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90% Of Large Bitcoin Trades Comes From China: Report

90% Of Large Bitcoin Trades Comes From China: Report

January 23, 2021 , , , , , , , , , , , Eddy 0

Although Bitcoin is still officially banned in China, the country portrays the most significant chunk of BTC trading volume, new research says. Additionally, the world’s most populated continent, Asia, occupies the largest market share, whale activity, and larger trades. China Dominates The Crypto Field China’s government has repeatedly outlined that BTC is officially banned within […]

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Despite the Crash: Bitcoin Fundamentals Remain Stronger Than Ever

Despite the Crash: Bitcoin Fundamentals Remain Stronger Than Ever

January 11, 2021 , , , , , , , , , Eddy 0

Although the price of bitcoin has crashed in the past 24 hours with double-digit percetages, the network’s fundamentals remain strong. Recent data indicated that BTC’s mining difficulty and the hash rate had reached new all-time highs. BTC Mining Difficulty And Hash Rate ATHs The mining difficulty on the BTC network goes through an automatic adjustment […]

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Bitcoin Miners’ Exchange Flow Surges By 270%: Possible Price Dip Incoming?

Bitcoin Miners’ Exchange Flow Surges By 270%: Possible Price Dip Incoming?

November 9, 2020 , , , , , , , , , Eddy 0

Data from the on-chain analytics resource Glassnode indicates that Bitcoin miners have sent sizeable BTC portions to exchanges in the past 24 hours. With the asset price hovering above $15,500, the question remains if they are to cash out profits and possibly drive Bitcoin south. Miners Send BTC To Exchanges Implies A Price Dip? Bitcoin […]

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Bitcoin hash rate drops over 10% as Chinese miners migrate to fossil fuel plants

Bitcoin hash rate drops over 10% as Chinese miners migrate to fossil fuel plants

October 28, 2020 , , , , Eddy 0

Bitcoin’s 7-day rolling average hash rate has dropped by over 10% since earlier this month — in large part thanks to the change in season. The average total computing power competing to mine Bitcoin was around 142 exahashes per second (EH/s) for the first two weeks of October, according to data from BTC.com. But since […]

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Despite Minor Sell-Offs, Bitcoin [BTC] Inches Closer to $14K, What’s Next?

October 28, 2020 , , , , , , , , Eddy 0

Bitcoin has been riding quite high of late. Despite a rather dull performance by Ethereum and the rest of the altcoin market, Bitcoin has shown clear bullish signs and was currently up by 12.39% over the last week. It was being traded at $13,588, at the time of writing which marked a new 16-month high […]

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Here’s Why Bitcoin’s Hashrate May Drop Further This Week

Here’s Why Bitcoin’s Hashrate May Drop Further This Week

October 27, 2020 , , , , , , , , , , Eddy 0

Yesterday, the Bitcoin network witnessed approximately 22 exahashes per second (EH/s) exit the ecosystem, as noted by Hashr8’s Thomas Heller on Twitter. The self-professed “mining maximalist” also shared his estimation that we’ll see the BTC mining difficulty decline somewhere between 7.4% to 8.8% by the end of the week — a drop that, if true, […]

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