American Bitcoin Corp., the Bitcoin miner co founded by Eric Trump and majority owned by Hut 8, reported a $57.2 million net loss for the second quarter on Aug. 3. The result included a $71.2 million loss on digital assets, even as the company delivered record production and expanded its reserve to approximately 8,002 $BTC,
Bitcoin traded near $62,747 early on Aug. 3 after reaching an intraday high of $63,697, as investors prepared for five major U.S. economic releases and several closely watched corporate earnings reports. The week begins with the July ISM Manufacturing PMI on Monday. It ends with the official July employment report on Friday. Between those releases,
Bitcoin could confirm a bear-market bottom in August with a monthly close above $63,000, according to 10x Research. Markus Thielen, founder of 10x Research, said in a Monday report shared with Cointelegraph that Bitcoin closed July below the threshold needed to confirm a technical bottom. A monthly close near $63,000 would turn several of 10x
Bitcoin slipped below $63,000 on Monday, Aug. 3, even as falling oil prices and stronger U.S. stock futures created a more favorable backdrop for risk assets. $BTC traded near $62,556, down 1.38% over 24 hours and 4.35% over seven days. It had reached a Sunday high near $63,650 before sellers regained control. Ether fell about
The Smarter Web Company has increased its Bitcoin treasury by acquiring another 11.89 $BTC, taking its total holdings to 2,712 $BTC. According to BitcoinTreasuries.NET, the London-listed company completed the latest purchase of 11.89 Bitcoin, lifting its corporate treasury to 2,712 $BTC and moving it to 28th place in the Bitcoin 100 ranking of public companies
Peter Schiff warns that Bitcoin hacking will become easier due to AI and quantum computing. Peter Schiff, a critic of Bitcoin, has renewed his long-standing criticism of the cryptocurrency industry by taking advantage of one of the biggest hardware wallet security incidents in recent years. Coldcard hack shakes up the market In the wake of
Bitcoin fell under $63,000 on Monday as the Coinbase Premium Index, a proxy for US institutional demand for Bitcoin, reached its 77th day in the red. Bitcoin has traded at a persistent discount on Coinbase relative to international exchanges since May 19, with the latest premium rate at -0.1369%, according to Coinglass. As of Monday,
Bitcoin started the week under pressure, falling to the $62,229 level after seeing a liquidation of $146.66 million. This came even after U.S. President Donald Trump announced that he had canceled a planned military strike on Iran to give diplomacy another chance. Top crypto analysts suggest that $BTC is trapped between two major liquidity zones,
Transactions by large investors who have been inactive for a long time in the cryptocurrency market continue to be closely monitored. On-chain analytics platform Onchain Lens reported that 730 $BTC were transferred from the wallet of a Bitcoin whale that had shown no activity for four years. The transfer, worth approximately $46.12 million at current