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Top related persons:
Bitcoin - 2 John Todaro - 2 It's - 1 Nikolaos Panigirtzoglou - 1 — CNBC's Gina Francolla - 1 Reginald Smith - 1 Needham - 1 CleanSpark - 1
Top related locs:
GBTC Marathon U.S Defiance –
Top related orgs:
Metrics - 2 JPMorgan - 2 U.S - 1 CNBC PRO - 1 Riot - 1 Miners - 1 Treasury - 1 Fed - 1

Search resuls for: "Needham's John Todaro"


3 mentions found


☆ Bitcoin tries for a winning week as investor worries about GBTC sell pressure subside
  + stars: | 2024-01-26 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +2 min
Bitcoin pushed higher to end the week as investors took some comfort in the idea that outflows from the Grayscale Bitcoin ETF (GBTC) could be starting to taper off. It's on pace, however, to post a nearly 10% decline for the week. If premarket gains hold, Coinbase is is on pace to end the week up 1% for the week. It would mark for its first positive week in five. Bitcoin miner Riot Platforms is set to rise 9% this week and also post its first positive week in five.
Persons: Bitcoin, It's, John Todaro, Nikolaos Panigirtzoglou, — CNBC's Gina Francolla Organizations: Metrics, JPMorgan, U.S, CNBC PRO Locations: GBTC
☆ Bitcoin mining stocks are rallying, but some are poised for a fall if the cryptocurrency hits this key level
  + stars: | 2023-10-26 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +5 min
But the Bitcoin halving is expected in the spring and it will likely reduce companies' revenue. The Bitcoin halving event is highly anticipated event by crypto investors because it historically has set the stage for new bull runs. It takes place every four years when the reward for mining bitcoin – which makes up a significant portion of mining companies' revenue – is cut in half. Marathon famously has the highest energy costs and lowest margins, while Riot has relatively low power costs but shares are expensive. Lower revenue, higher costs Generally, the mining stocks benefit from bitcoin price increases because those translate into higher mining revenue for the company.
Persons: John Todaro, Reginald Smith, Needham, CleanSpark, There's, Smith, bitcoin, Michael Bloom Organizations: JPMorgan, Riot, Miners Locations: Marathon
☆ Bitcoin falls to lowest level in nearly two months after Fed minutes dial up inflation concerns
  + stars: | 2023-08-17 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +2 min
A representations of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken May 19, 2021. The central bank minutes from the July meeting cautioned that Fed officials see "upside risks" to inflation that could potentially lead to more rate hikes. At that meeting, Fed raised its benchmark interest rate to the highest in more than 22 years . The eventual debut of a spot bitcoin ETF, one of crypto's biggest positive catalysts, also lost some steam this week, he added. Several of the top crypto assets by market cap – including Binance's BNB coin , Ripple's XRP and the Solana and Polygon coins – were lower by more than 3% Thursday.
Persons: Fed, Bitcoin, Sylvia Jablonski, Needham's John Todaro, Ripple's XRP Organizations: Treasury, Metrics, Fed, CNBC, SEC, Solana Locations: U.S, Defiance, –
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