DIRS.INFO The most relevant business & tech news

☆ Bitcoin's break above $20,000 has investors wondering if the crypto bottom is in. Here's what analysts say
▼ + stars: | 2022-10-30 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

October is a historically strong month for crypto, but this month, prices and volatility have been relatively flat. Don't call it a bottom yet The odd inactivity has investors wondering if the crypto market could be turning for the better and breaking out of this year's rut. That, combined with the recent low volatility, would provide more evidence of a bottom, but bitcoin today is still leaving derivative exchanges. "For low price volatility to be associated with bottoms, the portion of bitcoin inflows into exchanges dominated by whales ought to be relatively low," he said. CryptoQuant also analyzed bitcoin's MVRV, or market value to realized value, ratio, which shows crypto hasn't gone into undervalued territory.

☆ ProShares' bitcoin futures fund burned through a record $1.2 billion of investors' money over its 1st year, report says
▼ + stars: | 2022-10-26 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

ProShares' bitcoin futures fund is down $1.2 billion after a smash debut last year, the FT reported. Inflows to the Bitcoin Strategy ETF were $1.8 billion, but it has just $614 million AUM, per Morningstar. The ProShares Bitcoin Strategy ETF broke records after listing as BITO on the NYSE in October last year. But as of Wednesday, its AUM stood at just $614 million — a loss for investors or just under $1.2 billion, the research firm found. Valkyrie's Bitcoin Strategy ETF is down about 65% since it debuted in November, while Global X's listed Blockchain and Bitcoin Strategy ETF has fallen 75% in the same timeframe.

A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. "Bitcoin miners have continued to watch margins compress - the price of bitcoin has fallen, mining difficulty has risen and energy prices have soared," said Joe Burnett, head analyst at Blockware Solutions. That's put serious pressure on some players who bought expensive mining machines, or rigs, banking on rising bitcoin prices to recoup their investment. Shares of Marathon Digital (MARA.O), Riot Blockchain (RIOT.O) and Valkyrie Bitcoin Miners ETF (WGMI.O) have sunk more than 60% this year, for example, while crypto-mining data center operator Compute North filed for bankruptcy last week. "From managing their balance sheet, processing units and energy costs, miners will look to stay afloat regardless of current market conditions," he added.

☆ Crypto’s bear market is unlike others before it. This time the Fed's steering the ship
▼ + stars: | 2022-09-20 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +17 min

In any other year, the bitcoin price would have skyrocketed after the BlackRock announcement, but it didn't. Bitcoin hit its all-time high on Nov. 8, less than a week after the Fed first introduced the tapering . "Bitcoin OGs want to believe that it's a risk-off asset – that's a long-term trajectory," said Burak Tamac, senior researcher at CryptoQuant. It's bitcoin that's received so much hostility about being environmentally unfriendly, but myths about the cryptocurrency's environmental impact are slowly being debunked . Beyond bitcoin, crypto remains just a little too out of reach for many.

"Thor: Love and Thunder" hit Disney Plus on September 8 as part of the service's Disney Plus Day event. "Thor: Love and Thunder" is also directed by Waititi, making it the second Thor film he's helmed, following "Thor: Ragnarok." How to watch 'Thor: Love and Thunder'"Thor: Love and Thunder" is now available to watch with a Disney Plus subscription. Disney Plus can be streamed via web browser or the Disney Plus app on most smart TVs, streaming players, or mobile devices. (L-R): Natalie Portman as Mighty Thor and Chris Hemsworth as Thor in Marvel Studios' "Thor: Love and Thunder."

Search resuls for: "Valkyrie"

5 mentions found