Bitcoin, the world’s largest cryptocurrency, saw its mining difficulty increase by 1.5% on Thursday to reach 84.4 trillion. Mining difficulty measures how hard it is for miners to create new bitcoins. When more miners join the network, the difficulty goes up. This latest rise came as bitcoin’s hash rate, a measure of the total computing […]
The global Bitcoin ATM count declines, potentially denting Bitcoin’s value. The number of active Bitcoin ATMs worldwide has fallen, potentially impacting Bitcoin’s price negatively. The United States and Canada dominate the market, with the U.S. operating over 30,000 machines and Canada about 3,000 machines. CRYPTO BREAKING NEWSGlobal Bitcoin ATM Numbers Decline for the First Time […]
BTCUSD Advance Towards the $73,840 Key Level BTCUSD advances upward, approaching its all-time high of $73,840. After a prolonged bearish phase that began following the previous record high, buyer exhaustion allowed sellers to dominate the market. However, the bulls managed to maintain a presence, structuring the market into a bullish flag formation, which set the […]
Btcusd Breaks The $64,000 Barrier To Rise Higher BTCUSD breaks through the $64,000 barrier and confluence zone successfully, signaling the potential for further gains. After reaching an all-time high of $73,840, buyers were temporarily exhausted, causing the market to spiral downwards into a flag structure—a bullish reversal formation. The price ultimately plunged to a low […]
In a significant move, financial giant Morgan Stanley has disclosed a substantial investment in U.S. spot bitcoin exchange-traded funds (ETFs), totaling over $270 million as of March 31. This disclosure, part of a quarterly 13F filing with the Securities and Exchange Commission, highlights the growing interest in cryptocurrency as a legitimate asset class. Morgan Stanley’s Bitcoin ETF Investment Breakdown […]
Bitcoin bulls eye an imminent surge, analysts say. In a recent development, BitQuant has suggested that significant increases in Bitcoin’s value are on the horizon, although the exact timing remains elusive. BitQuant’s remarks come in response to analysis by fellow commentator Mikybull Crypto, who has been closely monitoring the cup and handle pattern on weekly […]
Bitcoin miners are facing decreased profitability as the hash rate declines. Roughly a month following the fourth Bitcoin halving, initial indications of miners experiencing reduced revenues are beginning to surface, with a prominent signal being the decrease in the network hash rate. This recent decline in hash rate suggests potential miner capitulation, as less efficient […]
BTCUSD prepares for a breakout by positioning itself to leverage the critical support level of $60,675 to reverse its descending trend and resume its bullish trajectory. Following the rejection at the recent all-time high, market dynamics favored sellers, resulting in consistent lower highs and lows. BTCUSD Key Levels Supply Levels: $64,000, $73,000 Demand Levels: $59,000, […]
Bitcoin miners are currently encountering a new challenge as network fees fluctuate post-halving, according to a recent report by Kaiko. The April halving event, which reduced the reward for mining new blocks, initially led to a surge in daily average network fees. This increase helped miners offset the impact of reduced block rewards. However, with the waning enthusiasm […]
