Many in the sector are down 50% or more over the past two months.
for the first time in over two weeks, giving a minor boost to the mining stocks.
Hut 8 Mining was one of the largest gainers, advancing 6.5% as it also announced final Canadian regulatory approval for its merger with USBTC.Bitcoin mining stocks have suffered over the past two months alongside bitcoin’s tumble from about the $30,000 level, with all three of the above names down 50% or more since the middle of July.
At press time, bitcoin was holding at $27,300, up 3.1% over the past 24 hours. Coming later this week is a rate-setting meeting for the U.S. Federal Reserve. The central bank is almost universally expected to hold its benchmark fed funds rate steady at 5.25%-5.50%.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin price holds $26K as MKR, AAVE, RUNE and RNDR flash bullish signalsA handful of altcoins are showing bullish technical setups while Bitcoin price holds the $26,000 level.
Read more »
FOMC versus BTC price 'local bottom' — 5 things to know in Bitcoin this weekBitcoin lines up record fundamentals as BTC price heads into FOMC volatility.
Read more »
XRP, ADA and SHIB Might Be Top Beneficiaries of Rising Bitcoin Open Interest, Here's WhyBitcoin (BTC) Open Interest rising, with top altcoins set to benefit from trend
Read more »
Hut 8 receives greenlight from Canadian Supreme Court for USBTC mergerBitcoin mining firm and computing infrastructure firm Hut 8 has received Supreme Court approval to finalize its business merger with US Bitcoin.
Read more »
BTC price hits $27.4K as Bitcoin open interest matches Grayscale peakBitcoin faces mushrooming open interest as BTC price hits new September highs above $27,000.
Read more »
Bitcoin Preparing a Charge at $27K While Altcoins Mostly Flat (Market Watch)The cryptocurrency market has remained flat for the past 24 hours with no serious developments.
Read more »