Cryptocurrency Analysis and News Portal
In brief:Bitcoin Miners’ Position Index (MPI) has been low since March 6thBitcoin miners are now holding BTC rather than selling90k Bitcoin options expired earlier today on Deribit, removing the anxiety of additional sellingApril could be a green month based on historical dataBitcoin miners are now holding their BTC rather than
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Bitcoin is wobbling in a critical support zone. New indicators are bullish and point to a continuation in the rally. Moskovski Capital CIO Lex Moskovski shared data from Glassnode showing that a trend in Bitcoin miners has reversed. Since the beginning of March, this sector began to increase its level of
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In a show of force against the implementation of Ethereum Improvement Proposal (EIP) 1559, on April 1, Ethereum miners plan to direct their hashing power to the Ethermine mining pool, which opposes the proposal. The coordinated action will last 51 hours, signifying their intent to harness more than 51% of the
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Lawmakers in Kentucky are looking to impose tax breaks for local cryptocurrency miners.Kentucky lawmakers on Tuesday approved several state tax breaks including House Bill 230, which would remove the sales tax from electricity purchased by local crypto mining operators.According to a report by the Lexington Herald-Leader, Kentucky legislators voted 19
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After a violent price reversal last week that saw Bitcoin retreat from all-time highs, traders and analysts are now eyeing major players and investors to gauge BTC’s next move — and so far the reaction is decidedly mixed.Data from on-chain analytics firm Glassnode indicates that the number of Bitcoin whales
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In brief:Selling by Bitcoin miners seems to have slowed downThe reducing selling pressure could provide an opportunity for Bitcoin to break $50kMargin short positions have also capitulated pointing to a bullish future for BitcoinBitcoin could soon test $54k or even $60k in the days to followSelling by Bitcoin miners appears
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Last week's mining revenue eclipsed the previous record set in mid December 2017. Source
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Bitcoin’s price rally is proving a windfall for the miners of the world’s biggest blockchain. Miners collected a record single-hour revenue of $4.06 million during the 60 minutes to 17:00 UTC on Thursday, according to data provided by the blockchain analytics firm Glassnode. Transaction fees accounted for more than $47,000
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A shipment of devices said to be worth up to $60 million was set up in the city of Bratsk and set to mining bitcoin. Source
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Bitcoin miners generated an estimated $1.1 billion in revenue in January, up 62% from December, according to on-chain data from Coin Metrics analyzed by CryptoX.The surge in revenue came as bitcoin‘s price climbed from $29,000 to just below $42,000 in the first half of the month before levelling off through
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