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With almost all short-term Bitcoin holders now underwater, a “degree of panic is dominating this group,” Glassnode says. The Bitcoin (BTC) market sentiment has shifted towards the negative for the first time since the end of 2022. Almost 98% of short-term holders (STH) supply is now held at a loss, Glassnode
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"In our view, crypto (and bitcoin in particular) has been somewhat misunderstood. It is not an inflation hedge, but more of a debasement hedge that protects holders from fiscal/monetary profligacy and policy error,” Jonah Van Bourg, Global Head of Trading at Cumberland, told CryptoX in a note. “Any risk of
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Bitcoin (BTC) is beating records this Christmas as sub-$17,000 price action sparks unrivaled pain for hodlers.Data from on-chain analytics firm Glassnode shows that both short-term and long-term investors are sitting on more losses than ever before.New or old, Bitcoin hodlers nurse serious lossesSince the FTX meltdown sent crypto markets tumbling,
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Bitcoin (BTC) is setting unenviable records this week as hodlers big and small battle some major pain.Data from on-chain analytics firm Glassnode shows over one-third of the BTC supply being held at a loss by long-term hodlers (LTHs) — a new all-time high.Long-term holders shoulder record unrealized lossesProfitability has taken
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The firm has 29,640 bitcoin mining rigs waiting energization in in West Texas, it said in the update. This is largely because hosting firm Compute North's energy provider is waiting for federal regulators to approve its tax-exempt status, Marathon said. Compute North hosted about 20,000 of Marathon's machines as of
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While the exact dates for the pre-sale are not yet confirmed, the anticipation around the Chia coin project suggests it will be one of the biggest crypto fundraising events of the year.Ahead of the anticipated Chia coin project’s pre-sale, small exchanges in China are reportedly backing the fundraising while the
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Bitcoin’s price is at its 11-month high as volatility bounces back up. Meanwhile, ether’s dominance has spiked on continued growth in decentralized finance (DeFi). Bitcoin (BTC) trading around $10,998 as of 20:00 UTC (4 p.m. ET). Gaining 2.1% over the previous 24 hours.Bitcoin’s 24-hour range: $10,573-$11,422BTC above 10-day and 50-day moving
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Cross-play will be a prominent feature on the Xbox Series X and PlayStation 5. Online play with everyone is huge for accessibility. Could this be the feature to get rid of console fanboys? Cross-play has been a big talking point this console generation and will be even more significant with the Xbox Series
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American mixed martial artist and former UFC lightweight champion, Eddie Alvarez, has bought one Bitcoin (BTC). In a tweet, May 7, he claimed he “can’t sit on the sidelines any longer.”Peer pressure worksAlvarez credits fellow former MMA champion and renowned Bitcoin bull, Ben Askren, for convincing him to take the
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