Market News

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

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 …

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Ethereum Price Key Indicators Point Firming Case For Recovery Above $1,250

Ethereum holds the key support at $1150 against the US Dollar. ETH is rising and it could clear the $1,250 resistance area in the near term. Ethereum corrected lower, but the bulls were active near $1150. The price is now trading above $1,180 and the 100 hourly simple moving average. There is a major bearish …

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Why Bitcoin Miners’ Revenue Hits Lowest Point Since 2020

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 …

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Ethereum Tries To Keep Luster As It Moves To Narrower Range

Ethereum, the second largest cryptocurrency in the world, continued its descending path, clearing the $1,200 level. So far, the exchange rate has reached $1,170.49. data From CoinGecko it shows that the coin has been trading at a loss on a weekly basis. Here is a quick look at ETH’s performance: The price of ether is …

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Ethereum Loses Demand Zone; Investors Eyes $700 ETH price?

ETH price is losing the key $1,200 demand area again Price remains weak as bears battle bulls; Lots of uncertainty in the market ETH price is rejected from the low of $1,220 on the higher time frame Ethereum (ETH) price continues trading below $1,200 as the price faced rejection, broke and headed higher to $1,300 …

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Ethereum Price Could Avoid a Major Drop if it Closes Above $1,250

Ethereum failed to clear the $1250 resistance against the US Dollar. ETH is moving lower and could decline sharply if it breaches the $1140 support. Ethereum struggled to pick up the pace above the $1250 resistance. The price is now trading below $1,180 and the 100 hourly simple moving average. There was a break below …

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

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 …

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