Cryptocurrency Analysis and News Portal
Rockstar Games announces Grand Theft Auto V for PS5 during the console’s big reveal event. The company also confirms that GTA Online will be released as a standalone title on the console in 2021. It suggests that Rockstar now sees microtransactions as far more critical than selling copies of its games. With a
Read More
[sociallocker id="55298"] Bitcoin (BTC) miners are setting up a bullish trend despite large sell-offs around the halving, a new data metric suggests. According to Glassnode’s Miner Outflow Multiple (MOM), outflows from mining pools compared to their one-year moving average are nearing all-time lows.Demeester “bullish” on BTC miner dataMOM calculates coins leaving
Read More
[sociallocker id="55298"] Despite Tuesday’s sudden price decline, miner flows suggest the bitcoin market remains strong. The biggest cryptocurrency by market value fell 8% from $10,137 to $9,298 in less than 5 minutes during Tuesday’s U.S. trading hours, dashing hopes for a continued upward move. The price drop, however, has not deterred miners
Read More
[sociallocker id="55298"] Weaker bitcoin miners are engaging in massive selloffs as Bitmain debuts a cheaper model in the Antminer series. Inefficient Miners Offloading Bitcoin Likely Signaling Capitulation Smaller Bitcoin miners appear to be capitulating as figures show massive BTC selling. This trend comes as the May halving sees block reward slashed by
Read More
[sociallocker id="55298"] Last week, Bitcoin (BTC) miners sold 11 per cent more coins than they generated over the same period, June 1 data from on-chain analysis portal ByteTree suggests.According to the portal's metric that tracks Bitcoin wallet addresses associated with miners, around 5,800 BTC was generated over the past seven
Read More
Bitcoin is seeing a downward selling pressure as it fails to hold $9000 support levels. After the Bitcoin halving, miners are selling more than they mine to meet the surging operational costs.On Sunday, May 24, the Bitcoin (BTC) price crashed nearly 5% to slip below $9000 levels following a downward
Read More
With less than a week to go before the expected May 12 halving event, bitcoin's price is swinging upward. The crypto derivatives market is helping to hedge the uncertainty on which way the bitcoin market will go when miners have less revenue after the halving. In early trading at 00:00 UTC,
Read More
A large Bitcoin (BTC) whale holding 68,000 BTC ($523 million), has not moved the funds for more than five years and on-chain data shows other whales have similarly held onto their BTC for 4.7 years on average.Although Bitcoin is the top ranked cryptocurrency on CoinMarketCap, whales holding on to the
Read More
Altcoins — crypto assets that are not Bitcoin — have done extremely well over the past four weeks.Per data from TradingView.com, after reaching 68%, Bitcoin dominance — the percentage of the crypto market that consists of BTC — has fallen to 64%. It’s a 4% drop that amounts to billions
Read More
Russian authorities have arrested a group of several dozen individuals who allegedly sold more than 1 billion counterfeit rubles (roughly $13.6 million in nominal value) for crypto assets over the dark web.The Russian Ministry of Internal Affairs has described the scale and scope of the operation as unprecedented.Russian police
Read More