Analysts


Mercati

Bitcoin Mining Was Significantly Less Profitable in August, Jefferies Says

September could be another difficult month for the miners as bitcoin remains under $60K and the network hashrate continues to rise, the report said.

Alta Novella's turbine room with 40 ASIC bitcoin miners.

Mercati

Core Scientific Is Uniquely Placed to Deliver AI Data Center Scale in the Near Term: Bernstein

The bitcoin miner benefits from readily available sites and power, less competition and the ability to hire strong data center talent, the report said.

bitcoin miner (Shutterstock)

Mercati

Bitcoin Could Hit $90K by Year End if Trump Becomes President Again: Bernstein

If Kamala Harris wins, the world's largest cryptocurrency could drop to as low as $30K, the report said.

Bitcoin price could be tied to the outcome of the U.S. election, Jefferies said. (Danny Nelson/CoinDesk)

Mercati

Crypto Market to Stay Highly Correlated to Stocks Amid Macro Events and Dwindling Network Activities, Citi Says

The network activity has also been falling on Ethereum and stalling on the Bitcoin blockchain, the report said.

Crypto market to stay highly correlated to stocks, Citi says. (Miquel Parera/Unsplash)

Mercati

Crypto Market Lacks Major Near-Term Catalysts, JPMorgan Says

Total crypto market cap was $2.02 trillion at the end of August, a 24% decline from this year's peak of $2.67 trillion in March, the report said.

(Shutterstock)

Mercati

Crypto Market Has Evolved in the Past Year, Canaccord Says

The digital assets industry has bounced back from the collapse of crypto exchange FTX and returned to growth in the past 12 months, the report said.

Scrabble letters spelling ETF arranged a rack

Mercati

Ether Spot ETF Flows Have Underwhelmed Versus Bitcoin: JPMorgan

Spot ether exchange-traded funds have seen net outflows of $500M since their launch, the report said.

(Shutterstock)

Politiche

Telegram CEO's Arrest Is Unlikely to Be the Last: Galaxy

Telegram and Pavel Durov were probably resisting takedown or information requests from Europe or France, the report said.

Toncoin rises amid potential Telegram IPO (Christian Wiediger/Unsplash)

Mercati

Crypto Market Has Struggled Since Spot Ether ETFs Started Trading: Citi

Demand for digital assets has dried up in recent weeks and both bitcoin and ether ETFs have seen net outflows in the last month, the report said.

Ether spot ETFs to see same sources of demand as bitcoin versions but on lower scale: Bernstein. (Rob Mitchell/CoinDesk)

Mercati

Bitcoin Mining Opportunity Is Worth About $74B, JPMorgan Says

The Wall Street bank lowered its price targets for some miners to account for second-quarter results and changes in the bitcoin price and the network hashrate.

(Shutterstock)