3 reasons why Bitcoin Standard Hashrate (BTCST) price rallied by 50%
BTCST earnings per staked token increased after China cracked down on Bitcoin miners and the network’s hashrate dropped. Go to Source Powered by WPeMatico
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Bitcoin mining difficulty drops for fourth time in a row
Bitcoin mining difficulty has posted another negative adjustment on Sunday, with the difficulty rate almost halving since mid-May. Go to Source Powered by WPeMatico
New project aims to bring global crypto miners to Russia
Russian crypto advocates are already collaborating with a consortium including some of China’s largest crypto mining-related companies. Go to Source Powered by WPeMatico
Bitcoin price falls under $33K, but on-chain data hints at BTC accumulation
Signs of BTC accumulation begin to emerge as the network’s hashrate rises and exchange outflows increase in July. Go to Source Powered by WPeMatico
Bitcoin mining difficulty just fell by a record 28% — But will this help BTC price recover?
The ratio of Bitcoin price to hash rate presents bulls with a long wait, as hash rate is still migrating. Go to Source Powered by WPeMatico
Active Bitcoin miners now ‘unlikely’ sellers thanks to profit boost — data
The upcoming record difficulty drop means mining Bitcoin is about to get a lot more profitable while hash rate slowly returns to the network, Glassnode predicts. Go to Source Powered by WPeMatico
Key Bitcoin price indicator flashes its ‘fifth buy signal in BTC history’
The Puell Multiple just flashed a buy signal for the fifth time in BTC’s history, but its creator cautions that a plunging hashrate and China’s miner purge are important factors to consider. Go to Source Powered by WPeMatico
Waiting game: Why Friday’s $6B in Bitcoin and Ethereum expiries may not move the market
Traders are looking for BTC and ETH to make a decisive move ahead of Friday’s $6 billion in quarterly futures and options expiries, but what does back-tested data show? Go to Source Powered by WPeMatico
Bitcoin price clings to $32K as on-chain metrics hint at further downside
China’s continued crackdown on Bitcoin mining and OTC transactions, along with prolonged technical weakness, triggered BTC’s drop to a 6-month low. Go to Source Powered by WPeMatico
Reports of Mining Sector Cleanup Put China’s Yunnan Province in the Spotlight
Authorities in Yunnan are launching an investigation to identify and shut down miners that are illegally using electrical power to mint bitcoin, Chinese media reports. Inspections will also focus on potential safety hazards and will be carried out by various government departments. The mining industry cleanup is expected to continue till the end of June. … Read more
