Este artículo también está disponible en español. As Bitcoin (BTC) reached a new all-time high (ATH) of $98,310 today, the ETH/BTC trading pair fell to multi-year lows, raising questions about the relative strength of Ethereum (ETH), the second-largest digital asset. What’s Causing Ethereum’s Underperformance Against Bitcoin? Bitcoin’s new ATH earlier today brings it within $2,000…
Bitcoin hit a new all-time high of $89,863 amid rising demand and limited supply. Post-2024 halving supply shock is driving demand, with more price gains expected. Bitcoin reached a historic milestone today, hitting an all-time high of $89,863. This new peak underscores the remarkable upward momentum Bitcoin has shown in recent days. The price surge…
November 8, 2024 at 05:15 PM GST updated: November 8, 2024 at 01:22 PM 2 mins read News Galaxy Digital pivots to AI, targeting new revenue amid rising Bitcoin mining challenges. Bitcoin miners adopting AI could boost profits, with potential $14B in gains by 2027, says VanEck. Galaxy’s Q3 report shows 27% drop in BTC…
Bitcoin mining firm Riot recorded $84.8 million in revenue in the third quarter of 2024, representing a 65% increase over the same quarter in 2023. This growth can be attributed to the 159% year-over-year increase in deployed hash rate which reached 28 EH/s by the end of the quarter. Riot’s Q3 Financial Results According to…
Bitcoin is on a tear, easing past the psychological round number at $70,000. At press time, the world’s most valuable coin is approaching $72,000, a critical resistance level that marks June 2024 highs. Bitcoin Breaks Above $70,000 And Descending Triangle As buyers press on, reversing losses of the second half of last week and soaring…
Este artículo también está disponible en español. The current trajectory of Bitcoin (BTC) prices could push it to the $100,000 mark within the next 90 days, regardless of the results of the U.S. presidential election. Bitcoin At $100,000 By February 2025? Crypto analyst Timothy Peterson suggests that BTC’s current price movement is not substantially different…
October 24, 2024 at 01:50 PM GST updated: October 24, 2024 at 11:48 AM 2 mins read News Bitcoin mining difficulty rises to 95.67T, marking a 27% increase in 2024, challenging small miners. Record high hashrate of over 700 EH/s aligns with Bitcoin’s rising mining difficulty, boosting network security. Small miners face profitability issues as…
Since entering the 2024 halving year, Bitcoin has not managed to set a new record high yet, thereby spending more than 30 weeks in a lateral trend. This stagnation causes concerns among investors and analysts about the possibility of an upcoming bull market. Ki Young Ju, the CEO of CryptoQuant, has also cautioned that if…
Peter Brandt, a well-known trader and chartist, has warned bitcoin investors about troubling market patterns. He highlighted that BTC has gone 30 weeks without a new all-time high, historically leading to severe declines of up to 75%. While Brandt remains optimistic, forecasting a bitcoin price of $135,000 by late 2025, he cautions that a close…
Este artículo también está disponible en español. Zach Bradford, CEO of Bitcoin (BTC) mining firm CleanSpark, has predicted that the premier cryptocurrency may peak close to $200,000 this cycle. Bradford’s Bullish Take On BTC Price In an interview with research and brokerage firm Bernstein, CleanSpark’s CEO noted that historically, post-halving periods have led to several…
Este artículo también está disponible en español. Bitcoin (BTC) looks poised to record its best September in a decade, surging past $65,000. This uncharacteristic price appreciation could be attributed to several key factors. Reasons Behind Bitcoin’s Impressive September Gains Historically, September has consistently been the worst month for BTC in terms of price performance. However,…
FTX is set to redistribute $16 billion to creditors in Q4 2024, which could significantly impact the crypto market by introducing a major liquidity influx. A 50 bps rate cut by the U.S. Federal Reserve and similar moves by other central banks have increased liquidity. The bankruptcy estate of FTX will conduct a redistribution of…
Within the last 24 hours, Bitcoin mining difficulty increased by 3.04% to hit an All-Time High (ATH). The rise in Bitcoin mining difficulty comes amid a sizable reduction in miners’ profits. As a result, crypto enthusiasts are now looking to see the long-term implications for Bitcoin’s (BTC) price. Current State of Bitcoin Mining According to…
Data highlighted the dominance of the top 10 layer one blockchains, collectively valued at $1.66 trillion. In Russia, financial analyst Vladislav Antonov projected growth for the Hamster Kombat token post-airdrop. Meanwhile, China and Russia’s payment flows are under strain due to new sanctions targeting Chinese firms aiding Russia’s war effort. India’s HDFC Bank introduced enhanced…
El Salvador-based activist and founder of My First Bitcoin, John Dennehy highlighted the evolution of Bitcoin (BTC) in three years. On X, the crypto enthusiast recalled being in San Salvador on September 6, 2021, just a day before it became legal tender in El Salvador. On September 7, 2021, El Salvador, under the leadership of…
September 4, 2024 at 05:18 PM GST 2 mins read News Since the last halving, Bitcoin has not established a new All-Time High (ATH), which is a deviation from the previous trend Peter Brandt, an analyst, notes that the price of Bitcoin made lower highs and lows, indicating a reversal of the market. Some of…
September 2, 2024 at 11:20 AM GST updated: September 2, 2024 at 11:03 AM 2 mins read Crypto Live News August 2024 marked Bitcoin miners’ lowest revenue month since September 2023, with a $99.75M drop compared to July. Onchain fees in August decreased by $4.14M, compounding miners’ financial challenges amid reduced hashprice. Foundry USA and…
Bitcoin miners faced their most challenging revenue month of the year in August, marking the lowest earnings since September 2023. Onchain fees collected in August also dipped, reaching a low not seen since last year, with a $4.14 million drop compared to July. August Bitcoin Mining Revenue Drops $99.75M Lower Than July The ongoing effects…
2024 has so far been quite eventful for Bitcoin (BTC), whose price is currently hovering around $58,500, or up 40% year-to-date (YTD). The most successful period for the primary cryptocurrency was in mid-March when it hit a new all-time high of over $73,500. In the following lines, we will explore some important factors that suggest…