Bitcoin miner GRIID makes NASDAQ debut after SPAC merger
GRIID begins trading on NASDAQ post-SPAC merger, enhancing market presence. NASDAQ debut follows a successful merger with Adit EdTech Acquisition Corp. GRIID’s listing underscores the growing integration of cryptocurrency firms into traditional markets. GRIID, a US-based Bitcoin mining company, has officially commenced trading on the NASDAQ Global Market, heralding a new chapter in its journey. […]
Nasdaq and Cboe eyeing Bitcoin ETF Options, Pullix’s PLX presale nears $4M
SEC nods propel Bitcoin ETF options trading by Nasdaq and Cboe, marking a significant leap in crypto investment avenues. Nasdaq’s BTC ETF options promise cost efficiency, advanced hedging; Analysts foresee hedge fund influx. Pullix’s PLX token presale gains traction, introducing a game-changing “Trade-to-Earn” concept, reshaping crypto engagement. Just when everyone thought that 2024 had seen […]
Bitcoin’s correlation with Nasdaq 100 shrinks to 3-year low
Bitcoin’s correlation with the Nasdaq 100 has fallen to just 3% in June, down from the overall 60% in 2022. BTC price has outperformed the stock index year-to-date and over the past year. Bitcoin price jumped to a year high last week after news of a spot Bitcoin ETF application by global asset manager BlackRock. […]
Here’s why the Nasdaq 100 and Bitcoin correlation has faded
Bitcoin price has crashed by about $6,000 from its highest point this year. Nasdaq has moved into a strong bull market because of AI. The Federal Reserve will conclude its two-day meeting on Wednesday. Nasdaq 100 and Bitcoin prices have moved in the opposite direction in the past few weeks. The tech-heavy Nasdaq 100 index […]