2 hours ago
Marathon Digital Holdings (NASDAQ: MARA) appears to person taken vantage of Friday's market turmoil to load up connected bitcoin (BTC), according to information curated by Arkham Intelligence.
Marathon Digital Holdings, which holds astir 52,850 BTC (worth astir $6.06 billion), purchased an further 400 BTC valued astatine astir $45.9 cardinal done FalconX aboriginal Monday, according to Arkham Intelligence information tracked by blockchain sleuth Lookonchain.
MARA's determination suggests that corporates and miners are erstwhile again accumulating BTC into volatility, akin to the patterns seen successful anterior marketplace resets. The miner produced 218 blocks successful September, a 5% summation implicit August, arsenic planetary hashrate grew 9% month-over-month to an mean of 1,031 EH/s.
CoinDesk reached retired to MARA for authoritative confirmation.
Bitcoin plunged astir 13% wrong an hr connected Friday aft renewed U.S.–China tariff threats sparked a planetary risk-off wave, wiping retired astir $65 cardinal successful unfastened interest, though immoderate marketplace stakeholders suggest the existent culprit successful the crash was Binance, with interior errors causing assets to de-peg.
At the clip of writing, bitcoin traded adjacent $114,800, up astir 3% successful the past 24 hours arsenic trade-war tensions easiness betwixt Washington and Beijing.
BTC’s nonaccomplishment to prolong gains supra the semipermanent absorption trendline from the 2017 and 2021 highs could unfastened the doorway to a retest of $100,000, according to CoinDesk analysts.
English (US) 