BTC

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LAPD Investigates $579,000 Bitcoin ASIC Miner Theft, Suspect Released

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According to the Los Angeles Police Department (LAPD), a 26-year-old man was arrested and charged with stealing $579,000 worth of application-specific integrated circuit (ASIC) bitcoin miners. Local reports confirmed that the man has been released from jail, and the LAPD stated that the investigation is ongoing. Canyon Country Resident Accused of Stealing $579K Worth of … Read more

Bitcoin Surges Above Key Support Level Amid Rising Demand

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Bitcoin has reclaimed a crucial support level, indicating strong demand in the current price range. Of the addresses active in the past 24 hours, 237,000 have acquired Bitcoin between $61,000 and $62,600, highlighting the significant buying interest at these levels. Bitcoin is back above a crucial support level👇 Of the addresses active in the past … Read more

Dave Portnoy’s Crypto Advice: Stick to Bitcoin — Says ‘I’ve Learned That the Hard Way’

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Dave Portnoy, founder and owner of Barstool Sports, has recommended that investors focus on bitcoin for their crypto investments. “I’ve learned that the hard way,” he said, reflecting on lessons from his past crypto investing experiences. Portnoy recently declared his intention to purchase more bitcoin if its price declines substantially. Barstool’s Dave Portnoy Offers Crypto … Read more

Tokyo Stock Exchange-Listed Metaplanet Boosts Bitcoin Holdings

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Metaplanet, listed on the Tokyo Stock Exchange under the ticker 3350, announced on July 1 that it has made an additional bitcoin purchase. Following the company’s disclosure on June 24 about plans to acquire BTC worth 1 billion yen ($6.2 million), Metaplanet has initiated the purchase with an investment of 200 million yen. This transaction … Read more

Bitcoin Bulls Advance Price, Face Resistance at $64K

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The price of bitcoin (BTC) hit an intraday peak of $63,794 on Monday, reflecting a 2% gain against the U.S. dollar in the past 24 hours. Currently, BTC is trading at $63,070 per unit. The day’s upward movement led to $124.64 million in crypto short and long liquidations, with bitcoin shorts comprising $49.85 million. $49M … Read more

Bitcoin Technical Analysis: BTC Bulls Test Upper Resistance

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Bitcoin’s price on July 1, 2024, stands at $62,769, with a 24-hour intraday price range of $61,261 to $63,694. The cryptocurrency’s market capitalization is $1.23 trillion, and the 24-hour trade volume is $21.98 billion. Bitcoin Bitcoin’s hourly chart presents a strong upward trend starting from approximately $60,620, peaking at $63,724, followed by a slight decline. … Read more

The Six-Digit Struggle: What if Bitcoin Falls Short of $100K?

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As bitcoin continues to lead the cryptocurrency market, its notable climb beyond previous peaks has drawn the interest of investors and supporters alike. The dominant cryptocurrency’s latest performance suggests it might approach a triple top, potentially exceeding $90,000. However, reaching the six-figure mark will be a significant psychological challenge, and it may fall short of … Read more

Bitcoin Miners See 100 EH/s Exit Network as Prices and Revenues Fall

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With bitcoin’s price declining 5% over the past week, miners have been experiencing reduced revenue as the hashprice has dropped to a level not seen since May. Currently, the hashprice, which is the estimated daily value of 1 petahash per second (PH/s), is below $50 and hovering just above $47 per PH/s. Declining Bitcoin Value … Read more