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Cryptoquant Insights: Bitcoin Miners See Revenue Boost as Hashrate Soars
31.7.2024
Bitcoin miners are witnessing a resurgence in activity as the network’s hashrate approaches all-time highs, according to the latest research from Cryptoquant. This recovery is attributed to improved revenues, which have led to a reduction in selling pressure from miners. Miners Hold Steady:...
How low can the Bitcoin price go?
31.7.2024
Bitcoin’s latest rejection at $70,000 has presented some support levels below where a BTC price downtrend might stop
Price analysis 7/31: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
31.7.2024
Bitcoin bulls have held the $65,000 level, but BTC and altcoin charts show it's too early for traders to expect a short-term trend reversal
‘Crypto President High Tops’ — Trump Reveals Limited Edition Bitcoin Sneakers
31.7.2024
Former U.S. President Donald Trump announced through a recent post on Truth Social that he is launching a line of Bitcoin-themed sneakers. “Just spoke at the Bitcoin Conference in Nashville, Tennessee on Saturday. It was GREAT! Get your Bitcoin Sneakers now. These are Limited Edition, they are each...
Bitcoin Price Reversal Alert; Is the Bull Run Over for BTC?
31.7.2024
In anticipation of the US Fed meeting tonight, where Jerome Powell is expected to outline the timing and frequency of upcoming rate cuts, the cryptocurrency market experienced a downturn on Wednesday. Bitcoin and Ethereum were at the forefront of this retreat. At press time, Bitcoin (BTC)...
Crypto Fear and Greed Index Shows ‘Greed’ Despite Bitcoin’s Price Drop
31.7.2024
While bitcoin briefly reached the $70,000 mark on July 29, the price has since declined. Over the past week, BTC has decreased by 0.6%. During the last 18 days, the Crypto Fear and Greed Index (CFGI) has transitioned from “extreme fear” back to “greed.” From...
Bitcoin traders see $63K sweep with FOMC, BTC price monthly close next
31.7.2024
BTC price volatility begins ahead of key US macro pointers from the Federal Reserve, with traders hoping that Bitcoin will sweep liquidity lower in its range
Bitcoin Fails to Break $70k in Six Tries: BTC Future Outlook
31.7.2024
After a bullish movement, Bitcoin and Ethereum are showing diverging trends amidst broader market volatility. In a recent report by QCP Broadcast, analysts shed light on the current state of these leading digital assets and their potential next moves. Bitcoin’s Struggle and Ethereum’s...
US Bitcoin ETFs Record $18.3 Million in Net Outflows
31.7.2024
On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced net outflows of approximately $18.3 million, contrasting with inflows observed in their ethereum counterparts. The most significant gain was recorded by Blackrock’s IBIT, while Grayscale’s GBTC suffered the largest...
Bitcoin Network Faces Toughest Mining Difficulty Increase Since 2022
31.7.2024
The Bitcoin network has recently experienced its most significant difficulty adjustment since October 2022, with a 10.5% increase driving the metric to a record 90.67 trillion. This heightened challenge, combined with falling bitcoin prices, is intensifying the strain on miners. Miners Struggle...
BlackRock battles Bitwise as new Ethereum ETFs struggle to gain traction
31.7.2024
While Bitcoin ETFs saw positive momentum at launch, Ethereum ETFs struggle with significant outflows, indicating differing investor sentiment and regulatory impacts
Daily Crypto Update: Bitcoin and Ethereum stabilize while XRP rejoices
31.7.2024
After a whirlpool of fluctuations, it appears that the crypto market has found some stability. The top 10 cryptocurrencies have demonstrated that the industry has been relatively stable over the last 24 hours. The majority of the top cryptos ended the day in the same window as they started....
BTC price lower highs keep Bitcoin bears in control at $70K
31.7.2024
Bitcoin continues to print lower highs on the daily chart since the BTC price all-time highs in March
Bitcoin, Ether ETFs Record Outflows as Trump Speech Euphoria Fades
31.7.2024
The crypto-Trump trade appears to be softening
University of Wyoming Launches Bitcoin Research Institute to Produce High-Quality Publications
31.7.2024
The University of Wyoming has launched a Bitcoin research institute to produce high-quality peer-reviewed publications about bitcoin from all academic disciplines. The institute’s director highlighted the need for informed research, criticizing previous work for its lack of fundamental...
Michael Saylor Projects Bitcoin Price at $49 Million in 2045 Bull Scenario
31.7.2024
Microstrategy’s executive chairman, Michael Saylor, predicts that by 2045, bitcoin’s price could range from a bear case of $3 million to a bull case of $49 million, with a base case of $13 million. He highlighted bitcoin’s role in revolutionizing the global economy, advocating...
Goldman Sachs CEO Clarifies His Stance on Bitcoin
31.7.2024
Goldman Sachs CEO David Solomon clarified his stance on bitcoin during a CNBC interview, where his prior skepticism and the recent political focus on bitcoin were discussed. Although he acknowledged bitcoin’s volatility and speculative nature, Solomon stated he had “never been on...
Binance Executive Discusses Impact of US Government Potentially Holding Bitcoin as Strategic Reserve
30.7.2024
Binance’s head of VIP & Institutional views the U.S. discussion on a national bitcoin reserve as a positive sign for the crypto market. The executive notes the growing recognition of bitcoin by politicians and industry leaders, anticipating greater regulatory clarity. She stressed...
Bitcoin ‘late longs’ washed out as BTC price falls to $65K
30.7.2024
Bitcoin leveraged positions increased over the past week, and a portion of these late longs have been wiped out as BTC price dropped closer to $65,000
Mempool.space Introduces New Bitcoin Transaction Accelerator With Major Mining Pools
30.7.2024
This week, the open-source bitcoin explorer and onchain parser, mempool.space, unveiled its new bitcoin transaction accelerator. The team shared on X that it has collaborated with several major mining pools that contribute significantly to the network’s overall hashrate. Mempool.space...