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 […]
BTCUSD Faces Intense Bearish Pressure Bitcoin (BTCUSD) remains under bearish attack. The Bitcoin market is currently experiencing a significant downturn, with bearish forces reasserting their dominance. This downturn follows a notable rally from the $53,500 support level to a high of $70,000. The market is now poised for a potential breakdown below the crucial $65,110 […]
Bitcoin Buyers Aim to Reclaim the $68,660 Significant Level Bitcoin (BTCUSD) rebounds from a bearish slide as buyers aim to breach the $68,660 resistance level. Earlier this month, Bitcoin experienced a rise, with bullish momentum emerging after a prolonged bearish sentiment that had driven the price down from the $71,960 key level. The bears had […]
In an interesting turn of events, Bitcoin has broken through the $67,500 mark, sparking excitement in the cryptocurrency world. This surge comes just ahead of former U.S. President Donald Trump’s scheduled appearance at the Bitcoin 2024 Conference in Nashville, Tennessee. The world’s largest cryptocurrency by market value jumped more than 5% in the past 24 […]
