Open Demo Account
Home / Market Update / Cryptocurrency / Bitcoin demand slowed in Q3 but surged in October

Bitcoin demand slowed in Q3 but surged in October

Mohamed Abdelhamid 5 November, 2021 4:37 am Cryptocurrency, Market Update

Square Inc. reported, Thursday, lower-than-expected revenue for Q3 as less volatile pricing for bitcoin has a significant impact on demand, though the company’s chief financial officer noted “strength” in volume during October.

The company posted a break-even Q3, after earning $37 million, or 7 cents a share, in the year-earlier quarter.

On an adjusted basis, Square SQ earned 37 cents a share, up from 34 cents a share a year earlier, while analysts tracked by FactSet were expecting 38 cents a share.

Tags

Check Also

Bitcoin Struggles as U.S. Trade Tariffs Loom and Rate Cut Bets Fade

Bitcoin prices steadied on Friday after a sharp reversal of recent gains, as traders focused …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends