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Bitcoin Miners’ Reserves Drops to Lowest Level Since 2021
29.2.2024
Bitcoin (BTC) miners are offloading part of their assets as they look towards the upcoming halving amid increased market activity.
The post Bitcoin Miners’ Reserves Drops to Lowest Level Since 2021 appeared first on Cryptonews
Crypto Miners Still Selling Their Bitcoin as Reward Halving Looms, Blockchain Data Show
29.2.2024
The number of bitcoin held in wallets tied to miners has dropped to the lowest since mid-2021
Bitcoin Miners Face Adapt or Perish Scenario as Halving Approaches in Under 60 Days
23.2.2024
Data indicates that we’re 96% through the journey to the next Bitcoin halving event, with under two months remaining until the reward for mining a block is reduced from 6.25 to 3.125 bitcoins. Although it’s still premature to pinpoint the precise date—given the average...
Bitcoin Network Faces Downturn in Transactions and Fees as Halving Approaches
19.2.2024
The volume of daily transactions on the Bitcoin network has seen a significant decline since Jan. 28, 2024, with numbers falling from peaks above 600,000 to below 300,000 transactions per day. This downturn is in sync with a decrease in the daily creation of Ordinal inscriptions, overall easing...
Bitcoin Mining Firms Terawulf and Cleanspark Ramp up Hashrates, Boost Financial Footing
16.2.2024
This week witnessed significant expansions in the bitcoin mining sector, with two leading firms unveiling substantial increases in their operational hashrate. Terawulf disclosed that its self-mining business has escalated to 7.6 exahash per second (EH/s) this month. Concurrently, Cleanspark...
Bitcoin Price Below $80,000 At Halving Could Trigger Miner Losses – Fidelity
16.2.2024
Fidelity Digital Assets speculates losses for some miners if the Bitcoin price remains under $80,000 after the upcoming halving in April. The company released its 2024 market outlook, highlighting the growth recorded so far in Bitcoin, the state of miners, and possible perspectives for the near...
Ethiopia’s Affordable Hydropower and Adoption of Crypto Mining Attracts Chinese Bitcoin Miners
13.2.2024
The Ethiopian state electricity company has reportedly signed power supply agreements with 21 mainly Chinese bitcoin miners. The African country’s pursuit of foreign exchange has seemingly taken precedence over the concerns often raised by climate change advocates. Ethiopia Set to Become...
Cheap Energy Cost Fuels Chinese Bitcoin Miners Migration to Ethiopia
12.2.2024
Ethiopia has become a lucrative destination for Bitcoin miners with lower energy costs and friendly government policies driving the move. According to Bloomberg, Bitcoin miners from China and other countries are setting up shop in the East African country followed by energy deals with electricity...
Bitcoin Miner Shares Offer Good Entry Point Ahead of Halving Event: Bernstein
9.2.2024
The cryptocurrency has performed well before the halving and is likely to sustain momentum for the rest of the year, leading to new highs in 2024, the report said
Bitcoin Surges Past $45,000 as Miner Selling Pressure Eases: CryptoQuant
8.2.2024
Bitcoin has surged over 4% in the past 24 hours, edging closer to the $45,000 threshold for the first time since mid-January. At the time of reporting, Bitcoin was trading at approximately $44,800, marking a 4.6% increase within the day and a notable 6.3% surge over the past week. While the influx...
Bitcoin Miner Selling Ahead of Halving Is Capping Prices: Bitfinex
6.2.2024
Miner reserves saw continued net outflows since bitcoin ETF debut, falling to its lowest level since June 2021, CryptoQuant data shows
Core Scientific Becomes North America’s Largest Listed Bitcoin Producer, Generating 19,274 BTC in 2023
1.2.2024
Core Scientific has cemented its position as the largest listed Bitcoin (BTC) producer in North America, generating an impressive 19,274 BTC in 2023. In a recent post on X (formerly Twitter), the crypto miner said 13,762 BTC were mined by the company itself in its state-of-the-art data centers...
Bitcoin’s Fourth Halving May Unleash the ‘Mother of All Reorgs,’ Ordiscan Founder Predicts
27.1.2024
The crypto community is abuzz with anticipation for the upcoming Bitcoin network halving event, projected to occur on or around April 20, 2024. This event is sparking widespread speculation about its distinct importance. As the fourth Bitcoin halving nears, a theory of a potential major blockchain...
Bitcoin Mining Rig Maker Canaan Secures $50 Million In Preferred Shares Sale
26.1.2024
Bitcoin (BTC) mining rig manufacturer, Canaan Inc has raised $50 million in a new funding round by selling preferred shares. The company disclosed the development in a recent filing at the Securities and Exchange Commission (SEC) stating that funds raised will be deployed to expand research...
Do Bitcoin ETFs Kill the Bull Case for Crypto Equities?
24.1.2024
The days of rising crypto prices lifting all boats, including mining stocks, may be gone. But it still looks like being a good year for digital assets, says Alex Tapscott
Heightened Bitcoin Fees and Erratic Mining Revenues Herald Murky Shift as Halving Nears
20.1.2024
Recent statistics reveal that for the past 75 days, starting from Nov. 6, 2023, the average transaction fee on the Bitcoin network has consistently stayed over $5. Additionally, since Dec. 4, 2023, these fees have predominantly been over $10, with a single exception occurring when it briefly fell...
Bitcoin’s Ordinal Inscriptions Soar Beyond 55 Million, Achieving Third Highest Daily Record
16.1.2024
Following the weekend, the tally of Ordinal inscriptions on the Bitcoin blockchain surpassed 55 million. Notably, on Jan. 13, 2024, the blockchain witnessed its third-highest day of inscriptions, settling an impressive 477,751 inscription-based transactions on Saturday. Additionally, from...
Across-the-Board Crypto Stock Declines Erode Earlier Profit Streaks
13.1.2024
Although spot Bitcoin exchange-traded funds saw substantial trading activity on Thursday and Friday, publicly-listed crypto companies faced a different fate, with several equities experiencing significant losses when the market closed on Friday. For instance, Marathon Digital Holdings’ shares...
Bitcoin Miner Outflows Hit Six-Year Highs Ahead of Halving, Sparking Mixed Signals
12.1.2024
CryptoQuant data shows that miners are moving bitcoin to exchanges, likely because of a need to build more liquidity in anticipation of higher capital expenditures
Bitcoin ETF Approval Is Historic Moment for BTC, Miners: Analysts
11.1.2024
Mining stocks represent an attractive opportunity for investors looking to gain access to the long-term bitcoin adoption trade, the analysts wrote