Cryptoverse: Bored bitcoin seeks direction after big bang [Yahoo! Finance Canada]
BIT Mining Limited ADS (BTCM)
Company Research
Source: Yahoo! Finance Canada
By Medha Singh and Lisa Pauline Mattackal Bitcoin has been distinctly listless in the past three months after starting the year with a bang. The crypto leader has largely shuttled between $56,000 and $63,000 so far in the second half of the year - a contrast to the first six months when it jumped 45%, propelled by the launch of U.S. exchange-traded funds (ETFs) tracking its spot price. Market players are now eyeing possible new crypto catalysts heading into year-end and early 2025, beyond broader market-moving events such as shifts in U.S. interest rates and the American presidential election. Jake Ostrovskis, trader at UK-based crypto firm Wintermute, is anticipating the upcoming launch of options on BlackRock's spot bitcoin ETF, a new product he believes could attract more U.S. retail money after its approval by the Securities and Exchange Commission last month. Because regulators view bitcoin as a commodity, though, such options may also need the green light from the Com
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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]Yahoo! Finance
- 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