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At this time, Bitcoin is at a level where things might turn out ugly. Concerns regarding the sustainability of the move are followed by the fact that despite breaking above a local ascending trendline, trading volume is not confirming this breakout. The bullish breakout is undercut by the declining volume trend, which also raises the…
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Robert “Bo” Hines, executive director of the President’s Council of Advisers on Digital Assets spoke with media on Friday if the move to sell some of the gold in Fort Knox to buy Bitcoin remained budget-neutral, it could be considered This is of interest because in Trump’s announcement of a Bitcoin Reserve earlier this month…
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A Bitcoin BTC/USD wallet valued at $250 million has sprung back to life after an eight-year hiatus, triggering a wave of speculation among cryptocurrency enthusiasts. What Happened: A Bitcoin wallet, initially valued at around $3 million in 2017, has recently become active after eight years of dormancy. The wallet now holds a staggering $250 million…
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Shiba Inu (SHIB) has been experiencing mixed signals in recent weeks. The meme coin has made attempts to secure a breakout, but this effort hinges heavily on investor support. Unfortunately, this support has been weak recently, forcing SHIB to rely on the broader market, particularly Bitcoin (BTC), for direction. If Bitcoin continues its upward trajectory,…
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Pakistan’s government plans to use its extra electricity for Bitcoin mining operations, turning unused power into a money-making opportunity. Officials have started talking with other government departments about creating special electricity rates for foreign Bitcoin miners to help cut costs on wasted…
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Bitcoin (BTC) bulls are trying to make a comeback by maintaining the price above the 200-day simple moving average ($84,899) over the weekend. Bitget Research chief analyst Ryan Lee told Cointelegraph that Bitcoin needs to close above $85,000 this week to signal strength and “prevent a drop to $76,000.” Lee added that a close above…
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The Bitcoin (BTC) mining hashprice — a miner’s daily revenue per unit of hashing power expended to mine blocks — has remained constant at around $48 per petahash per second (PH/s), despite a slight 1.4% uptick in Bitcoin difficulty. Data from CoinWarz shows that the Bitcoin difficulty climbed to 113.76 trillion at block 889,081 on…
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Bitcoin continues to trade within a tight range, consolidating below the $85,000 mark and holding above the $81,000 support zone. Bulls are making efforts to reclaim higher levels and spark a recovery rally, but persistent macroeconomic uncertainty and growing concerns over global trade tensions continue to weigh on market sentiment. The lack of momentum in…
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Bitcoin BTCUSD bulls are trying to make a comeback by maintaining the price above the 200-day simple moving average ($84,899) over the weekend. Bitget Research chief analyst Ryan Lee told Cointelegraph that Bitcoin needs to close above $85,000 this week to signal strength and “prevent a drop to $76,000.” Lee added that a close above…
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The US-based Bitcoin ETFs (exchange-traded funds) have been on a negative streak of capital outflows in the past few weeks, reflecting dwindling appetite and worsening sentiment amongst investors. However, the latest daily performances of these crypto-based financial products suggest that fresh demand…