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Bitcoin price should be 'well supported' by institutional players in the months ahead
Bitcoin price should be 'well supported' by institutional players in the months ahead

Bitcoin could find support from increased institutional ETF attention over the coming months, according to a Coinbase report.

The Block·2024/02/16 17:03
Bitcoin mining difficulty breaks above 80 trillion for first time
Bitcoin mining difficulty breaks above 80 trillion for first time

Quick Take Bitcoin mining difficulty reached 81.73 trillion on Feb. 16. That figure could reach 100 trillion before the next bitcoin halving in late April.

The Block·2024/02/16 16:59
Arkham Intelligence uncovers nearly all of MicroStrategy’s on-chain Bitcoin holdings
Arkham Intelligence uncovers nearly all of MicroStrategy’s on-chain Bitcoin holdings

MicroStrategy's Bitcoin holding is worth almost $10 billion.

Crypto Slate·2024/02/16 16:47
Crypto Market Cap Surges to $2 Trillion, Bitcoin Taps $52K as ETH Trades at $2.8K: This Week’s Recap
Crypto Market Cap Surges to $2 Trillion, Bitcoin Taps $52K as ETH Trades at $2.8K: This Week’s Recap

This week saw crypto’s total market cap exceed $2 trillion as Bitcoin’s price goes for the highs.

Cryptopotato·2024/02/16 16:34
Flash
09:40
German government spokesperson: Iran agreement can pave the way for global economic recovery
German government spokesperson: Iran agreement could pave the way for global economic recovery
09:40
US Stock Movement | Wolfspeed Surges Nearly 13% Pre-market as Fifth-generation SiC MOSFET Technology Ignites the Market
```htmlGolden Ten Data, June 15th|Silicon carbide concept stocks on a certain exchange surged nearly 13% before the market, closing at $48.71. According to the news, recently, a certain exchange officially announced the launch of the fifth generation (Gen 5) silicon carbide (SiC) MOSFET technology, targeting next-generation 1200V and 750V automotive and industrial applications. On-resistance (RSP) is the core quality factor for evaluating the efficiency of MOSFET active chip area. Gen 5 technology has achieved the industry's highest current-carrying capacity per unit area within a 5×5mm package, with system efficiency that can be up to 27% higher than competing products.```
09:38
US-Iran ceasefire leads oil prices to plunge by 5%, Indian Rupee surges 0.7% in a single day
After 107 days of ongoing conflict, the United States and Iran have reached a peace understanding, with an agreement set to be signed in Switzerland on June 19. During this period, global energy supplies were disrupted, and crude oil prices once surged past $100 per barrel.On Monday, Brent crude plunged nearly 5% to $83–84 per barrel, marking a roughly three-month low, as expectations of the reopening of the Strait of Hormuz eased concerns over supply disruptions.On Monday, the Indian rupee appreciated by 0.7% against the US dollar in a single day, opening at 95.32, reaching an intraday high of 94.95, and closing at 95.11, benefiting from US dollar long positions being closed and improved expectations of external stability.About 50% of India’s crude oil imports, 70% of its liquefied petroleum gas, and nearly 90% of its liquefied natural gas come from West Asia. During the conflict, energy import costs soared, inflationary pressures intensified, and the rupee weakened.India’s exports in March plunged by 7.44% month-on-month to $38.92 billion, with exports to West Asia collapsing by 57.95% to $3.5 billion—cut by more than half compared to the normal monthly average of about $6 billion.Exporters expect India’s trade with West Asia to achieve an order of magnitude leap in the next 2–3 years. The Minister of Commerce and Industry stated that if the peace agreement holds, most trade challenges will be significantly alleviated.
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