Tag: BTCDAI

Bitcoin Mining Difficulty Lowered For the First Time in 2021 Amid Chinese Crackdown on Crypto Mining

Bitcoin mining difficulty has been lowered by 1.27% to 21.45 T for the first time in 2021 amid the Chinese crackdown on crypto mining farms in inner Mongolian regions. The Chinese province has drafted a bill to shut down all crypto mining operations and other high energy-consuming industrial activities regions as it failed to meet […]

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Breaking: Bitcoin Mining Firm Cipher Set to Go Public at $2 Billion Valuation With SPAC Merger

Cipher Mining, a bitcoin mining subsidiary of mining hardware manufacturer Bitfury is all set to go public with a $2 billion valuation. The firm would merge with Special Purpose Acquisition Company (SPAC) Good Works Acquisition Corp for its public listing. SPACs have become quite a rage over the past year and crypto companies seem to […]

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Just-In: MicroStrategy Buys Additional $10 Million Worth of Bitcoin in Cash

MicroStrategy has bought $10 million worth of additional Bitcoin today at $48,888 per piece. The software giant has been at the forefront of institutional Bitcoin purchase, having already bought over $2.196 billion in total Bitcoin purchase. The institutional giant now holds a total of 91,064 bitcoin in its treasury. MicroStrategy has purchased an additional ~205 […]

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Coinbase Registers Second 12K Bitcoin (BTC) Outflow In A Week, U.S. Institutional Buyers Holding Strongly

In a broader cryptocurrency market correction, the Bitcoin (BTC) price has tanked 6% today slipping below $47,000. As of press time, BTC is trading at a rate of $46,784 with a market cap of $875 billion. The latest Bitcoin price correction comes amid the drying up of trading volumes. However, it turns out that institutional […]

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Bitcoin (BTC) Tanks 7% As Bull Investors and Trading Volumes Are Exhausted, Consolidation Kick-In

Bitcoin (BTC) and the overall cryptocurrency market are once again under pressure. At press time, Bitcoin (BTC) is down 7.13% trading at $47,150 levels and market cap slipping below $900 billion. After taking a momentary dip below sub $44,000 levels last Sunday, February 28, Bitcoin (BTC) once again bounced to its all-time high above $52,000 […]

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Bitcoin Price Prediction: BTC freefall to $42,000 beckons amid extremely drained bullish front

Bitcoin rejection from $52,000 leads to unstoppable declines under $50,000. Technical indicators flip bearish for Bitcoin, adding weight to the impending price drop. The IOMAP model reveals immense resistance ahead of BTC and robust support, hinting at a potential consolidation. Bitcoin continues to explore price levels under $50,000 following a recent rejection at $52,000. Initially, […]

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Bloomberg: Bitcoin Price Expected to Rise 100x an Ounce of Gold

A Bloomberg Intelligence report has analyzed the bitcoin market and its growing stature as the digital store of value. The report looked into various aspects of the top cryptocurrency, including its declining volatility, rising adoption, and growing inflow of funds from a traditional store of value assets such as gold, stocks, and bonds. Bitcoin in […]

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ADA/USD Correlation With BTC/USD Dips to Negative, An Extremely Rare Occurance

Cardano (ADA), currently the third-largest cryptocurrency by market cap has recorded an extremely rare feat, where ADA/USD correlation with BTC/USD fell into negative territory, in what many considered almost impossible for a non-stable coin. ADA had recorded a phenomenal run in the last couple of weeks of February registering its all-time-high of $1.48 and replaced […]

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Chinese Crypto Exchange Huobi Plans Its Owns Grayscale-Like Crypto Funds for Asia

As the Asian cryptocurrency market continues to mature, Asia’s biggest crypto trading platform Huobi cites an opportunity here! As per the latest info from Chinese journalist Wu Blockchain, Huobi Global is planning to launch cryptocurrency funds similar to Grayscale, but for the Asia markets. The announcement by the reporter states: “Breaking: China’s largest exchange Huobi […]

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Crypto Analysts Warn About a Possible Bull Trap As Bitcoin Price Rises Above $52K

Bitcoin price finally broke out above $50,000 to record a new daily high of over $52,667 after spending the last two weeks under $50K. The key on-chain metrics is signalling bullish sign with the exchange Bitcoin volumes on the decline while whales continue to accumulate Bitcoin as Coinbase registered another 12K Bitcoin outflow yesterday. While […]

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