.@jpmorgan says it now looks like March 2024 was the peak for the crypto ecosystem in the current cycle both from a valuation and volume perspective, after monthly digital assets market cap fell 8% in June. https://t.co/2xdkrRoi8L
NEW: Shares of #Bitcoin miner ⛏️ HIVE Digital surge more than 9% on the Nasdaq after announcing a holding increase to 2,496 #BTC. https://t.co/rzY4wYziTK
CRYPTO MARKET CAP DECLINED 8% IN JUNE U.S.-listed Bitcoin miners saw a 19% increase in market cap, driven by AI-related power use cases, exemplified by Core Scientific's significant deal with CoreWeave. Despite this, spot Bitcoin ETFs experienced $662 million in net outflows,… https://t.co/YoNE1riXYg




HIVE Digital, a Canadian Bitcoin mining company, has reported a significant increase in its Bitcoin reserves, now holding 2,503 BTC, a 2.5% increase from the previous month. The company mined 119 BTC in June, matching its output from May, despite Bitcoin's price drop below $56,000. This increase in reserves has positively impacted HIVE Digital's stock, which surged by 9.5%. CEO Aydin Kilic noted the company's resilience amid market downturns. Meanwhile, the overall cryptocurrency market experienced an 8% decline in June, with the total market cap falling to around $2.25 trillion. However, U.S.-listed Bitcoin miners saw a 19% increase in market cap, driven by AI-related power use cases, exemplified by Core Scientific's significant deal with CoreWeave. The remaining batch of Bitmain...