Can Bitcoin reclaim $30K? Watch these BTC price levels next
Bitcoin bulls still have an opportunity to turn the situation around, analysis suggests, with BTC’s price recovering to a key springboard level. Go to Source Powered by WPeMatico
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Bitcoin, Ethereum Technical Analysis: BTC Nears Breakout Below $29,000 on Wednesday
Bitcoin fell to a one-week low on Apr. 19, as markets moved into consolidation following a recent bull run. Following today’s red wave, prices neared a breakout below the $29,000 level earlier in the session. Ethereum also declined, falling below $2,000. Bitcoin Bitcoin (BTC) moved lower on Wednesday, as markets began to consolidate following recent … Read more
Forget BTC price: The Bitcoin mining boom is quietly going parabolic
Bitcoin difficulty and hash rate stop at nothing in their quest to surge to new levels never seen before. Go to Source Powered by WPeMatico
Chip Giant Intel Abandons Bitcoin ASIC Production
After announcing the production of bitcoin application-specific integrated circuits (ASICs), Intel, the world’s largest semiconductor chip manufacturer by revenue, appears to be abandoning its blockchain chip production. On Tuesday, a spokesperson for the chip manufacturer explained that Intel has “end-of-lifed the Intel Blockscale 1000 Series ASIC.” Intel Spokesperson Discloses Company Has End-of-Lifed the Blockscale 1000 … Read more
BTC price dives 3% in minutes as ‘deep correction’ grips crypto market
BTC price returns to $29,000 with a cascade of long liquidations fueling fresh Bitcoin downside. Go to Source Powered by WPeMatico
SEC Deems DASH, ALGO, and OMG ‘Unregistered Securities’ in Bittrex Lawsuit
According to the recent complaint by the U.S. Securities and Exchange Commission (SEC) against Bittrex, the securities regulator insists that a few crypto asset tokens were offered and sold as investment contracts and are securities. The news follows the SEC’s designation of several crypto assets as securities, including the case against Terraform Labs, which insists … Read more
MicroStrategy stock price more than doubles in 2023 in lockstep with Bitcoin
Bank of America and Fidelity have increased their MicroStrategy exposure in what appears to be a passive Bitcoin investment. Go to Source Powered by WPeMatico
Bitcoin and liquid staking protocols lead crypto resurgence in Q1 2023
The first quarter of 2023 saw Bitcoin outperform traditional assets after a 72% quarterly gain in market capitalization. Go to Source Powered by WPeMatico
Environmental Impact of AI Models Takes Center Stage Amid Criticism Against Bitcoin Mining
While bitcoin’s effect on the environment has been discussed at length over the last two years, the latest trend of artificial intelligence (AI) software is now being criticized for its carbon footprint. According to several headlines and academic papers this year, AI consumes significant electricity and leverages copious amounts of water to cool data centers. … Read more
Bitcoin ‘mega whales’ send BTC price to $30K as volatility hits crypto
Bitcoin sees a sudden return to form as a reshuffle of order book liquidity precedes a spurt above crucial BTC price resistance. Go to Source Powered by WPeMatico