Analyst Says
JPMorgan Sees More Crypto Adoption in 2022, Debates Bitcoin’s Status as Store of Value
Regarding bitcoin, JPMorgan says it’s “particularly well-designed as a modern store of value, and the strong design has contributed to the increased confidence in and value of Bitcoin.” However, bitcoin still comes up short against other stores of value, including gold, given its limited history, according to Worthington. Source link … [Read more...] about JPMorgan Sees More Crypto Adoption in 2022, Debates Bitcoin’s Status as Store of Value
Argo Blockchain Monthly Revenue Drops Even as It Mined More Bitcoins
Argo Blockchain, the sole crypto miner listed on the London Stock Exchange (LSE), said mining revenue fell 5.7% in December as a declining price for bitcoin more than offset an increase in production.The London-based company mined 214 bitcoins last month, taking the total for 2021 to 2,045, according to an announcement Friday.Mining revenue, however, fell to £7.82 million … [Read more...] about Argo Blockchain Monthly Revenue Drops Even as It Mined More Bitcoins