Bitfarms agrees to buy Stronghold Digital for $175M in stock and debt

Bitfarms to acquire Stronghold Digital for $175M in stock and assumed debt. Bitfarms’ stock fell 8%, while Stronghold’s rose 60% following the news. Riot Platforms, holding 19% of Bitfarms, previously attempted a takeover in June. In a significant development within the cryptocurrency mining sector, Bitfarms (BITF), a leading Bitcoin mining company, has announced its acquisition […]

Why is the crypto market up today? Imminent debt ceiling vote boosts the market

Key takeaways The cryptocurrency market is up by more than 2% today after underperforming for the best part of May. Bitcoin topped the $28k mark for the first time this month. The rally comes as President Biden and the House leadership reached an agreement on the debt ceiling. Crypto Market Cap Reaches $1.16 Trillion The […]

LTC, ARB and MATIC price outlook amid US debt limit deal

LTC bulls need to break above $93, a key hurdle below the psychological level of $100. MATIC must reclaim $1 to target the $1.30-$1.50 range, or risk dip to $0.75. Elsewhere, ARB is near a key resistance level as Arbitrum price jumps 3.9% amid the market’s reaction to US debt ceiling news. The US has […]