Alcoa plans to sell its dormant Massena East aluminum smelter in New York to NYDIG, a bitcoin mining firm. Negotiations are advanced, with a deal expected by mid-2025. The site has been inactive since 2014 due to high costs and global competition, but its infrastructure may now support crypto mining operations.
Michael Saylor has hinted at increasing Bitcoin purchases following the announcement of semi-monthly dividends. The MicroStrategy CEO, known for his bullish stance on Bitcoin, suggested plans for larger acquisitions, signaling continued institutional interest. The timing and amounts of future buys remain unspecified, but Saylor’s comments indicate a sustained commitment to Bitcoin accumulation.
Bitcoin hit over $78,000, its highest in two months, after Iran announced the Strait of Hormuz was open and US-Iran peace talks advanced. The geopolitical developments boosted Bitcoin’s price, reflecting its safe-haven appeal amid regional tensions. The rally indicates growing investor confidence in Bitcoin as a hedge against geopolitical risks.
Bitcoin's price outlook has improved following Iran's ceasefire and softer US CPI data, which may boost its appeal as a hedge against geopolitical and economic uncertainties. These developments could lead to increased investment and market volatility. The article highlights how geopolitical shifts and economic data are influencing Bitcoin's market sentiment, though no specific price targets or amounts are mentioned.
Bitcoin is rallying ahead of the upcoming flagship conference in Las Vegas, following a 50% decline and partial recovery. Traders are now monitoring whether the event will lead to another short-term peak for the cryptocurrency. Historically, such gains have been fleeting, raising questions about the sustainability of Bitcoin's recent price movements.
Bitcoin closed the week with gains despite geopolitical tensions between the US and Iran. A trader predicts BTC will surpass last week's local highs, signaling potential new highs for the cryptocurrency. The positive weekly close indicates resilience in Bitcoin's price action amid ongoing geopolitical uncertainties. No specific price targets or amounts were mentioned in the report.
Coinbase now offers UK users USDC loans up to $5 million, collateralized by bitcoin, ether, and cbETH via Morpho on Base. This expansion enhances crypto lending options in the UK, reflecting Coinbase's growing DeFi services. The move aims to increase liquidity and borrowing capacity for users, strengthening Coinbase's position in crypto finance.
