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Dec 2022

Crypto, Equity, Metal Markets Plunge as Tech Earnings Disappoint and US Economic Weakness Deepens

Crypto, Equity, Metal Markets Plunge as Tech Earnings Disappoint and US Economic Weakness DeepensEquity markets began the day in the red following the latest corporate earnings reports from some of the world’s largest firms, including Microsoft. The tech giant’s recent conference call was considered disappointing, and earnings from firms such as Boeing, Texas Instruments, and 3M were also lackluster. Gold and silver prices were down between 0.43% and […]

Stablecoin adoption, ETFs to propel crypto performance in 2025: Citi

Challenging Year for Bitcoin Miners as Fewer BTC Mining Rigs Are Profitable at Current Prices

Challenging Year for Bitcoin Miners as Fewer BTC Mining Rigs Are Profitable at Current PricesBitcoin miners have had a challenging year as the network’s mining difficulty reached an all-time high and the spot market price of bitcoin dropped below the cost of production. Currently, with electricity costs at $0.07 per kilowatt-hour (kWh), only 18 application-specific integrated circuit (ASIC) bitcoin mining rigs are able to turn a profit at current […]

Stablecoin adoption, ETFs to propel crypto performance in 2025: Citi