Bitcoin hashprice slump echoes March 2020 BTC price launch zone
Bitcoin hashprice, when compared to BTC price action, is reminiscent of conditions that preceded the 2020 breakout to new all-time highs. Go to Source
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Mt. Gox and US gov’t could introduce $14b Bitcoin selling pressure
Bitcoin’s crabwalk could extend into September, as Mt. Gox and the US government threaten to add nearly $15 billion worth of additional selling pressure. Go to Source
Solo miner wins $200K Bitcoin lottery with just 0.012% of hashrate
A solo Bitcoin miner operating as part of the Solo CK pool solved a block with just 0.012% of the average hashrate. Go to Source
It’s time to ditch Bitcoin Power Law Theory
The Bitcoin Power Law Theory relies purely on mathematics. It doesn’t account for the human nature of how Bitcoin is traded. Go to Source
Cboe files amended applications to list Bitcoin, Ethereum options in US
The applications cover ETFs from issuers including Grayscale, iShares, and Fidelity. Go to Source
Bitcoin Market Reaches ‘Equilibrium’ as Speculation Declines, Glassnode Reports
The bitcoin market has hit a phase of tranquility, where investor enthusiasm has cooled, and speculative activity has sharply decreased. According to a thorough report from Glassnode, this quiet spell might be setting the stage for an uptick in market volatility. Glassnode Analysis Shows Bitcoin Market Entering a Tranquil Phase Amid Decline in Speculative Activity … Read more
Bitcoin ETFs Lose $105M in Outflows as Ether ETFs Snap Losing Streak
On Wednesday, spot bitcoin exchange-traded funds (ETFs) experienced $105.19 million in outflows, while spot ethereum ETFs managed to break their nine-day losing streak, pulling in $5.84 million in inflows. Spot Bitcoin ETFs Face $105M Outflow, Ethereum ETFs Bounce Back The biggest hit among spot bitcoin ETFs was ARKB, which saw a loss of $59.27 million. … Read more
Bitcoin traders wait for $62K as 3% BTC price gains eat up liquidity
Bitcoin buyers attempt to turn the tables on overhead liquidity around the Wall Street open as BTC price approaches $61,000. Go to Source
Bitcoin’s Latest Difficulty Rise Challenges Miners Already Facing Revenue Slump
On Aug. 28, Bitcoin’s mining difficulty bumped up by 2.99% at block height 858,816, pushing the metric from 86.87 trillion to a hefty 89.47 trillion. This tweak adds a bit more challenge for bitcoin miners, especially with hashprice values lingering at very low levels. Bitcoin Network’s Difficulty Jumps as Earnings Dwindle Bitcoin’s difficulty ticked up … Read more
Bitcoin whale buys 1K BTC as ‘insane’ Binance selling sees sub-$58K low
Bitcoin whales jump at the chance to buy cheap BTC with spot sellers showing knee-jerk reactions in a choppy trading environment. Go to Source