As July unfolded, Bitcoin’s mining returns nudged upward by 2%, coinciding with a notable 7% ascent in the cryptocurrency’s price and a 5% climb in the network hashrate, according to a Friday research brief released by investment bank Jefferies. Jonathan Petersen, the report’s analyst, highlighted that “the bullish BTC price trend spells good news for…
Tag: Cryptocurrency
Crypto Surge Fuels Robinhood’s Earnings Rally, Analysts Lift Price Targets
In early trading on Thursday, Robinhood (HOOD) shares saw a notable leap after the trading platform unveiled fourth-quarter earnings that outpaced Wall Street’s predictions, largely thanks to a remarkable upswing in cryptocurrency-related income. Wall Street giant JPMorgan (JPM) highlighted in its Wednesday research note that the firm pulled in an impressive $358 million from crypto…