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Crypto Corner Podcast 887: Stocks discussed: (TSX: GLXY) (NasdaqCM: CLSK)

Commentary on BTC from BitBull Capital CEO Joe DiPasquale, Galaxy Bringing Market Data to Blockchains with Chainlink, and CleanSpark Announces Increased Hashrate


Vancouver, Kelowna, Delta, BC - September 27, 2022 ( Newswire), a leader in crypto and blockchain investing news brings you today's edition of the Crypto Corner podcast and commentary on what's driving cryptocurrency stocks and the crypto market.

The Investor ideas Crypto Corner was named one of 14 Best Crypto & Blockchain Podcasts for Jun 2022:

Listen to today's Crypto Corner Podcast:

Crypto Corner Podcast 887: Stocks discussed: (TSX: GLXY) (NasdaqCM: CLSK)


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Stocks discussed: (TSX:GLXY) (NasdaqCM:CLSK)

Joe DiPasquale, CEO of BitBull Capital, has provided commentary to regarding the state of Bitcoin's (BTC) price and market:

Bitcoin remained under pressure due to the macro economic environment and we maintain that below $20,000 remains a strong accumulation opportunity for mid to long term horizons.

That being said, the $18,000 level has continued to provide decent support and if BTC doesn't break down in the coming days, we could see upward movement in October with $24k and $26k being initial levels to watch.

At press time, Bitcoin is trading for approximately $19,650 USD, according to data from CoinMarketCap.

Galaxy Digital Holdings Ltd. (TSX:GLXY) has announced that it is providing crypto pricing data to blockchains through Chainlink's (LINK) oracle network. According to the press release, Chainlink "makes application programming interfaces (APIs) easily compatible, accessible, and monetizable within any blockchain," helping to distribute Galaxy's crypto pricing data "directly to applications running across various blockchains." Zane Glauber, Head of Strategic Opportunities at Galaxy, said:

"Our extensive market data, which will be available through Chainlink's blockchain-agnostic architecture, will be an important tool in enabling smart contract developers to build advanced blockchain applications. We're excited to integrate with Chainlink as part of our broader efforts to build a deep, diverse crypto ecosystem."

CleanSpark, Inc. (NasdaqCM:CLSK) has reported that its Bitcoin mining hashrate has exceeded 4 EH/s, an increase of more than 30 percent in under a month. The company expects a further increase to its hashrate of about 1.4 EH/s later this year, following the complete acquisition of its fully owned and operated mining facility in Sandersville, GA. CleanSpark's CEO, Zach Bradford, said:

"Bitcoin mining, when done with an eye toward low-carbon energy sources, can hasten the decarbonization of our economy. No other industry can do this like Bitcoin. In addition to being a technology that we believe will revolutionize our monetary system, Bitcoin is also a technology capable of revolutionizing our energy systems, making them more resilient, abundant, and clean."

Sam Mowers, Investorideas

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

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