Bitcoin's Wild Price Swings Point to the Rising Influence of ETF Buyers [BNN Bloomberg (Canada)]
BIT Mining Limited ADS (BTCM)
Company Research
Source: BNN Bloomberg
The largest cryptocurrency surged Friday after a report showing a smaller-than-forecast increase in US employment renewed expectations for interest rate cuts, raising the appeal of speculative assets. The rally helped to erase most of the losses registered earlier in the week posted on growing concern Federal Reserve officials were becoming more hawkish and demand for the ETFs is ebbing. “What this week has taught us is that Bitcoin at all-time-high and the new development of Bitcoin ETFs basically open Wall Street's participation into the Bitcoin market in a way we've never seen before,” said Stéphane Ouellette, chief executive officer of FRNT Financial. “Before, there weren't any obvious correlations with other asset classes, and it was very obvious that this week, particularly on the Tuesday night sell-off ahead of the Fed that Bitcoin was trading in line with other risk assets.” Bitcoin jumped around 7% to $62,937 on Friday, helping to pull prices higher among smaller cryptoc
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News
- Bitcoin's Wild Price Swings Point to the Rising Influence of ETF Buyers [Yahoo! Finance]Yahoo! Finance
- BIT Mining Limited Completes Sale of its Mining Pool BusinessPR Newswire
- BIT Mining Limited Announces Unaudited Financial Results for the Fourth Quarter and Full Year ended December 31, 2023 [Yahoo! Finance]Yahoo! Finance
- BIT Mining Limited Announces Unaudited Financial Results for the Fourth Quarter and Full Year ended December 31, 2023PR Newswire
BTCM
Earnings
- 2/23/24 - Miss
BTCM
Sec Filings
- 5/15/24 - Form 20-F
- 4/30/24 - Form 6-K
- 4/30/24 - Form NT
- BTCM's page on the SEC website