Bitcoin supply facing potential shortage as crypto miners amass increasing amounts of cryptocurrency.

Quick Summary:

About 24 per cent of Marathon’s shares are out on loan — a strong indicator of short interest, according to S&P Global Market Intelligence.

After the change, due to take place on Friday, global miners will share a total of 450 new bitcoins daily, down from 900, for verifying the latest transactions in bitcoin.

That optimism has been fuelled by bitcoin’s 121 per cent rise in the past six months as US regulators approved stock market funds that invest directly in bitcoin.

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Article Details

Author / Journalist: Scott Chipolina

Category: MarketsFinanceInvesting

Markets: United States

Topics: Digital Year Bitcoin Miners Market Cleanspark Share Cent Miner Financial Rise

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-18 @ 04:00:01 (2 weeks ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 727 words

Reading Time: 5 minutes read

Sentences: 24 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 20718629

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 7 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 16 hours ago

Coverage Areas: United States

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Publication Timezone: GMT -5:00

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News Language: English

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Publisher ID: #3

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