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Cryptocurrency Mining Profitability in 2020: Is It Possible?
9.8.2020
In the emerging global crypto economy, crypto mining is probably going to remain and even become more profitable in the upcoming years
Bitcoin’s Current Breakout Sets It up for $28,000, Headed for Six Figures – Max Keiser
29.7.2020
Max Keiser has predicted that bitcoin’s current bullish pattern will lead toward a price of $28,000. While the bitcoin bull does not give a timeframe when this is likely to happen, he believes that, thanks to relentless government money printing, the benchmark cryptocurrency will eventually...
Analysts Claim Bitcoin’s 76 Day Stability ‘Bullish’: Hash Ribbons Cross and 2016 Patterns
21.7.2020
The price of bitcoin has been very stable lately, and the crypto asset has been trading in a less volatile range just above $9k per coin for 76 consecutive days. After the third halving, the price of bitcoin has also been far more stable, in contrast to the price action after the second halving....
Miner Hoards: Q2 Bitcoin Mining Supply Outflow Touches 12-Month Low
17.7.2020
Onchain data shows that bitcoin miners are hoarding despite the 50% loss in revenue that started on May 11, during the third reward halving. The seven-day average of bitcoin miners’ outflow volume and mining funds sent to exchanges remains significantly low. Roughly four weeks ago on June...
Survey: 60% of Bitcoin Investors Will Die With Their BTC If Price Stays Below $10,000
15.7.2020
About 60% of bitcoin investors are willing to hold their coins until they die if the price fails to breach the key $10,000 level. Now that’s according to a Twitter poll by Peter Schiff. The gold-bug asked bitcoin ‘hodlers’: “How much longer does the price of #Bitcoin have...
Bitcoin Difficulty Touches All-Time High, 120 Exahash of Hashpower Remains Strong
13.7.2020
The network difficulty for the Bitcoin network spiked over 9.8% on Monday bringing the difficulty to its highest point ever. The record high of 17.35 trillion makes it much harder for bitcoin miners to profit. However, the overall Bitcoin network hashrate has remained consistently above the...
Bitcoin Mining Difficulty Sets New Record High 2 Months After Halving
13.7.2020
Two months after the network's halving event, it's harder than ever to mine bitcoin
BTC Rush: High Prospects for Bitcoin Price as Mining Investments Boom
9.7.2020
Fresh investments into mining equipment by smaller companies signals an optimistic outlook for the future of Bitcoin
Bitcoin Price Touted to End Stagnation in Style, Surging to New High
8.7.2020
While Bitcoin’s value seems to have stagnated over the past few months, some believe that a price surge is just around the corner
Bitcoin Volatility Hits Three-Year Low, Sparking Fears of Massive Sell-Off
6.7.2020
The cryptocurrency data analytics and research company, Skew has warned that bitcoin could see a massive sell-off due to declining volatility. The data analytics firm says that bitcoin (BTC) realized volatility hit 20% over the past 10 days – it’s the lowest 10-day reading in nearly...
Demand for Bitcoin Will See a Dramatic Shift in 8 Years – Retail Addresses to Eat up Entire New Supply
2.7.2020
A recent report from ZUBR Research explains that by 2028, retail demand for bitcoin will exceed the supply. The report highlights that in eight years as Bitcoin’s supply rate decreases “retail size addresses [will] begin to eat up all the new supply alone.” Even the next halving...
Bitcoin Price Rally by 2021 Looks Likely From Five Fundamental Factors
2.7.2020
Five key fundamental factors suggest that Bitcoin is preparing for an extended uptrend by 2021
Retail May Consume 50% of Bitcoin Supply After Next Halving – Report
2.7.2020
Despite all the talk of financial institutions entering bitcoin (BTC), retail demand may in fact end up consuming more than half of all physical supply of bitcoin after the next halving, a new report by crypto derivatives exchange Zubr said.
According to the report, which analyzed data from...
Crypto Lender BlockFi Says Monthly Revenue Up 100% After Bitcoin Halving User Boost
2.7.2020
BlockFi said it's seen a surge in revenue since the bitcoin halving and the launch of its mobile app
Bitcoin Investors Pocketed 42% in Gains During the Second Quarter of 2020
1.7.2020
The second quarter of 2020 was very profitable for bitcoin investors, according to data analytics firm Skew. During the period, the top cryptocurrency climbed 42%, its fourth-best quarterly close since 2014. For the March quarter, the digital asset fell 10.6%, dragged by the massive Black Thursday...
Who’s Buying Bitcoin? Retail Demand Expected to Double by 2024 Halving
1.7.2020
New data shows Bitcoin accumulation by retail investors continues to surge despite the economic downturn and increasing inflows from institutional investors
Jarvis Labs’ Says Market Wrote off The Halving: Wakeup call Incoming
29.6.2020
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
In the Market Outlook report by Jarvis Labs, the team details how exchange flows are creating a scenario similar to what we saw in 2016 after the last halving.
With Tether adding $4.6 billion to their market...
83% of Bitcoin Addresses Currently Profitable, Says Glassnode
24.6.2020
At least 83% of existing Bitcoin addresses are currently in a state of profit, according to Glassnode. That’s a 43% increase since bitcoin’s precipitous crash on March 12, now known as the ‘Black Thursday.’ At the time, only 45% of all the BTC addresses were profitable...
Average Price of Bitcoin More Than Quadrupled Between Reward Halvings
23.6.2020
Investing in bitcoin has been somewhat of a phenomenon, as millions of individuals have invested funds into the crypto-economy since at least 2010. One specific and lucrative method of investment is dollar-cost averaging. If an individual was to invest $10 a week into purchasing bitcoins since July...
Bitcoin Hodlers Bought BTC 90% of 2020 as Halving Spawns New Whales
19.6.2020
Whale numbers have gone up 2% since the halving, while hodlers have added 233,000 BTC to their positions since the year began