Chinese Mining Facilities Face Shutdown as Texas Continues to Impress

Bitcoin short sellers are going to go gaga after reading this

The king of cryptocurrency, Bitcoin [BTC], suffered a massive plunge in its price in June when the crypto market crashed, marking 2022 lowest of $18,154. However, soon after, the coin gained a steady uptrend for the next two months. BTC also managed to cross the $24,000 mark, giving hope for a massive bull run soon. […]

Bearish BTC circulation divergence and everything to know this week

Bitcoin [BTC] continues to surprise investors with new movements every day as the coin has been hovering near the $25K mark. The most interesting movement seen in BTC is the drawdown in the coin’s circulation lately. According to data from Santiment, the king coin followed a healthy circulation rate from October 2021 running into June […]

Bitcoin: What you should learn from BTC’s new ownership trends

Bitcoin has been experiencing a change in holding maturity among owners in recent months. This is further reflected in a significant transfer of wealth with long-term holders capitulating their holdings. A subsequent accumulation has taken place which puts Bitcoin in the hand of low-cost basis owners. A tale about Bitcoin Following the Luna collapse in […]

Bitcoin Regains $25,000 since June, Bearish Tone Remains

The largest cryptocurrency, bitcoin, regained $25,000 since June, with data on Bitstamp’s exchange hitting $25,050, the highest level since June 13. (Read More)

Bitcoin [BTC]: Watch out for these bull run signs the next time you check the charts

Bitcoin [BTC] is feeling the heat of the rebound again after narrowly breaching its $25k resistance level over the last 24 hours. At the time of writing, the crypto was trading at $24,750 on the back of a 0.75% daily hike. In fact, it also looked set to end the week on a positive note […]

Identifying what’s really in store for Bitcoin miners right now

As the crypto-winter severely affected the price of all cryptocurrencies, the mining industry also suffered a great loss. Bitcoin miners struggled to generate a profit over the last few months thanks to the same. In fact, soaring electricity prices across the globe were also to blame for this situation. However, Glassnode’s latest datasets seem to […]

Bitcoin: Stacking sats in your portfolio? Expect this in coming months

Over the past few months, the crypto market witnessed a severe downfall, marking the year’s lowest in mid-June. The king of all cryptos’ Bitcoin, also could not evade the effects of the crash and touched its 2022 low of $17,700 on 20 June. However, since the last negative growth, BTC has gained an uptrend and […]

Long-Term Holders and Derivative Market Traders See Opportunity with the Current Bitcoin Price

Bitcoin trading above the 50-day simple moving average is a bullish indicator for the bitcoin price and many long-term holders are taking note. (Read More)

Bitcoin Makes Two Back-to-Back Weekly Closes Above 200-Week MA

Bitcoin has closed above the 200-week moving average (WMA) for two consecutive weeks, according to market analyst Ali Martinez. (Read More)

Bitcoin: Analysts’ take on where BTC could go next

The king coin of cryptocurrencies continues to divide opinions among skeptics with its latest movement. After rejecting the $24.2K resistance, BTC prices have crashed below $23,450 at press time according to CoinMarketCap. This rejection has raised many eyebrows in the community since market conditions have improved of late. Galaxy Digital CEO Mike Novogratz recently told […]

Ethereum [ETH] notes unprecedented hike, thanks to its…

The trading session on 8 August was an interesting one for ETH HODLers as the price of the leading altcoin jumped above $1,800 for the first time in two months, data from Santiment revealed. In the last 30 days, the ETH network has seen over 546,000 active addresses trading the coin daily. Santiment showed this […]

Weekly crypto asset flow has these profit-making statistics

Inflows into digital asset investment products totaled $3 million last week, bringing the sixth consecutive week of inflows to a total of $529 million, CoinShares found in a newly published report. Last week’s inflow represented a 96% decline from the $81 million recorded in inflows the previous week. Inflows into digital asset investment products totaled […]

Bit Digital mined 111% more bitcoin in July over June

Bitcoin and ethereum mined Dit Digital mined 142.5 BTC in July — a 110.8% increase from June. The post Bit Digital mined 111% more bitcoin in July over June appeared first on The Block.

Hut 8 Mining Corp Generated 330 BTC in July, Becoming one of the Largest BTC Holders

North American publicly traded cryptocurrency mining company Hut 8 Mining Corp has announced its July 2022 operational update. (Read More)

What to expect when you’re expecting if you’re a BNB holder

With a rising wedge forming on the daily chart, holders of  BNB should know that the fifth-largest cryptocurrency is set to embark on a bear run. After a 6% price rally over the last seven days, BNB is the only coin among the top five cryptocurrencies to register any gains. Over the aforementioned period, Bitcoin […]

The true scope of APE & MANA’s correlation with Bitcoin for investors

With bullish momentum starting to wane across the cryptocurrency market, analysts hold varying views on whether the bear run in June brought in the bottom or not. With the total cryptocurrency market capitalization pegged at $1.064 trillion at the time of writing, a mere 1% growth has been logged by all crypto-assets this week. On […]

Bitcoin LTHs continue to sell in losses, all despite…

Bitcoin has seen wide-ranging fluctuations in 2022 as it dropped massively during this bear market. One aspect that has appreciated in significance lately is the sentiment of long-term holders. The selling pressure on LTHs has reduced as prices rallied throughout July above their average cost basis – $22.6k. However, despite the lowering of financial constraints, […]

Will it or will it not? How well can Bitcoin [BTC] resist the selling pressure

Over the last few weeks, Bitcoin [BTC] has maintained a solid position over shorts. In fact, this strength was enough to send BTC to $24,000 and keep it above $20,000 for most of July. Things might have, however, taken a new turn. CryptoQuant analyst Ghoddusifar believes that BTC’s price could decrease because of the selling […]

Will Bitcoin [BTC] along with Ethereum [ETH] 5x this month

Following the long and painful cryptocurrency market downturn in April and June that sent the king coin, Bitcoin, and the leading altcoin, Ethereum chasing terrifying lows, the bulls regained their strength in July. With its price still a far cry from its November 2021 all-time high, Bitcoin grew by over 18% within the 31-day period. […]

Bitcoin Shark, Whale Addresses Have Been Surging Since Mid-June

As Bitcoin continues hovering around the $23,000 level, shark and whale addresses have been experiencing a leg up since mid-June. (Read More)