The cryptocurrency market had a solid 2023 and the rally is continuing this year. On Mar 14, the largest cryptocurrency, Bitcoin (BTC), recorded an all-time high of 73,750.07. However, it has fallen more than 6.6% thereafter. Even then, Bitcoin has gained more than 67% in the first quarter after jumping 157% in 2023.Moreover, the next Bitcoin halving is expected to occur in the third week of April 2024. When this occurs, the reward for mining new blocks is halved, making it more challenging for miners to ea ...

The Company mined 806 bitcoin in March, up 24% from February; total bitcoin holdings now at 5,021 LAS VEGAS, April 1, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today released its unaudited bitcoin mining and operations update for the month ending March 31, 2024. "March results were the pay-off for our hard work and tremendous growth over the last few months as it was the first full month with the Sandersville expansion and our newly acquired sites in Mississippi online, ...

Insider stock trades always raise suspicions among regular shareholders, but when they occur just before announcements that only insiders would know about, the impact on stock prices can be significant. For example, CleanSpark (NASDAQ: CLSK) recently announced an $800 million stock offering, leading to a 20% dilution of the company’s value and causing CLSK shares to plummet by 10% in after-hours trading.To make matters worse, Chair Matt Schultz sold 367,000 CLSK shares, totaling $8.5 million, on March 27. I ...

The cryptocurrency market had a solid 2023 and the rally continues this year. On Mar 14, the largest cryptocurrency, Bitcoin (BTC), recorded an all-time high of 73,750.07. However, it has fallen more than 17.5% in less than a week and traded at $66,982.84 on Mar 21. Bitcoin rallied more than 7% on Mar 21 after the Fed reassured three interest rate cuts of 25 basis points each in 2024.A low interest rate regime is beneficial for high-growth stocks like technology, consumer discretionary and cryptocurrency. B ...

In 2023, Bitcoin (BTC -0.32%) mining stocks were some of the best investments that you could make. Fueled by a skyrocketing price for the cryptocurrency, the largest miners -- such as Riot Platforms (RIOT -2.98%) and Marathon Digital Holdings (MARA -0.46%) -- recorded triple-digit percentage gains. The higher Bitcoin's price went, the more money these miners made, and the more attractive they became as investments.So, with the crypto rallying yet again this year, are Bitcoin mining stocks still a buy? To an ...

The cryptocurrency market had a solid 2023 and the rally gathered steam this year, with Bitcoin (BTC) hitting an all-time high earlier this month. Bitcoin, the world’s most popular cryptocurrency, hit an all-time high of $73,083 on Mar 13.However, it has fallen more than 10% in less than a week and traded at $67,304 on Mar 15. The sudden decline has raised concerns among investors but the dop is temporary as Bitcoin still has several upsides.The recent decline can be attributed to profit booking and the lat ...

On Mar 11, the largest crypto-currency Bitcoin (BTC) achieved a milestone trading above 72,000 for the first time. Bitcoin recorded its all-time high at 72,841.37. The cryptocurrency market started 2024 on a positive note after an impressive rally last year.The much-hyped reformation in the cryptocurrency space took place on Jan 10. The U.S. Securities and Exchange Commission (SEC) approved rule changes to allow the creation of spot Bitcoin exchange-traded funds (ETFs). As many as 11 spot Bitcoin ETFs were ...

CleanSpark Inc (NASDAQ: CLSK) has close to tripled already since its year-to-date low in January but technicals suggest the stock could push further up from here.Technical indicators that suggest buying $CLSKCopy link to sectionShares of the Bitcoin miner may extend gains as its Stochastic Oscillator pulled out of the oversold zone on Monday. Such a move is broadly seen as a bullish signal. $CLSK also had its 10-day moving average recently cross above its 50-day moving average which also suggests upward mom ...

There’s no stopping the Bitcoin (BTC) rally as the world’s most popular cryptocurrency topped the $70,000 mark for the first time on Mar 8 to hit an all-time high. Although it remained above $70,000 briefly before hovering around $69,350, Bitcoin has maintained its all-time high and is poised to rally further.The recent rally is being driven by a surge in demand for spot bitcoin exchange-traded funds (ETFs) and optimism surrounding the likely drop in interest rates globally in the near term.The approval of ...

CleanSpark (CLSK) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, CLSK broke through the 20-day moving average, which suggests a short-term bullish trend.The 20-day simple moving average is a popular trading tool. It provides a look back at a stock's price over a 20-day period, and is beneficial to short-term traders since it smooths out price fluctuations and provides more trend reversal signals than longer-term moving averages.Similar to ...