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Bitcoin Miners Likely Behind Crash Below $19K, Here’s Why

July 4, 2022 Bitcoin (BTC), Bitcoin mining, Bitcoin News, Bitcoin Price, News Eddy 0

Bitcoin prices have registered a drop of over 10% in the past 7 days. The data suggest that high selling pressure from BTC miners has directed its price to crash below the crucial price level of $19K. BTC miners’ sell-off surges Julio Moreno, a senior analyst at Cryptoquant has suggested that the crypto market is […]

Grayscale Bitcoin Trust (GBTC) Trades At 34% Discount, Should You Buy?

June 20, 2022 Bitcoin, Bitcoin News, Bitcoin premium, News Eddy 0

Bitcoin prices have plummeted this year, pulling down the valuations of several equity instruments that track the token. But the Grayscale Bitcoin Trust (GBTC)- an equity instrument that tracks Bitcoin- has fared even worse than the token it is based on. While Bitcoin is down about 55% so far this year, data from Google shows […]

As Bitcoin reclaims $20K, Here’s How Bullish Signs Fare

June 20, 2022 Bitcoin, bitcoin bottom, Bitcoin News Eddy 0

From going to a 24 hour low of $18,589, Bitcoin had in the last few hours regained significantly and had a ripple effect on the entire crypto space. A majority of top 100 coins are at the moment trading in the upward trajectory thanks to Bitcoin’s 10.33% rise in the last 24 hours. As of […]

Crypto News: Washington State Raises Bitcoin Mining Charges By 29%

June 12, 2022 Bitcoin, Bitcoin mining, Bitcoin mining activity, Bitcoin News, Chelan county, crypto, U.S., Washington D.C Eddy 0

The charges to access hydroelectric power for Bitcoin Mining F has now gone up by 29% in Washinton state located in Western United States. The new raise was commissioned by a Public Utility District Commissioner of the Chelan county, Gary Arsenault, and became effective on June 1st, 2022. The raise is important for business Even […]

Just In: Jack Dorsey’s New Crypto Venture For Accelerating Adoption

June 10, 2022 Bitcoin Adoption, Bitcoin News, Jack Dorsey Eddy 0

At a time when instances of fraud are rising in the crypto industry, education platforms are proving to be the real deal. Several dedicated Bitcoin education platforms are bridging the knowledge gap to help further the adoption. In the long term, subjects relating to Bitcoin and the blockchain ecosystem could reduce animosity in wake of […]

Can Bitcoin (BTC) Crash To $15K After U.S. Inflation Data Today?

June 10, 2022 Bitcoin (BTC), Bitcoin News, News, U.S. Inflation Data Eddy 0

U.S. inflation data due later on Friday is expected to send ripples across markets, and could possibly break Bitcoin (BTC) out of its narrow trading range. Bitcoin (BTC) is trading around $30,000- a level it has flitted around for over a month. While any attempts to break above $32,000 are met with resistance, traders also […]

Is Bitcoin Bottom In Already? Fundstrat Co-founder Tom Lee Predicts BTC’s Next Moves

June 10, 2022 Bitcoin, Bitcoin News, Bullish, Crypto News, Crypto Winter, Cryptocurrency, Fundstrat, News, prediction, price prediction, Tom Lee Eddy 0

In a recent interview with CNBC, the Managing Partner and Co-founder of Fundstrat Global Advisors, Tom Lee, shares his beliefs about Bitcoin hitting rock bottom already. According to Tom, ‘Bitcoin is doing far better than what everybody expected’ It’s already crypto winter – Tom Lee When asked by the interviewer if he is still sticking […]

No Bitcoin Recovery Soon? Net Outlows Breach $698 Mln

June 4, 2022 Bitcoin (BTC), Bitcoin News, Bitcoin Price, News Eddy 0

The Bitcoin (BTC) again dropped below the crucial price level of $30k. Recently, BTC went on to touch the $32K price level. However, experts called it bear fakeout and mentioned not to fall for it. Meanwhile, the pundits have suggested that this bear market condition can continue further. Fed Rate hikes wallop BTC Last month […]

Bitcoin Miners Are Dumping Tokens, How Will Prices React?

June 2, 2022 Bitcoin, Bitcoin mining, Bitcoin News, News Eddy 0

Bitcoin miners have begun selling their holdings on the open market, as a price crash pressured their finances. A report by Bitcoin miner Compass Mining shows that several U.S.-based miners have begun offloading their holdings on the open market. Coupled with a decline in Bitcoin prices, miners are also dealing with rising difficulty in mining. […]

Here’s Why Bitcoin (BTC) Could Bottom Out At $23K

June 1, 2022 Bitcoin (BTC), Bitcoin News, News, Rekt Capital Eddy 0

Popular analyst Rekt Capital believes the BTC price will form a bottom at around $23k to the 200-week moving average (200-WMA). In fact, the recent Bitcoin recovery could be short-lived as historically, Bitcoin had formed macro double bottoms at the 200-WMA. The Bitcoin (BTC) price is currently trading sideways above $31,500 levels, rising higher in […]

Tag: Bitcoin News