Hersha Hospitality Trust (HT), a resort and hotel chain, announced a Monday, that it has signed a definitive merger agreement where affiliates of investment company KSL Capital Partners, LLC will acquire all outstanding shares of Hersha for around $1.4 billion. Under the terms of the agreement, Hersha shareholders will receive […]

Bitcoin (BTC) has been stuck below $29K for nearly three weeks, reaching historic levels for low volatility, but despite stunted price activity, bulls are bracing for a field day. On August 15, BTC lost 0.33% of its value to settle at $29,300, with on-chain data indicating several reasons for the […]

Bitcoin price has been trading sideways in the past weeks, significantly declining from the $29,000 support. This bearish pattern spread panic among traders but has not deterred miners. Instead, Bitcoin mining participants appear to have increased. This is evident in the increased mining difficulty, which soared to a new record high. […]

Market sentiment was dampened amidst a steep contraction in composite PMI readings in U.K. and Eurozone. Anxiety ahead of the central bankers meeting at Jackson Hole also played spoilsport. Wall Street Futures are trading with mild gains. European benchmarks are trading mostly negative. Asian stock markets finished on a mostly […]

Fred Thiel, Chairman and CEO at Marathon Digital Holdings (NASDAQ: MARA), expressed his optimism in a recent interview with Decrypt regarding the potential approval of a spot Bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC). Here’s a breakdown of what Thiel shared with Decrypt: Thiel’s Optimism […]

Tom Lee, co-founder of research firm Fundstrat Global Advisors, has expressed his belief that the approval of a Spot Bitcoin Exchange-Traded Fund (ETF) could significantly impact the price of Bitcoin. In a Wednesday interview with CNBC, Lee suggested that if a Spot Bitcoin ETF were to be approved within the […]

Long-term holders are regarded as some of the most stable hands in the cryptocurrency market. These crypto holders are less likely to sell their holdings and more likely to continue accumulating. In the Bitcoin market, long-term holders appear to have the upper hand now.  According to data from Glassnode, a […]

Cryptocurrencies slipped 1.66 percent in the past 24 hours as the minutes of the recent FOMC revealed a Fed, preoccupied with the upside risks to inflation. The Fed minutes lifted expectations of a rate hike by the Fed and the CME FedWatch tool currently shows a 13.5 percent probability for […]

Coinbase, a prominent figure in the cryptocurrency exchange landscape, has achieved a significant milestone in its quest to offer a broader spectrum of financial products to its U.S. clientele. The company has announced that its subsidiary, Coinbase Financial Markets Inc., has been approved by the Commodity Futures Trading Commission (CFTC) […]

Mark Yusko, the CEO and Founder of $2 billion investment firm Morgan Creek Capital Management, has boldly predicted that the price of Bitcoin could hit six figures within a year. Making the forecast during a recent interview with Kitco News, Yusko discussed various aspects of the cryptocurrency market, including the […]