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When Hedges Bite: How $109K Bitcoin Still Left Miners in the Red!

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Manage episode 484070407 series 3570269
Content provided by Anthony Power & Bryce McNallie, Anthony Power, and Bryce McNallie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Anthony Power & Bryce McNallie, Anthony Power, and Bryce McNallie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Bitcoin smashed through a new all-time high of $109,578 before retreating to $107,400 amid market volatility triggered by rising treasury yields above 5%.
• Bitcoin's Golden Cross (50-day and 200-day moving average intersection) signals the beginning of a potential bull run
• Bitcoin dominance hit another all-time high at 65% of total cryptocurrency market cap
• Mining stocks initially rallied with double-digit gains before reversing dramatically by afternoon
• Texas advancing legislation for a strategic Bitcoin reserve, now passed to the governor
• Bitcoin Conference Las Vegas approaching with high-profile speakers including Ross Ulbricht and JD Vance
• Riot Platforms upsized their credit facility with Coinbase to $200 million at approximately 9% interest
• Cipher Mining priced convertible notes at 1.75% interest, maturing May 2030
• High short interest in mining stocks explained by convertible arbitrage strategy from hedge funds
• Hash price improved to $56, up from $37-39 range a few months ago
• Mining difficulty increases continue to pressure production despite higher hash rates

  continue reading

Chapters

1. Bitcoin hits new all-time high (00:00:00)

2. Bitcoin dominance and market analysis (00:03:15)

3. Mining stocks' volatile performance (00:05:10)

4. Bitcoin Conference Vegas preview (00:07:20)

5. Financing strategies: Riot and Cypher (00:10:24)

6. Understanding short interest in mining stocks (00:18:20)

7. Hash price improvements and miner profits (00:21:10)

305 episodes

Artwork
iconShare
 
Manage episode 484070407 series 3570269
Content provided by Anthony Power & Bryce McNallie, Anthony Power, and Bryce McNallie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Anthony Power & Bryce McNallie, Anthony Power, and Bryce McNallie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Bitcoin smashed through a new all-time high of $109,578 before retreating to $107,400 amid market volatility triggered by rising treasury yields above 5%.
• Bitcoin's Golden Cross (50-day and 200-day moving average intersection) signals the beginning of a potential bull run
• Bitcoin dominance hit another all-time high at 65% of total cryptocurrency market cap
• Mining stocks initially rallied with double-digit gains before reversing dramatically by afternoon
• Texas advancing legislation for a strategic Bitcoin reserve, now passed to the governor
• Bitcoin Conference Las Vegas approaching with high-profile speakers including Ross Ulbricht and JD Vance
• Riot Platforms upsized their credit facility with Coinbase to $200 million at approximately 9% interest
• Cipher Mining priced convertible notes at 1.75% interest, maturing May 2030
• High short interest in mining stocks explained by convertible arbitrage strategy from hedge funds
• Hash price improved to $56, up from $37-39 range a few months ago
• Mining difficulty increases continue to pressure production despite higher hash rates

  continue reading

Chapters

1. Bitcoin hits new all-time high (00:00:00)

2. Bitcoin dominance and market analysis (00:03:15)

3. Mining stocks' volatile performance (00:05:10)

4. Bitcoin Conference Vegas preview (00:07:20)

5. Financing strategies: Riot and Cypher (00:10:24)

6. Understanding short interest in mining stocks (00:18:20)

7. Hash price improvements and miner profits (00:21:10)

305 episodes

All episodes

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