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Bitcoin Mining Difficulty Rises to ATH amid Market Wide Shortage of Mining Chips

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

Bitcoin mining difficulty has peaked to a new all-time-high almost for the first time in three months when the bitcoin bull run started towards the end of October 2020. The low bitcoin mining difficulty throughout the bull run suggests that there was less pressure on miners as the rising price compensated for them. 📈 #Bitcoin […]

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Is Peter Schiff Secretly Accumulating Bitcoin? Schiff Gold Website Accepting BTC Payment

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

Peter Schiff, the well-known gold proponent who is often in the headlines for his Bitcoin rants has found himself in a tricky situation when Peter McCormack pointed out that his website Schiff Gold allows people to purchase gold using bitcoin and a few other altcoins. Now, this is awkward… https://t.co/iuia46BC3X pic.twitter.com/MA7gbe14TH — Peter McCormack (@PeterMcCormack) […]

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Grayscale Brings a Bunch of Altcoin Investment Products to Its Offerings, Continues BTC Buying

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

Digital asset manager Grayscale is further expanding into its product offering as the crypto market continues to gain maturity with time. The company has reportedly incorporated six more trusts for some of the lesser-known yet interesting altcoin projects like Chainlink (LINK), Tezos (XTZ), Basic Attention Token (BAT), and Filecoin (Filecoin). Grayscale has incorporated six more […]

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Grayscale Bitcoin Trust [GBTC] Premiums Drop to Lowest Since March 2017

January 22, 2021 , , , , , , , , , , , , , , , , , , , Eddy 0

As reported by Bloomberg, the Grayscale Bitcoin Trust [GBTC] premiums fall by 40% during recent crypto meltdown as GBTC itself fall by 15% WoW. For the first time since March 2017, fall in prices of GBTC [15%] has outpaced that of Bitcoin itself [13%] on the weekly timeframe. Investors Might be Dumping Their Positions in […]

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MicroStratergy Buys The Bitcoin Dip Again With $10 Million BTC Purchase

January 22, 2021 , , , , , , , , , , , , , , , , , , , , , , Eddy 0

MicroStrategy, the software giant with over $1.3 billion bitcoin purchase in the past 6 months has bought the bitcoin dip again with a $10 million purchase at $31,808 apiece, taking their total bitcoin holding to 70784 worth $2.27 billion. MicroStrategy has purchased approximately 314 bitcoins for $10.0 million in cash in accordance with its Treasury […]

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Market Correction Or Bull’s Strategy, Why this Bitcoin Dip Might be Bullish And Not Bearish?

January 22, 2021 , , , , , , , , , , , , , , , , , , , Eddy 0

On-chain Bitcoin metrics suggest that the price correction might play in bitcoin’s favor as whale accumulation has seen a significant surge over the past couple of days. Bitcoin price correction of 13% yesterday took it to below $30,000 level for the first time in 3 months, raising speculation about a long due market correction. 📈 […]

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Bearish Sentiment in BTC as Bitcoin Miners Dump BTC At Exchanges

January 22, 2021 , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin on-chain analysis is indicating that Bitcoin miners are dumping BTC at exchanges. Earlier, Bitcoin (BTC) tanked more than 13% earlier today going all the way below $30,000 levels. Although BTC has partially recovered and currently trading around $31,000 levels the bearish sentiment continues in the market as per on-chain data. Major points: F2P Pool […]

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Bitcoin Price Dips Below $30,000 as Coinbase Premium Goes to -122

January 22, 2021 , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

At present, the Coinbase premium is running in negative at -122 suggesting the selling pressure is high and whales are more likely to sell than hodling. Coinbase Premium is the bitcoin price difference in USDT on Coinbase and Binance. During the peak of the bull season, the extensive buying by whales took the price of […]

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