Cryptocurrency Analysis and News Portal
Bitcoin price is once again flirting with resistance above $10,000 but has yet to penetrate and hold above the key level. This latest visit has resulted in a lower high.Unless the cryptocurrency can get through and set a new local peak, the asset is at risk of setting a new
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Bitcoin hashrate jumped 23 percent since May 26, signaling more miners are resuming operations on the cryptocurrency’s blockchain network.The rally also continued as Bitcoin’s mining difficulty dropped by over 9 percent on June 4.The rising hashrate indicates a slowdown in miner capitulation, which could assist in sending the bitcoin price
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[sociallocker id="55298"] According to Ki Young Ju, CEO of CryptoQuant, capitulation by an unknown mining pool was responsible for the latest market dip.The miner who has produced 51 blocks over the past four days may be capitulating, reports Ki Young Ju. The 51 blocks produced by the mining pool came
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Hash ribbons, an indicator used to depict the health of Bitcoin miners powering the network, has just signaled capitulation for an unprecedented 4th time in this market cycle. And according to the tool, post-halving miner capitulation may have only just begun.Bitcoin Miners Are Capitulating Due To Post-Halving Production CostsAs a
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On Monday, the Bitcoin block reward halving finally came to pass.It was an exciting event celebrated by tens of thousands of cryptocurrency investors, with thousands packing into celebratory live streams, tens of thousands liking halving tweets, and hundreds of thousands hearing about Bitcoin via the news.The halving was so popular
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As the bitcoin halving approaches, crypto-mining ‘death spirals’ and miner capitulation have become prominent topics among digital currency enthusiasts. Despite the trending
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Bitcoin (BTC) currently sits at $6,370, a slight recovery from the March 27 pullback which saw the price drop nearly 9% in 4 hours. Despite showing some bullish signs, Bitcoin is still down nearly 30% since last Friday.As previously reported by CryptoX, the crash may have been caused by
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Unfortunately, it isn’t getting any better for Bitcoin investors after last week’s grueling crash. Over the past 60-odd minutes, after holding at $5,300 for hours on end, BTC has slid under $5,000 yet again, breaching this key price point for the first time since Friday’s capitulation event.Bitcoin’s weakness comes as
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Bitcoin (BTC) likely bottomed when it hit $3,700 this week but will likely dive below $5,000 one more time, says Tone Vays.In the latest edition of his Trading Bitcoin YouTube series on March 13, the veteran trader described the week of mayhem for Bitcoin which culminated in 60% daily
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There’s no other way to put it: Bitcoin has fallen off a cliff. The cryptocurrency, over the past few hours, has plunged from a comfy price above $7,700 (which now seems extremely high) to as low as $5,600 in the span of a few 15-minute candles. This crash, which caught many
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