Bitcoin Price

Bitcoin has been losing value for months because of, among other market variables, limited liquidity circumstances and targeted dumping of high beta technology equities. Since the 2008 global financial crisis, low interest rates have caused broad market valuations to reach extraordinary levels. Now, according to analysts, the decade-long bubble has burst, and assets are returning

Bitcoin price nosedived to $35,100 on Thursday, down from $43,110 a week earlier, while other major cryptocurrencies plunged as a series of explosions were heard in the distance before sunrise in Ukraine’s capital city of Kyiv and Kharkiv, multiple news outlets reported Thursday. The cities of Kyiv and Kharkiv are home to millions of Ukrainians.

Georgia’s crypto mining economy has evolved into a global leader in recent years, largely because of low taxes and affordable electricity rates, as well as a libertarian regulatory environment. Despite its small population, Georgia contributes nearly 1% of the industry’s total hash rate, according to a study by Arcane Research. Although Georgia is a non-entity

Proof-of-work bitcoin mining should be banned, according to the vice chair of the European Securities and Markets Authority. Erik Thedéen suggested that European authorities explore prohibiting proof-of-work mining in favor of proof-of-stake mining. Thedeen Argues That POW Threatens Climate Change Based on the industry’s high energy consumption, Erik Thedéen, deputy chair of the European Securities

Believe it or not, in 2021, Bitcoin mining stocks have outperformed the king of cryptocurrencies. This crowns the phenomenal year the whole Bitcoin industry has had. However, consider Arcane Research’s warning, “an investment in mining companies carries a much higher risk than an investment in bitcoin itself.” As with any other complex business venture, a

Earlier in April, an accident at a Chinese coal mine in Xinjiang sent Bitcoin network’s hash rate plummeting 30% in a span of a day, which crippled the major cryptocurrency’s rally.  Now, Bitcoin’s hash rate is suffering a similar loss as miners based in Sichuan, China face limitations on power usage.  The State Grid in

A surprising price recovery in the cryptocurrency market led by Bitcoin caught bears on the wrong side of the trade this Monday. Bears lost $1 billion on their leveraged short bets, according to data provided by ByBt.com. The BTC/USD exchange rate rebounded to an intraday high of $38,750 before correcting lower short-term profit-taking sentiment. At

Morale is down in Bitcoinland and so are the number of DAA. Does this mean that we already reached the top of this cycle? It might, but that’s not set in stone. We’re in no man’s land and our compass is pointing everywhere at once. Technical indicators contradict each other, and nobody seems to know

The market needs a boost, that much is for sure. Luckily, the Bitcoin 2021 conference in Miami is just around the corner. Would that be enough to wake up the sleeping giant? It might. It might now. Nevertheless, for sure it’ll raise morale and give to the community and experience to rally around. And that’s

Tesla CEO Elon Musk tweeted earlier this Sunday that the electric carmaker would resume its Bitcoin transactions once verified crypto mining operations utilise more renewable energy.  “When there’s confirmation of reasonable (~50 percent) clean energy usage by miners with [a] positive future trend, Tesla will resume allowing Bitcoin transactions,” he wrote.  This is inaccurate. Tesla

Sadly for them, paper hands people are breaking all kinds of records. Nobody expected a Bitcoin winter this early, and recent investors who lack conviction have been selling at a loss for a while now. Glassnode informs, “After breaking new records on absolute dollar denominated losses in May, the market capitulated yet again this week,

The legendary Mircea Popescu is allegedly dead. It’s rumored that, besides Satoshi Nakamoto, he was the only bitcoin millionaire. He started that rumor. Where are those coins and what will happen to them? The news of his death arrived via news reports from Costa Rica, his country of residence. This article says, “A 41 year

Let’s do this! It’s time for another dose of Saifedean Ammous’ “The Bitcoin Standard.” Today we’re going to learn about the magical properties of “price.” A tool so ever-present that it’s easy to take it for granted. Yet, as we’re going to learn, society couldn’t organize without prices. This fact is both obvious and easy

Is Bitcoin a commodity? It is, according to most regulatory agencies including the CFTC. But is Bitcoin a store of value (SoV) commodity? That seems to be the current consensus. Most of the investors are treating it as so, and calling it “Gold 2.0.” Well, if that’s the case, then Bitcoin should follow the stock-to-flow

Total Bitcoin miner revenue has been on a steady uptrend since the start of the year, hitting its new all time high on Friday. According to figures from on-chain analytics site Glassnode, miners are now making an aggregate $64 million from newly minted coins and fees — up nearly 400% since a year ago. It’s

After weeks of gut-wrenching volatility, the start of April has been much kinder to Bitcoin. Following a record-breaking $6.4b options expiry, Bitcoin’s price action has been far less volatile in the past few days. According to the Bitcoin Volatility Index, its 30-day volatility has dropped from a high of 5.34% on March 9 to 3.42%

Last week was suspenseful for Bitcoin. The cryptocurrency market was expecting a super-volatile period as about $6 billion worth of options neared their expiry. Many bears maintained their put options strike rate to near $47,500 — and even tried their very best to crash the bitcoin price to the same level. Nevertheless, bulls went an

The past few weeks have been hard on crypto bulls, as Bitcoin and the broader crypto market continued to sell off. Since reaching an all-time-high of $61,500, Bitcoin plunged 16% in a matter of a few weeks, shedding $100 billion in market capitalization. The major cryptocurrency saw signs of life as Elon Musk’s tweet sent

Bitcoin price remains nearly 10% below recent highs, as the major cryptocurrency continues its slump after early last week’s sell off. Since hitting a new all-time high of $61k, BTC has continued to face downward pressure, hovering around the $54,000 price level. The past week’s volatility has resulted in bulls losing nearly $2.6 billion in

There are now more active addresses than ever holding Bitcoin. After continuing to grow at a parabolic rate, the total number of non-zero Bitcoin addresses hit an all-time high of 36,896,000 earlier this Friday. The figure has then dropped back to approximately 36,770,000 on Sunday afternoon, according to data from on-chain analytics site Glassnode.  This