Rising Mining Difficulty Squeezes Profits for Bitcoin Miners Bitcoin miners experienced a sharp drop in revenue in August 2024, their lowest earnings since September 2023. Data from Bitbo revealed that miners generated $827.56 million last month, a significant decrease from July’s $927.35…
45% of Bitcoin Supply Unmoved for 6 Months New research from Glassnode has highlighted a significant trend in the behavior of Bitcoin holders. According to their latest data, 45% of the total Bitcoin supply has remained inactive for at least six months….
Bernstein Group observes a steady growth in Bitcoin adoption among institutional clients amid the turbulent crypto market. As Bitcoin and Ethereum plummet further, investors rush to exit the risky assets. The market crash catalyzed by the looming global recession called for experts’…
On-chain data shows that the US government moved $2 billion of Bitcoin seized from the Silk Road saga to an unmarked digital wallet. On Monday, the US government transferred over $2 billion of BTC seized from the dark web marketplace Silk Road….
Blockchain analytic firm Arkham Intelligence confirms that the US has moved millions of seized Bitcoin to crypto exchanges. As Bitcoin’s price breached the $66K resistance level, the king coin is expected to face considerable selling pressure after the US government moved millions…
The German government has moved another 1000 BTC to three exchanges amid the Bitcoin sell-off chaos. Since mid-June, the crypto market has witnessed the toughest spell following the German government’s BTC sell-off. Despite the market turbulence, the German government seems not to…
Following the resurgence of the crypto bulls, key industry players have issued predictions about the price movement of Bitcoin. Even though some of the predictions turn out to be the opposite, the co-founder of Twitter, Jack Dorsey, remains optimistic that Bitcoin price…
Unlike traditional assets, Bitcoin’s value isn’t anchored in physical properties or institutional backing, challenging investors to seek innovative models for its appraisal. This exploration delves into three prominent approaches to understanding Bitcoin’s worth: comparison with gold’s market cap, stock-to-flow models, and analysis…
The cryptocurrency world, especially Bitcoin, is one where sentiment significantly influences market dynamics. With Bitcoin’s value plummeting by more than 50% from its May 2021 all-time highs, the crypto community is abuzz with speculations of entering a bear market, characterized by declining…
As crypto assets establish strong recovery days ahead of the 2024 Bitcoin halving, the key industry players are optimistic that their investment will generate considerable gains. The strong upward trajectory of Bitcoin demonstrates that the entire BTC ecosystem will blossom. A statement…
In its February 28 update, the famous crypto exchange in Hong Kong, Hashkey, secured a major payment license (MPI) in Singapore. The approval of the Hashkey license demonstrated the company’s commitment to comply with the regulatory requirements. News concerning the approval of…
On January 9, the crypto community condemned the US Securities and Exchange Commission (SEC) for misleading the investors after the hackers exploited their X account. In the tweet, the hackers claimed that the SEC had approved the Bitcoin ETFs. The tweet created…
Bitcoin has grown rather quickly in December, reaching a high of over $45,000 for the first time since 2022. This generated momentum for the general market, causing altcoins to also pump, reaching remarkable recovery. The rally has cooled down since and Bitcoin…
In readiness for the fourth Bitcoin halving, crypto firms are exploring ways to maximize their profits before April 2024, when the reward for mining BTC will be reduced by half. The attempt to solve the complex puzzle revolving around the upcoming Bitcoin…
As the countdown to April 2024 Bitcoin halving begins, critical players in the crypto sector forecast that the demand for BTC will double down. Michael Saylor, the co-founder of MicroStrategy, anticipates that BTC will increase by ten times before the end of…
The crypto market has experienced a slight bounce with Bitcoin leading the way. The top cryptocurrency jumped to over $27,000 in the last 24 hours, gaining 2.42%. Other top cryptocurrencies have also bounced slightly as a result. This represents a break out…
Bitcoin has been trading sideways for days after crashing below $26,000 for the first time since March. This has led to a general crash in the crypto market as altcoins follow Bitcoin’s trends. As a result, many investors have become pessimistic. It…
In a wide-ranging interview with CNBC titled Squawk Box, the head of research at Fundstrat, Tom Lee, projected that approving the pending Bitcoin spot exchange-traded funds (ETFs) application will trigger the Bitcoin prices to garner bullish momentum. The analyst anticipates that the…
For a while, Bitcoin (BTC) has not been able to experience a bullish run. The trading price of Bitcoin has continued experiencing a downtrend and even the relief rally was not good enough to push its price. Despite the efforts, the bulls…
The trading prices of cryptocurrencies have started to show a recovery today. However, the cryptocurrency industry is eager to know exactly how long would the recovery last. The main question of the day is whether the future of FTX is secure or…
