Bitdeer Technologies Group is dropping roughly 1.93 exahash per second (EH/s) of bitcoin mining capacity into a 28-megawatt co-mining deal with Soluna Holdings at a wind-powered data center in South Texas. Bitdeer Sends Its Own Mining Fleet Into Soluna's Texas Wind Farm Under the deal announced Aug.
Bitcoin prices reached a three-month high on August 24 as several variables, including strong ETF inflows and a sustained short squeeze, caused continued gains.
Goldman Sachs has backed Coinbase and Robinhood shares as Bitcoin's 26% weekly rally has lifted the cryptocurrency above $80,000 despite an extended decline in market trading volume.
The resurgence of gold and Bitcoin ETFs highlights a shift towards alternative assets, reflecting growing investor interest in diversifying portfolios. Gold and Bitcoin ETFs muscle back into the top 10 most traded.
Bitcoin price slipped back below $80,000 after reaching a multi-month high above $81,200, as overbought conditions and resistance near its previous range high prompted traders to take profits. Bitcoin price cools after testing $81,200 According to data from crypto.
CryptoQuant says Bitcoin's 24% rally has flipped key market indicators bullish, though rising profit-taking could bring near-term turbulence.
Bitcoin and ether ETFs extended their inflow streaks to six sessions on Monday, drawing $337.56 million and $115.57 million, respectively. Solana, XRP and HYPE funds also finished firmly in the green as institutional demand carried over from last week.
Bitcoin crosses $80,000 for the first time since mid May, gaining 28% in August as a weaker dollar and supportive US policy expectations boost demand.
Galaxy's crypto-backed credit line could reshape investment strategies by enabling asset retention and tax deferral, impacting market dynamics. Galaxy launches crypto-backed credit line letting investors borrow against BTC, ETH and SOL without selling.
CryptoQuant says Bitcoin has entered an early bull market phase after a 24% rally, with $83,000 remaining the key confirmation level. CryptoQuant says Bitcoin has entered initial phase of new bull market.
Thailand's SEC advanced spot Bitcoin and Ether ETF plans into draft regulations, with passive single-asset funds proposed for listing exclusively on the Stock Exchange of Thailand. Each ETF would need at least 80% average net exposure to its underlying crypto asset, while domestic funds could invest under existing limits.
Bitcoin experienced a sharp pullback on Tuesday, sliding below $79,000 to a mid-morning low of $78,600. Despite the drop, the Crypto Fear and Greed Index remained strong at 74, signaling that traders view the move as consolidation rather than a correction.