Foundry Ends Bitcoin Mining Pool Beta Phase, Adds More Institutional Clients
CEO Mike Colyer said his company wants to offer an experience "tailor-made to fit the needs of institutional mining companies."
Crypto funds are deploying newly subscribed capital, which seems to be pushing the cryptocurrency higher, one observer said.
Investors with long-term horizons seem to be accumulating cheaper coins.
Open interest in the CME's standard bitcoin futures contract has hit the lowest since mid-December.
Bitcoin could be in for a long, cool spring of modest new all-time highs followed by sudden dips.
Bitcoin is struggling to break above its current all-time high set in mid February.