Fees on Bitcoin Network Jump by More Than 100%
Transaction fees have increased significantly, going up by 113% and reaching a total of $18.69. In comparison to the previous year, this marks a 746% increase.
SEC Delays Decision on Hashdex Spot Bitcoin ETF
The SEC has announced that it requires more time to decide on allowing a Bitcoin futures ETF and an Ethereum futures ETF to convert into spot ETFs, according to filings made on Wednesday.
Bitfinex: Bitcoin Will Fall to $30K
Bitfinex predicts that this trend may result in a drop to $31,000 or even $30,000.
MicroStrategy Reports Over $1 Billion in Unrealized BTC Profit
MicroStrategy’s 158,400 BTC holdings have experienced an unrealized gain of $1.17 billion, with a 25% increase according to BitcoinTreasuries.
Cathie Wood: Bitcoin is a Defensive Asset
According to Bloomberg, during a podcast with Merryn Somerset Webb, ARK Invest CEO Cathie Wood stated that she would choose Bitcoin as a defensive asset without hesitation.
Block Reports $2.42B Gains on Bitcoin Sales in Q3
In the second quarter of 2023, Block reported a revenue of $2.42 billion from the sale of bitcoins through its Cash App application, with a gross profit of $45 million.
