British pound volatility, the imminent Credit Suisse liquidity crisis and the European gas situation contributed to a 3 percent gain for Bitcoin. The premier crypto has arrived at the $20 000 level again and things could go either way.
The shares of one of the widely tracked crypto funds Greyscale Investment’s bitcoin trust – a darling of institutional investors who want exposure to bitcoin without holding any – has dropped into the discount zone, and is now trading 36.2 percent below its net asset value as the institutional appetite for bitcoin slows.
Rising energy costs is squeezing bitcoin miners with the hash rate peaking at all time high levels. Big time mining firms carry fixed costs and this trend is putting pressure on profit margins.
Public miners are on shaky ground right now and a sharp decline in bitcoin price could topple many operations if revenues can’t cover debts.
Ethereum underperformed against its elite coin peers for the fourth week running.
September was a rocky month for financial markets with 8 and 9 percent respective declines in S&P 500 and Nasdaq, but gold and bitcoin have remained firm – prompting many hacks to sharpen their “digital gold” pencils.
Elsewhere in the tech sphere:
Reviewers are saying that you probably should wait before copping an Intel ARC Graphics card. Drivers are the primary force behind the caution and its a problem that the silicon giant can’t brute force its way out of.
Son of African soil Elon Musk is pushing ahead with his $44 billion Twitter purchase at 54.20 per share.
But all eyes turn to Google with the firm updating its Nest product range and many of its core apps ahead of the Pixel 7 launch event – this software scramble doesn’t divert enough attention for the thick bezels on the upcoming pixel watch, though.
Talking about android land, Xiaomi took the covers off of the 12T and 12T Pro – the latter is equipped with the 200MP Samsung ISOCELL HP1 camera sensor and is powered by the Qualcomm Snapdragon 8+ Gen 1
The 12T (non-Pro), however, opts for the Mediatek Dimensity 8100-Ultra and the 108MP HM6 camera sensor from Samsung. Interestingly that Dimensity SoC brings a superior Bluetooth radio with a 5.3 connection over the 5.2 one in the Pro model.
In the Apple world embargoes have lifted on iPhone 14 Plus reviews and it predictably has the best battery life on any iPhone. There’s only a R1200 price difference between the Plus and the Pro in South Africa, though, so you’re gonna really want to need that extra endurance to skip on Dynamic Island and the camera improvements.
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