Turns out, even with stacks upon stacks of ASICs and GPUs, all linked up and pumping away with the use of abundant hydro and nuclear power, huge mining initiatives, such as the Hut 8 Mining Corp , seem to be taking losses. While that might sound like a win for Hut 8, let’s wind the […]
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However, if it breaks the upper level, it will face a strong resistance of $37K. On the weekly chart, it is clear that $29K is an important level, and if it breaks, we can say that Bitcoin is in a bear’s grip. It is a good time for accumulation so that if BTC goes down, […]
An eternity of selling volume in April only occurred during the trading hours of a certain group of traders and investors. markets opening, Bitcoin and other digital assets are seeing a spike in the selling volume, which can be used by retail traders to exit their positions or find better entries. As for Bitcoin’s current position on the […]
As the crypto winter creeps into June, the first signs of a thaw are emerging. Many people will also think twice before piling into the market again, having been mightily clobbered as crypto was buffeted by worries over global monetary tightening and rising inflation. The assets under management of several bitcoin-futures ETFs have risen in […]
Many people will also think twice before piling into the market again, having been mightily clobbered as crypto was buffeted by worries over global monetary tightening and rising inflation. The assets under management of several bitcoin-futures ETFs have risen in the past week, according to Kraken Intelligence. Reuters, the news and media division of Thomson […]
“Equally, the low could already have been put in. …Read the full story
The Commercial Bank of Ethiopia released a statement that bitcoin was already being used by individuals for purchasing commercial products and services. In April, it was reported that Ethiopia was suffering 36% year-over-year inflation rate. …Read the full story
Cryptocurrency Price Today: Bitcoin, Ethereum and almost all other major crypto coins on Tuesday, June 7, wiped of their previous day’s gains to nosedive into the red zone again as they tracked major losses. These can potentially imply that there are more people HODLing and looking to accumulate crypto, likely using BTC as a store […]
Bitcoin was last seen trading at around $29.5K, down 5% for the day. This is mostly owing to the slightly more negative conditions of altcoins, as well as the apparent lack of or loss of enthusiasm in investing in cryptocurrencies from Asian retail markets. …Read the full story
This is the longest ever sequence in which the lead crypto has closed out each week at a lower price than the week before. Today, Bitcoin held its head above $31,000 and was trading at about 5% more than the day before. Crypto investors who’ve seen the value of their portfolios drop significantly this year […]
Not much of a reaction, melted through it, so this level is now likely to act as resistance. Discussing BTC price action further, he argued that “major” trendlines remained intact on BTC/USD, even given May’s dip to $23,800. …Read the full story
The bull market euphoria that carried prices to new highs throughout 2021 has given way to bear market doldrums for any Bitcoin buyer who made a purchase since Jan. Historical data shows that the metric has declined into the sub-0.5 zone during the late stages of previous bear markets, which has yet to occur during […]
The world’s largest cryptocurrency, Bitcoin, price today was down by 5.59 per cent to $29,509.23. “Bitcoin dipped to US$29,000 in the past 24 hours after witnessing nearly 4 per cent growth on Sunday. …Read the full story
According to crypto data platform Coin Metrics, the value of Bitcoin earned by miners and sent to exchanges almost doubled in May to a local high of approximately $400 million. Increased outflows often indicate that miners are moving their coins to exchanges in order to sell them, but are not a direct measure of miners […]
