2024-9-7 14:59 |
Total crypto market cap was $2.02 trillion at the end of August, a 24% decline from this year's peak of $2.67 trillion in March, the report said.
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Coinbase Q3 earnings preview
The launch of options on spot bitcoin exchange-traded funds will reduce the incentives to hold MicroStrategy stock over BTC ETFs, the report said.
Stablecoins have emerged as the main use-case for blockchains, especially for cross-border payments, the report said.
The network hashrate has risen 4% so far this month, while the hashprice is up less than 1%, the report said.
Defying typical September trends, bitcoin's resilience hints at a potential breakout from its prolonged downtrend.
The Wall Street bank updated its models and price targets for the miners to account for second quarter results and changes in the price of bitcoin and the network hashrate.