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When Hedges Bite: How $109K Bitcoin Still Left Miners in the Red!
Manage episode 484070407 series 3570269
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
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
Manage episode 484070407 series 3570269
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
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
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