Search
How Bitcoin’s strong correlation to stocks could trigger a drop to $8,000
13.7.2022
The absence of a CME Bitcoin futures premium, unrelenting record-high inflation and investor concerns over the economy are all factors weighing on BTC price
Ethereum price risks 'bear flag' breakdown, 20% drop against Bitcoin
13.7.2022
Ethereum funds have been undergoing a modest recovery after witnessing 11 weeks of continuous outflows
Survey: Investors Expect Bitcoin’s Price to Fall to $10,000
12.7.2022
A new survey shows that the majority of nearly 1,000 investors who responded expect bitcoin’s price to drop to $10K. In addition, 28% of respondents expressed strong confidence that cryptocurrencies are the future of finance while 20% said they are worthless. Investors Believe Bitcoin Could...
Despite the Price Drop, Number of Bitcoin Held on Exchanges Continues to Slide
10.7.2022
Roughly 49 days ago, the number of bitcoin held on exchange was around 2.503 million, according to statistics recorded by cryptoquant.com. Since then, $4.76 billion worth of bitcoin has been removed from centralized crypto exchanges, as there’s 2.275 million held on trading platforms today....
Bitcoin’s ‘Fundamental Value Is Not in Line With Market Price’ — Crypto Miner
10.7.2022
Profitable bitcoin mining is essentially a result of an efficient and highly skilled team of professionals that can maintain runtime, a founder of a Bitcoin mining company has asserted. Therefore, even when the price is hovering around $20,000, a bitcoin miner with these attributes can still...
Bitcoin’s Hashrate Slips Below 200 Exahash, BTC Mining Profits Drop Lower
10.7.2022
Bitcoin’s hashrate has declined in recent times after reaching an all-time high on June 8, 2022, at block height 739,928. 30-day statistics show the hashrate has slipped from 243 exahash per second (EH/s) to today’s 178.44 EH/s, losing 26.56% during that time frame. After two drops...
Bank of America’s Active Crypto Users Drop More Than 50% in Bear Market
7.7.2022
Bank of America has revealed that the number of its customers who are active crypto users has declined more than 50% from its peak in November last year. In addition, the bank said its data “shows that outflows to crypto platforms have fallen sharply,” indicating that...
Bitcoin mining stocks rebound sharply despite a 70% drop in BTC miners' revenue
6.7.2022
The rally across top Bitcoin mining stocks could trap bulls as BTC price sentiment remains gloomy
Euro Drops to 20-Year Low Against the US Dollar, Tapping $1.028 per Unit — Analyst Says Parity Is Imminent
5.7.2022
The euro has had a sluggish start to the second half of 2022 as the fiat currency slid to a 20-year low against the U.S. dollar. The drop adds to the fear that the global economy is in a recession and analysts believe that the risk of “parity is just a matter of time now.” […]
Report: Huobi to Start Layoffs That Could ‘Exceed 30%’ — Founder May Sell Stake in Company
3.7.2022
According to the Chinese journalist Colin Wu, otherwise known as “Wu Blockchain,” the cryptocurrency company Huobi may lay off 30% of the firm’s staff due to “a sharp drop in revenue.” Furthermore, the reporter claims that Huobi’s co-founder Leon Li...
Brutal Month for Bitcoin as June Ends With Biggest Drop in 11 Years
1.7.2022
Crypto markets saw heavy losses with investors increasingly worried about high inflation and Federal Reserve rate increases. Some analysts say the bitcoin price could go even lower
Bitcoin, Ethereum Technical Analysis: BTC Rebounds on Friday, Following a Drop Below $19,000
1.7.2022
Following a move below $19,000 on Thursday, BTC was able to rise above $20,000 during today’s trading session. ETH also was able to remain above $1,000, following an attempt by bears to push price under this level during yesterday’s session. Bitcoin Bitcoin was trading marginally...
Key Bitcoin price metrics say BTC bottomed, but traders still fear a drop to $10K
28.6.2022
On-chain and technical analysis indicators suggest BTC price may have bottomed, but several traders are still wary that BTC price could fall as low as $10,000 in the short-term
Glassnode Report Says Bitcoin’s 2022 Price Drop Represents a Bear Market of ‘Historic Proportions’
28.6.2022
The crypto economy has slipped under the $1 trillion mark to the $970 billion range, as a large number of digital currencies have lost more than half their USD worth since November 2021. Bitcoin is down 70% from the all-time high last year, and a new report from Glassnode Insights calls the current...
3 charts showing this Bitcoin price drop is unlike summer 2021
28.6.2022
Bitcoin looks like a different planet this year, according to several popular on-chain metrics
Goldman Cuts Coinbase to ‘Sell’ Due to Fall in Crypto Prices and Industry Activity; Shares Drop
27.6.2022
The company faces a difficult choice between shareholder dilution and effective employee compensation, the report said
How low can Ethereum price drop versus Bitcoin amid the DeFi contagion?
26.6.2022
Interestingly, Ethereum has not reclaimed its all-time high against Bitcoin since June 2017 despite the NFT craze
Bitcoin network power demand falls to 10.65GW as hash rate sees 14% drop
25.6.2022
The Bitcoin network recorded the year 2022’s lowest power demand of 10.65 gigawatts (GW). At its peak, the BTC network demanded 16.09 GW of power
Bitcoin, Ethereum Technical Analysis: Bullish Sentiment Returns to BTC Following Yesterday’s Sell-off
23.6.2022
Following yesterday’s drop in price, bitcoin stabilized during Thursday’s session, as prices hovered marginally below $21,000. Bulls are attempting to take BTC back towards this resistance level, which was broken as a result of Wednesday’s sell-off. Bitcoin BTC was trading...
Following BTC’s Price Drop, Bitcoin Miners Benefit From a 2.35% Difficulty Reduction
23.6.2022
During the past week, Bitcoin’s hashrate has dropped a few percentages after reaching 288 exahash per second (EH/s) on June 8, 2022. Bitcoin miners, however, got a break on Wednesday, June 22, as the mining difficulty dropped by 2.35% making it easier for miners to find blocks. The 2.35%...