The analyst noted both bitcoin and copper behave as “risk-on” inflation hedges, while gold is viewed as a haven.
Another way of looking at the philosopher Craig Warmke's conception of Bitcoin as a fictional substance.
Bitcoin's range play continues even as short-term price indicator turns bullish.
The options market is flashing signs of concern about an extended price sell-off.
Prices have since begun to cool, with intraday resistance around $38,000 for bitcoin and $2,730 for ether.
"Marathon is committed to the core tenets of the Bitcoin community, including decentralization, inclusion, and no censorship," said the CEO.
The fresh round will fund Lightning Network development, Utreexo work, and even Bitcoin document translations into Arabic.
Over-the-counter activity has picked up since the Communist Party reiterated its ban on crypto services on May 18.
South Korea-based Calvin Kim works primarily on the bitcoin scaling project Utreexo.
The 37.5% decline in May is beat only by September 2011's 40%.
Seven main takeaways on crypto markets from my time at CoinDesk. Plus: the future of the Bitcoin Mining Council.
With the purchase, the Luxembourg-based company becomes the latest company to hold cryptocurrency on its balance sheet.
The unique sponsorship is among the latest examples of cryptocurrency and professional sports mixing.
How do you trade bitcoin now? Carefully.
HDFC noted a link between bitcoin prices and searches on Google.