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 […]
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 […]
Bitcoin (BTC) appears to have regained a bullish outlook, as it maintains its position above the critical $45k mark and is up by 19% over the past seven days. Famous crypto analyst Willy Woo recently noted that the BTC network activity is picking up steam once again. The Chinese-based analyst asserted that the user base […]
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 […]
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 […]
New reports from Coindesk revealed that JP Morgan Chase & Co. has begun pitching a Bitcoin (BTC) fund to its private clients this week. The behemoth financial institution originally announced in April that it had entered a partnership with NYDIG to launch a Bitcoin fund. JPM touted the new fund as the safest and cheapest […]
Based on on-chain activities, analysts assert that there is massive profit-taking occurring in the market since Bitcoin (BTC) peaked at $42,600 on Sunday. As a result, the benchmark cryptocurrency plunged by over 10% since its recent peak. On-chain analytics platform Glassnode noted that the big question in the mind of the BTC community is if […]
Bitcoin (BTC) has begun August on a bullish footing as the primary cryptocurrency extends its weekly gains to 15% and favorable conditions. BTC hit $42,600 a few hours ago, its highest point since May 20, although it failed to secure its position above the $42,000 level and currently trades around the $41,400 level. The recent […]
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 […]
