According to Geoff Kendrick, an analyst at Standard Chartered, Bitcoin is likely to reach a new all-time high by the end of the year, regardless of the US presidential election results on November 5.
On Wednesday, the U.S. saw a significant decrease in net inflows for Bitcoin exchange-traded funds (ETFs), with a total of $43.97 million in outflows. This broke a two-day streak of positive inflows.
CleanSpark announced on Wednesday that they will purchase seven bitcoin mining facilities and accompanying land in Knoxville, Tennessee for a total price of $27.5 million, which equates to roughly $324,000 per megawatt.
On Friday, co-founder and former CEO of BitMEX crypto exchange Arthur Hayes stated that he predicts Bitcoin’s price will go below $50,000 over the weekend.
On September 5, the top 12 Bitcoin ETFs experienced significant outflows of $211.15 million, representing an increase of over six times compared to the previous day’s outflows of $37.29 million.
Zürcher Kantonalbank (ZKB), the fourth-largest bank in Switzerland, is now offering retail customers the option to buy, sell, and hold Bitcoin and Ethereum.
Cboe Exchange filed an amendment to regulators to request the listing of options for Bitcoin and Ether exchange-traded funds in two filings on August 28, one for Bitcoin and one for Ether options.
