BITPRISMIA
In July, the total market capitalization of cryptoassets reached a significant milestone, with Bitcoin prices surpassing $123K, and there was progress in federal legislation for stablecoins.
Bitcoin's price experienced a decline in late morning trading on Thursday, dropping 4.2% to $118.1K.
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Riot Platforms, a Bitcoin mining company, sold 475 BTC in July while mining 484 BTC, increasing its total Bitcoin holdings to 19,287 BTC, demonstrating a strategic balance between mining and sales.
Riot Platforms reported a significant Q2 net income of $219.5 million, driven by unrealized gains on Bitcoin holdings, despite rising mining costs and a year-to-date net loss of $76.9 million.
Riot Platforms (NASDAQ:RIOT) stock dropped 6.8% in after-hours trading due to higher bitcoin mining costs and increased global network hashrate, impacting Q2 revenue expectations.
Bitcoin reaches new all-time highs amid favorable macroeconomic conditions, while Ethereum ETPs attract significant investment, impacting Bitcoin's market dominance.
Bitcoin's price increased by 0.6% to $118K, positively impacting crypto-related stocks following comments from President Donald Trump about persuading some individuals regarding long-awaited crypto bills.