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Undoubtedly, 2022 was one of the worst years for Bitcoin (BTC) buyers, primarily because the asset’s price dropped by 65%. While there were some explicit reasons for the drop, such as the LUNA-UST crash in May and the FTX implosion in November, the most important reason was the U.S. Federal
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As margins continue to compress, miners will have to look at how they can participate in “demand response programs,” meaning selling power back to the grid in times of high demand, as well as recapturing heat from mining rigs and using stranded energy, Bulovic said. “Miners who have a real
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Cardano (ADA) remains one of the hardest-hit cryptocurrencies even before the bear market was officially in full bloom. The digital asset which had seen returns higher than 1,000% during the 2021 bull run would eventually see almost the entirety of those gains wiped out. Despite this, it had been able
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Dogecoin (DOGE) has seen some of the worst declines in the last week. The meme coin is already down double-digits during this time and is also recording losses on the daily charts. While this is not out of the ordinary given the current crypto market trend, the digital asset has
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Arthur Hayes, the co-founder of crypto derivatives platform BitMEX and Bitcoin pioneer, has spoken out about the current state of the market in an interview with Scott Melker. Despite the threat of a looming recession in the U.S., Hayes believes Bitcoin is in a bottom phase. According to him, the origin
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Core Scientific, Bitfarms and Genesis Digital Assets are among miners that have direct and indirect exposure to the contagion. Source
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It’s a question that was asked earlier this year on the company's first-quarter earnings call (with bitcoin at about $30,000), and then-outgoing Chief Financial Officer Phong Le suggested a price at or below $21,000 could serve as a trigger point for a margin call. Saylor, however, was quick to clarify
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Solana (SOL) has been one of the tokens hit by the FTX decline in the last few days. Given FTX’s exposure to
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Cardano’s price started a major decline after it broke the key $0.4200 support. ADA could continue to move down unless it settles
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Bitcoin trends lower moving towards the bottom of a range created in July when the cryptocurrency scored a multi-year low at $17,600.
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