The S&P 500 Index (SPX) fell 3.05% last week as hopes for a handful of interest rate cuts by the United States Federal Reserve dwindled due to elevated inflation readings. In comparison, Bitcoin declined just 1.1% last week, indicating strength. Capriole Investments founder Charles Edwards said in a X post that Bitcoin’s raw electricity cost per mined block is $77,400. He added that Bitcoin’s price remains below the “electrical cost” for only about a couple of days every four years, which means that Bitcoin is “trading at a DEEP DISCOUNT.” Bitcoin is likely to remain volatile in the next few days as the bulls and the ... (full story)