Bitcoin (BTCUSD) Buyers Lose Steam The Bitcoin cryptocurrency faces a decline after nearing the $63,000 key level. The BTCUSD value has seen a significant drop after approaching this crucial threshold. Although buyers have been consistent in their pursuit over the past few days, their momentum appears to be waning. BTCUSD Key Levels Resistance Levels: $72,000, […]
BTCUSD Breaks Higher as Buyers Regain Momentum BTCUSD crypto continues its expansion as buyers regain confidence. The BTCUSD market has experienced a significant turnaround in recent days, with buyers taking control and pushing prices higher toward the $60,000 key level. After facing resistance at $50,500, buyers have maintained their resolve and are now making a […]
In a significant development for the cryptocurrency world, the two largest stablecoins have seen a huge increase in supply over the past week. This growth comes as the broader crypto market bounces back from a recent dip. Tether (USDT) and USD Coin (USDC), the top two stablecoins by market size, have added nearly $3 billion […]
In a recent developments, Bitcoin miners are grappling with unprecedented challenges as profitability reaches all-time lows. Despite Bitcoin’s price rebounding to over $59,000, miners are feeling the squeeze due to reduced block rewards and increasing mining difficulty. According to a recent report by Blocksbridge, a storage infrastructure company, miner hashprice, which measures mining profit margins, […]
Bitcoin shows bearish signals as the loss percentage mirrors the 2020 bull cycle correction. Bitcoin (BTC) is currently exhibiting bearish tendencies, with many holders experiencing losses. According to CryptoQuant, the percentage of Bitcoin in the loss range 2024 parallels the levels seen during the major correction of the 2020 bull cycle. The current percentage of […]
BTCUSD Continues its Bearish Dive Bitcoin (BTCUSD) crypto is under pressure as sellers intensify. The Bitcoin market is currently experiencing a bearish downturn. After a significant rally from the $53,500 level to a high of $70,000, sellers have regained control and are driving prices lower. The $62,170 support level is now under threat, and a […]
The Bitcoin network has reached a new milestone in its mining difficulty. This comes as the broader cryptocurrency market experiences a surge in liquidations. According to Cointelegraph, Bitcoin’s network difficulty rose by over 10.5% on August 1. This marks the end of a three-month downward trend. The network difficulty is now at an all-time high […]
Lightning Labs has announced something exciting: Taproot Assets on Bitcoin.This new tool lets users create special digital items on Bitcoin and move them quickly and cheaply using the Lightning Network. This is a big step because it’s the first time different types of digital items can be used on Bitcoin’s main system. This makes Bitcoin […]
A whale investor sparks optimism with massive Bitcoin accumulation. Despite Bitcoin’s recent dip to the $66,000 price level, significant optimism has surged within the crypto community due to a substantial purchase by a whale investor. On-chain data reveals that the whale has added 1,300 BTC to their holdings, now totaling 5,800 coins. Bitcoin News: Whale […]
