Cryptoverse: Bored bitcoin seeks direction after big bang [Yahoo! Finance]
BIT Mining Limited ADS (BTCM)
Company Research
Source: Yahoo! Finance
Because regulators view bitcoin as a commodity, though, such options may also need the green light from the Commodity Futures Trading Commission, which oversees commodity derivatives, said Youwei Yang, chief economist at BIT Mining. "If successful ... (ETF options) could increase bitcoin's market sophistication and volatility, driving greater institutional and retail engagement," Yang added. It's been quite a run for crypto as the anticipation and approval of U.S. ETFs helped drive bitcoin activity globally. The total size of the cryptocurrency market has ballooned to $2.2 trillion as of Oct. 1 this year, from $8.3 billion at the start of 2023, according to CoinGecko data. "We've observed a significant increase in institutional on-boarding and trading activity," this year said Ostrovskis, adding there was a strong demand for platforms and services for digital assets that resemble traditional financial structures. Notoriously wild bitcoin's 90-day volatility has fallen to 42
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BTCM
News
- The Wiretap: Who's Afraid Of A Trumpian Encryption War? [Forbes]Forbes
- Bored bitcoin seeks direction after big bang [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Cryptoverse: Bored bitcoin seeks direction after big bang [Yahoo! Finance Canada]Yahoo! Finance Canada
- Cryptoverse: Bored bitcoin seeks direction after big bang [Yahoo! Finance Canada]Yahoo! Finance Canada
- Worst performing U.S. technology stocks over the past 3 months [Seeking Alpha]Seeking Alpha
BTCM
Earnings
- 2/23/24 - Miss
BTCM
Sec Filings
- 11/20/24 - Form 6-K
- 11/6/24 - Form 6-K
- 11/6/24 - Form 424B5
- BTCM's page on the SEC website