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Over 30% of Bitcoin supply now in loss amid crypto price rot

Bitcoin’s recent struggle since dipping below has seen more of the coin’s supply shift from a position of profitability, with 30%+ of supply in a loss. The cryptocurrency is trying to bounce above support-turned-resistance level around $38k, having fluctuated to lows of $36,350 amid broader market sell-off early Tuesday, According to on-chain analytics platform Glassnode, […] The post Over 30% of Bitcoin supply now in loss amid crypto price rot appeared first on Invezz. дальше »

2022-2-23 01:33

Bitcoin ‘death cross’ watch. What could the technical omen portend?

The price of Bitcoin fought its way up 2. 9% during the past 24-hours, while general market sentiment remains in the zone of ‘extreme fear. ’ To give this sentiment some wider context–the announcement of the Federal Reserve planning to raise interest rates to curb inflation came accompanied by the International Monetary Fund (IMF) warning about a […] The post Bitcoin ‘death cross’ watch. дальше »

2022-1-13 03:00

Thailand’s small entrepreneurs tapped into lucrative Bitcoin mining–buying up rigs from China 

Lucrative Bitcoin mining is reportedly on the upswing in Thailand–thanks to cheap leftover hardware purchased from China, Al Jazeera reported.   Over 50% of the industry was forced to relocate in May after China imposed a ban on mining crypto, and while big operations found their new bases in countries like the US, Kazakhstan, and Canada, […] The post Thailand’s small entrepreneurs tapped into lucrative Bitcoin mining–buying up rigs from China  appeared first on CryptoSlate. дальше »

2021-12-31 09:30

This Bitcoin on-chain analyst says retail hasn’t “bought the dip this hard” since the Covid crash

While the Bitcoin price continues to stubbornly move sideways, market watchers are wondering how the year will end–is there time for another rally or will the support at $46.000 cave? Despite the tight trading range over the past two weeks, popular Bitcoin on-chain analyst Willy Woo pointed out indicators that are showing no signs of […] The post This Bitcoin on-chain analyst says retail hasn’t “bought the dip this hard” since the Covid crash appeared first on CryptoSlate. дальше »

2021-12-16 11:00