The combined hashrate of miners tracked by the bank has doubled in the last year to roughly 30% of the küresel network, the report said.

Gary Gensler has described crypto as the Wild West and one observer said markets are likely to see just that under new leadership in D.C.

Altcoin majors, including ether and solana, also rose sharply as U.S. markets opened on the first full week after holidays, with the broad-based CoinDesk 20 advancing 3.5% through the day.

The average realized price of 2024 buyers in bitcoin was $65,901.

For her role in the theft and laundering of around 120,000 bitcoin, Razzlekhan will receive her sentence on Nov. 18.

The traditional 60/40 portfolio that seemed to yield good returns, doesn’t seem to be the answer to this new inflationary world.

Republicans won a majority in the House of Representatives, clearing the way for comprehensive crypto legislation when Congress takes off next year.

Headline inflation year-over-year is expected to increase by 0.2% and end a six-month consecutive decline, last seen in March 2024.

The foundation has spent roughly $240 million since March 2022, and holds most of its treasury in ether, which has slid roughly 22% since the last financial report.

Analysts expect a 0.25% rate cut this week, which has historically benefited assets like BTC by diluting the dollar’s value and pushing investors towards alternative investments.