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Miners Pressing Bitcoin Price, but Analyst See a Bright Future


Miners are pressing bitcoin (BTC) price now, they'll likely press it more in the near future, but the future after that has a bull in it, analysts find. Miner-led selling pressure for bitcoin is high and will probably increase even more in the months ahead as it goes through its halving expected...

400 Kraken Survey Respondents Predict Bitcoin Price Will Surpass $22K in 2020


San Francisco-based exchange Kraken conducted a poll that stems from the responses of 400 “VIP” cryptocurrency traders. Despite the current economic climate, surveyed participants indicate they still believe the cryptoconomy is in a “bull market.” Moreover, Kraken’s...

Are Miners Waiting for Bitcoin to Hit Breakeven Point?


Johnson Xu is the Chief Analyst at TokenInsight, a token data and rating agency. _____ The sharp market downturn in mid-March 2020 forced some Bitcoin (BTC) miners to switch off their mining rigs. As a result, the Bitcoin network hash rate plummeted to ~75.8 EH/s. After reaching its lowest recent...

Bitcoin Miners Are Selling Coins Faster Than They Can Generate Them


According to data sites and a number of observers, bitcoin miners are selling coins faster than they can produce them. Ever since the market downturn on March 12 and the week of falling prices that followed, bitcoin miners have been struggling. Also read: Bitcoin Hashrate Down 45% – Miners...

Panic in Bitcoin Market 'Dissipating,' Miners Returning


Bitcoin (BTC) on-chain activity and again increasing hashrate suggest positive moves in the market and the largest cryptocurrency network, according to blockchain analysis firm Glassnode. With the price stabilizing and investors slowing down the portfolios readjustments, on-chain activity has seen...

Anonymous Bitcoin SV Miners Capture 55% of the Network Hashrate


The Bitcoin SV network has been a topic of conversation recently as stealth miners currently command more than 55% of the chain’s overall hashrate during the last seven days. Last year analysts noticed a large amount of the hashrate on all three SHA256 networks (BTC, BCH, and BSV) was being...

Relief to Bitcoin Miners as Difficulty Set For Largest Drop in Five Months


Bitcoin (BTC) mining difficulty is now estimated to drop in six days, offering relief to miners, squeezed by the market crash and the current record-high mining difficulty. The next adjustment will see the difficulty, a measure that shows how hard it is to compete for mining rewards, go down...

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