2015 – DIGIT INFO

BTC Wraps up 13 Consecutive Years of Recorded Market Value, With No Santa Rally in 2022

DIGIT — Sun, 25 Dec 2022 16:30:49 +0000

By the end of this year bitcoin will have 13 consecutive years of recorded market value under its belt. Seven of those years saw Santa rallies all the way up until New Year’s Eve, and five of the 13 years saw bearish returns from Dec. 1 to Dec. 31. There’s still six more days left […]

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Historical Bitcoin Price Trends Are Traditionally Bearish in September, While BTC Market Revivals Follow in October

DIGIT — Sat, 17 Sep 2022 17:30:49 +0000

Half of September has passed and bitcoin traders are curious about where the price is headed next, as September is traditionally a bearish month for crypto prices. Furthermore, October is known to be a bullish month as bitcoin has been profitable in October more than 77% of the time. Data shows the leading crypto asset’s […]

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The PoW Dominance Purge — Only 6 Crypto Assets out of the Top 50 Market Caps Use Proof-of-Work

DIGIT — Fri, 16 Sep 2022 16:30:28 +0000

At the time of writing, only one coin in the top ten crypto assets by market capitalization is a proof-of-work (PoW) token and out of the top 20, there are only three tokens that leverage a PoW consensus mechanism. Moreover, out of 50 of the largest crypto coins by valuation, only six use PoW and […]

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Top 10 PoW Dominance Evaporates 9 Years Later, Only Two Proof-of-Work Coins Will Remain After The Merge

DIGIT — Fri, 19 Aug 2022 23:30:20 +0000

The crypto community is patiently waiting for the highly anticipated Ethereum network upgrade from proof-of-work (PoW) to proof-of-stake (PoS) as The Merge is expected to happen 27 days from now. After Ethereum transitions from PoW to PoS, only two crypto assets in the top ten market cap rankings will be PoW tokens, which is a […]

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The Miner Capitulation Number: A Look at When Bitcoin’s Price Crashed Below the Cost of Production

DIGIT — Mon, 07 Feb 2022 14:30:53 +0000

Over the last 30 days, Bitcoin’s hashrate has been coasting along at the highest levels ever recorded during the network’s lifetime. Bitcoin’s price improved recently but it is still down 38% from the crypto asset’s high, making bitcoin less profitable to mine. However, bitcoin mining is still profitable, in contrast to ten years ago, when […]

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Bitcoin’s Bearish Prices at the End of 2021 Not Much Different Than 8 Previous Year-End Cycles

DIGIT — Mon, 20 Dec 2021 18:30:30 +0000

The price of bitcoin is down more than 33% from the crypto asset’s all-time high captured about a month ago on November 10. A while back, people expected the price of bitcoin to be extremely bullish during the months of November and December, and many expected a $100K bitcoin price by the year’s end. However, […]

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October’s Historical Bitcoin Price Trend Extends Hope for a Renewed Bull Run to End the Year

DIGIT — Sat, 02 Oct 2021 13:30:49 +0000

Bitcoin logged price losses once again for the crypto asset’s fifth consecutive September in its lifetime, but as soon as the month ended, billions of dollars came back into the crypto economy. Metrics show that while September has consistently been a bad month for bitcoin, October, on the other hand, has traditionally been a good […]

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Can Bitcoin Break Historical September Price Trends? Spike Above $51K Suggests 2021’s 9th Month Is Different

DIGIT — Sun, 05 Sep 2021 22:01:16 +0000

The price of bitcoin has risen above the $51K zone on Sunday and traders and speculators are curious as to where the price is headed next. Historically, in September, bitcoin prices don’t fare so well and usually get better in October. For this reason, skeptics are not sure if bitcoin’s price will continue to be […]

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This early Bitcoiner sold BTC on eBay for a 100% markup in 2015

DIGIT — Sat, 29 Aug 2020 16:00:00 +0000

Another story that helped pave Bitcoin’s early road to adoption.

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Bitcoin’s Big Price Drop Is the Latest in a Long History of Flash Crashes

DIGIT — Fri, 28 Jun 2019 17:20:43 +0000

On Wednesday, June 26, the price of BTC came close to reaching $14K. One hour later, it had dropped by close to 18%. Such events are known as a flash crash, a moment in time where a rapid-sell off happens and often times a few exchanges become inoperable. Over the last few years, especially when […]

The post Bitcoin’s Big Price Drop Is the Latest in a Long History of Flash Crashes appeared first on Bitcoin News.

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