Leading cryptocurrency research firm CoinShares reveals that Bitcoin mining expenses continued rising in 2024’s third quarter, with the average cash cost to produce one Bitcoin climbing to $55,950. This marks a 13% increase from Q2’s $49,500 figure, according to the firm’s latest report. The Growing Challenge of Bitcoin Mining Economics When including non-cash expenses like […]
New research from Kaiko has revealed striking differences in how cryptocurrency markets operate across different regions, highlighting unique crypto trends that shape global adoption. The study shows that while Bitcoin leads in developed markets, emerging economies lean more towards stablecoins and alternative cryptocurrencies. The Rise of Corporate Bitcoin Holdings in the US US corporations have […]
Crypto markets have witnessed an extraordinary rally, adding over $200 billion in value as Bitcoin (BTC) soared past the $100,000 milestone, touching $102,000 before settling just below $101,000. Altcoins have also shown impressive performance, with double-digit gains across various tokens, reflecting a broad recovery in the digital asset ecosystem. Bitcoin Breaks Past $100K After days […]
US CPI inflation rose to 2.7% in November, aligning with market expectations and fueling hopes of a Bitcoin (BTC) and altcoin rally. Investors now anticipate potential rate cuts at the Federal Reserve’s upcoming FOMC meeting. US CPI Inflation Holds at 2.7% The Labor Department reported that US CPI inflation edged up to 2.7% in November, […]
Technical indicatorsMajor Resistance Levels – $0.50 and $0.55Major Support Levels – $0.40 and $0.35Dogecoin (DOGE) Price Long-term Prediction: BullishDogecoin’s (DOGE) price has fallen below the 21-day SMA support and is trending sideways. Buyers have been unable to push DOGE above the $0.45 resistance level. On December 8, buyers pushed the altcoin to a high of $0.48 before retreating. […]
BTCUSD Bulls Continue To Fight For Expansion Bitcoin remains below the $100,000 resistance level as bullish forces dominate, despite mounting pressure. The cryptocurrency market has shown resilience, but buyers are struggling to overcome the psychological barrier. BTCUSD Key Levels Resistance: $100,000, $97,000 Support: $91,180, $81,000 Bitcoin has maintained strong bullish momentum throughout Q4 2024, marking […]
USDT has emerged as a leader in digital assets, showing significant wallet growth and maintaining its dominance as the most trusted stablecoin. As of Q4 2024, USDT is held in 109 million on-chain wallets, surpassing Bitcoin and closely approaching Ethereum’s 128 million wallets. USDT’s Dominance Across Wallets According to Tether Insights, centralized platforms have also […]
The cryptocurrency market experienced its largest-ever weekly crypto inflows, reaching $3.85 billion, while simultaneously witnessing massive liquidations as Bitcoin briefly dipped below $95,000. This unprecedented surge in investment activity marks a significant milestone for the crypto industry, dramatically surpassing previous records. Understanding Recent Crypto Inflows Ethereum emerged as a major beneficiary of this investment wave, […]
Bitcoin (BTCUSD) Faces Setback As Price Consolidates BTCUSD struggles to maintain momentum after reaching a new all-time high. Bitcoin recently hit $104,080 but has since lost steam, entering a consolidation phase above the $91,180 level. The past three months have seen strong bullish sentiment, with prices surging from the $52,000 zone in October. However, the […]
