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Bitcoin Miners Enjoy a Bumper Quarter Thanks to BRC-20 Tokens

Bitcoin Mining Revenue Spikes by 57% Amid Bullish Recovery

According to the latest report from on-chain data provider Glassnode, Bitcoin (BTC) mining revenue has spiked by 57%, reclaiming mid-2020 levels. After the anti-crypto mining campaign by the Chinese government some months ago, which displaced a significant percentage of global miners, mining levels dropped significantly. In May, Bitcoin mining power peaked at 180 EH/s before […]

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Bitcoin Records Realized Market Cap ATH Amid Bullish Recovery

New on-chain statistics suggest that Bitcoin (BTC) is more valuable today than ever for the ecosystem, despite the difference between its current price and that of its all-time high days. The statistics, curated by on-chain data provider Glassnode, noted that the current “realized” market capitalization of Bitcoin (BTC) surpasses the figures recorded in April 2021 […]

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Bitcoin Remains Bullish Despite Unfavorable US Senate Infrastructure Bill Compromise Outcome

Bitcoin (BTC) retains a bullish bias in the early hours of Tuesday despite the ongoing talks of the US Infrastructure Bill. The benchmark cryptocurrency trades healthily above the crucial $45,000 psychological support as bulls control the market. The US Senate failed to agree upon a series of amendments to the Infrastructure Bill that would liberate […]

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Bitcoin Rallies as MicroStrategy Announces Plan to Acquire More BTC

The holder of the largest institutional Bitcoin (BTC) investor MicroStrategy, has announced that it plans to continue stocking up its BTC holdings, despite the $424.8 million impairment it recorded in Q2 2021. The cumulative impairment comes in at a whopping $689.6 million since Q3 2020. As of June 2021, the behemoth investor held 105,085 BTC […]

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Bitcoin Records Massive Crypto Exchange Outflows

According to new data from on-chain analytics platform Glassnode, Bitcoin exchange balances have plummeted to their lowest levels since the bearish market in late 2018. A new report from market analyst Will Clemente shows that two massive outflows occurred over the past 24 hours. He noted that: “Two massive outflows today: one worth 23,530 BTC […]

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