Bitcoin hits $82,000, Coinbase leads crypto stock gains as Clarity Act advances
The upbeat public debut of AI chipmaker Cerebras is also helping to lift both crypto and traditional markets.
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Riot’s stock rises after AMD boosts data center capacity to a potential 150 megawatts power
Riot Platforms (RIOT) shares jumped about 8% on Friday after Advanced Micro Devices (AMD) expanded its capacity at the company’s Rockdale, Texas campus, highlighting Riot’s continued pivot from bitcoin mining into AI and high-performance computing. According to the Q1 financial results, AMD exercised an option… Read More
Robinhood stock falls 8% after big earnings miss due to weak crypto trading revenue
Robinhood (HOOD) missed its first-quarter earnings and revenue estimates after reporting a sharp decline in crypto trading revenue, even as growth in other parts of its business pushed overall revenue higher. The popular trading platform reported first-quarter adjusted earnings per share of $0.38, missing Wall… Read More
Brazil’s B3 stock exchange to launch bitcoin-linked ‘event contracts’
Brazil’s main stock exchange B3 will begin offering six new derivatives contracts on April 27 that allow investors to bet on the likelihood of future events, ranging from the price of bitcoin to movements in the dollar and Ibovespa index. The instruments, called Event Contracts,… Read More
Bitcoin is still a great way to diversify portfolio even if it trades like a tech stock, analyst says
Bitcoin’s BTC$66,834.80 recent tendency to move in step with U.S. equities does not erase its value as a portfolio diversifier. That’s according to financial services and infrastructure firm NYDIG. In a weekly market note, Greg Cipolaro, the company’s global head of research, said correlations between… Read More
Bitcoin, U.S. stock futures give up early gains as Iran conflict intensifies
Bitcoin BTC$66,227.89 pulled back from Asian session highs alongside losses in the U.S. stock futures as Iran stepped up attacks in the Middle East, reportedly hitting an oil refinery in Saudi Arabia. The leading cryptocurrency fell back below $66,000 after hitting a high of nearly… Read More