When Hedges Bite: How $109K Bitcoin Still Left Miners in the Red!

21/05/2025 22 min Temporada 1 Episodio 299
When Hedges Bite: How $109K Bitcoin Still Left Miners in the Red!

Listen "When Hedges Bite: How $109K Bitcoin Still Left Miners in the Red!"

Episode Synopsis

Bitcoin smashed through a new all-time high of $109,578 before retreating to $107,400 amid market volatility triggered by rising treasury yields above 5%.• Bitcoin's Golden Cross (50-day and 200-day moving average intersection) signals the beginning of a potential bull run• Bitcoin dominance hit another all-time high at 65% of total cryptocurrency market cap• Mining stocks initially rallied with double-digit gains before reversing dramatically by afternoon• Texas advancing legislation for a strategic Bitcoin reserve, now passed to the governor• Bitcoin Conference Las Vegas approaching with high-profile speakers including Ross Ulbricht and JD Vance• Riot Platforms upsized their credit facility with Coinbase to $200 million at approximately 9% interest• Cipher Mining priced convertible notes at 1.75% interest, maturing May 2030• High short interest in mining stocks explained by convertible arbitrage strategy from hedge funds• Hash price improved to $56, up from $37-39 range a few months ago• Mining difficulty increases continue to pressure production despite higher hash ratesAnthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email - [email protected]

More episodes of the podcast Power Mining Analysis