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Riot Blockchain, Inc. (RIOT)
| Previous close | 11.24 |
| Open | 11.10 |
| Bid | 12.02 x 6100 |
| Ask | 12.07 x 100 |
| Day's range | 11.04 - 12.14 |
| 52-week range | 7.80 - 20.65 |
| Volume | |
| Avg. volume | 24,330,575 |
| Market cap | 3.059B |
| Beta (5Y monthly) | 4.18 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -0.28 |
| Earnings date | 08 May 2024 - 13 May 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 12 Oct 2017 |
| 1y target est | 19.88 |
CoinDeskBitcoin Miners Reap Windfall as 'Runes' Debut Sends Transaction Fees to Record Highs
The Bitcoin "halving" was supposed to dramatically chop revenue of bitcoin mining companies. Instead, the simultaneous launch of Casey Rodarmor's Runes protocol has ignited a flurry activity on the oldest and largest blockchain, driving up fees.
- Yahoo Finance Video
Bitcoin halving: How will crypto miners be affected?
Investors are anticipating the bitcoin (BTC-USD) halving event in the near future, as soon as this weekend. The price of bitcoin has retreated from its recent highs and is currently trading above $64,000 as of Friday. During this event, the reward for mining new bitcoin blocks is cut in half, slowing down the rate at which new bitcoins are introduced into circulation. Yahoo Finance's Julie Hyman and Madison Mills break down the details, providing insights into the implications for bitcoin miners' profit margins. Want to learn more about the bitcoin halving? Watch this video from Yahoo Finance for a quick explainer: Bitcoin halving: Explained For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
- Yahoo Finance Video
Bitcoin halving could set up cryptocurrency for long-term gains
Bitcoin's (BTC-USD) halving event is expected to occur over this weekend, either Friday, April 19 or Saturday, April 20. The halving event operates to reduce the number of available bitcoins in circulation once every four years, ultimately controlling inflation within the cryptocurrency. CoinFund Co-Founder and CIO Alex Felix and BitGo Managing Director and Head of the Go Network Matt Ballensweig join Market Domination to discuss bitcoin's long-term price trajectory. Ballensweig considers the halving a "non-event" for the short-term scope of bitcoin, advising traders to "stick to the basics" when managing crypto-adjacent stocks like bitcoin miners. Felix believes bitcoin could ascend to anywhere between $150,000 to $200,000 over the next couple years based on price progressions following past halvings. Want to learn more about the bitcoin halving? Watch this video from Yahoo Finance for a quick explainer: Bitcoin halving: Explained For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
