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The collapse of the FTX cryptocurrency exchange caused a historic event in the Bitcoin market. Yesterday, on-chain data indicated the second wave of bitcoin miner capitulation in a single cycle. Historically, miners have had a significant impact on the price of Bitcoin. The now announced miner capitulation will put more selling pressure on the bitcoin …

Bitcoin Miner Capitulation Is In Full Effect, How Long Will It Last? Read More »

Many cryptocurrency investors are still skeptical about the profitability of bitcoin mining. This is not surprising given the increasing rate of energy prices in recent times. Moreover, Bitcoin miner revenue has been on a downward trend since November 2020. Current revenue of bitcoin miners Meanwhile, Bitcoin miners have been experiencing some downturn in their returns …

Why Bitcoin Miners’ Revenue Hits Lowest Point Since 2020 Read More »

If the first part of the address above about Bitcoin price If your heart is pumping, it may be time to reduce the amount of leverage you are using. No, we’re not advocating for BTC to hit the $1,000 target — rather, we’re looking back and celebrating the 9th anniversary of the first time Bitcoin …

Looking Back At Nine Years Of Bull Run Read More »

Bitcoin price struggled to clear the $16,800 resistance. BTC is moving lower and there is a risk of more losses below the $16,000 support area. Bitcoin tried to break upwards above the $16,800 resistance, but it failed. The price is trading below $16,500 and the 100 hourly simple moving average. There is a major bearish …

This Scenario Will Trigger A Fresh Drop Read More »

Bitcoin price rebounded from the $15,400 price level and recovered over the past day. In the past 24 hours, BTC has been moving sideways after claiming the $16,000 price tag. Since the coin is trading sideways at the moment after the recovery, Bitcoin is waiting for the breakout. The coin must move above the $16,600 …

Bitcoin Price Recovery; Vital Levels To Keep An Eye On Read More »

After a year of near-dormancy, bitcoin funds on rogue exchange BTC-e are starting to move again. Chainalysis, an American blockchain analysis company headquartered in New York City reports That 10,000 BTC, worth about $165 million, has been transferred. The destination for transactions is personal wallets, mutual deposit addresses and other services. Remarkably, the transfer is …

Dump Incoming? Rogue BTC-e Is Moving $165M in Bitcoin Read More »