Season 1 Episode 299
Bitcoin smashed through a new all-time high of $109,578 before retreating to $107,400 amid market volatility triggered by rising treasury yields above 5%.
• Bitcoin's Golden Cross (50-day and 200-day moving average intersection) signals the beginning of a potential bull run
• Bitcoin dominance hit another all-time high at 65% of total cryptocurrency market cap
• Mining stocks initially rallied with double-digit gains before reversing dramatically by afternoon
• Texas advancing legislation for a strategic Bitcoin reserve, now passed to the governor
• Bitcoin Conference Las Vegas approaching with high-profile speakers including Ross Ulbricht and JD Vance
• Riot Platforms upsized their credit facility with Coinbase to $200 million at approximately 9% interest
• Cipher Mining priced convertible notes at 1.75% interest, maturing May 2030
• High short interest in mining stocks explained by convertible arbitrage strategy from hedge funds
• Hash price improved to $56, up from $37-39 range a few months ago
• Mining difficulty increases continue to pressure production despite higher hash rates
Anthonys Info:
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https://www.powermininganalysis.com
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https://twitter.com/cazenove_uk
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Bryce's Info:
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Patreon:
https://www.patreon.com/McNallieMoney
Merch:
https://shop.mcnalliemoney.com/
Website:
Business Inquiries:
Email - powermininganalysis@gmail.com
Published on 7 months, 1 week ago
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