BREAKING NEWS: Bitfarms' Bitcoin Mining Revenue Plunges 45% | CryptoToday_TOP on Binance Square

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BREAKING NEWS: Bitfarms' Bitcoin Mining Revenue Plunges 45% to $7 Million in First Month After Bitcoin HalvingBitfarms reported earning 156 $BTC BTC in May, down 42% from April.
This comes after a recent announcement that Bitfarms had rejected a near $1 billion takeover bid from Riot Platforms.

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ℹ️ Bitcoin News MicroStrategy has purchased 27,200 BTC for approximately $2.03 billion (averaging $74,463 per #bitcoin). Purchase Period: October 31st to November 10th, 2024 The company now holds a total of 279,420 BTC, acquired for approximately $11.9 billion with an average price of around $42,692 per bitcoin. $BTC

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A decline in Bitcoin's dominance is often correlated with an increase in altcoin prices. This can be attributed to several factors: Portfolio diversification: When Bitcoin's price stagnates or decreases, investors tend to diversify their portfolios by allocating funds to altcoins in search of higher returns. Market sentiment: Positive market sentiment can embolden investors to allocate funds to altcoins, leading to increased prices. Competition: The proliferation of altcoins offering innovative features and technologies has increased competition and attracted investment. Market cycles: Certain market cycles may exhibit periods of strong altcoin performance while Bitcoin remains relatively stable or declines, contributing to a decrease in Bitcoin's dominance. $BTC $ETH $OP

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BREAKING: US inflation falls to 3.3%. Lower than expected !!!

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The U.S. Securities and Exchange Commission (SEC) has approved eight Ethereum exchange-traded funds (ETFs) ✅ Eight approved ETFs include: Grayscale Blackrock Fidelity Bitwise VanEck Invesco Galaxy ARK 21Shares Franklin Templeton ✅ However, the SEC has only approved one 19b-4 filing, meaning that ETH ETF funds cannot start trading immediately like Bitcoin ETFs. ✅ The S-1 filing will be approved later, and the timeframe will depend on the SEC. According to sources, the fastest is 2 weeks and the slowest is 7-8 months. $ETH

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