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United States Crypto Miners Are Now Using as Much Power as Houston

Powers Combined Even if the crypto market isn't exactly growing in terms of profit, miners it are certainly increasing their energy consumption. The New York Times reported this week that just seven of the biggest Bitcoin mining companies are now using nearly as much electricity as all the homes in Houston combined, meaning that all crypto mining […] дальше »

2022-7-20 17:54


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VCs Pour In $30 Billion, A 4x of 2018’s High, Into The Cryptocurrency Market In 2021

Venture capital funds have poured about $30 billion into the cryptocurrency market in 2021, which is more funding than all the previous years combined. The previous high was around $8 billion in 2018, during the bear market following the 2017 bull market where Bitcoin hit a new all-time high of $20,000. дальше »

2021-12-20 17:47


Bitcoin Fundamentals Suggest Cryptocurrency Is Massively Undervalued

Bitcoin price action might not reflect it, but the leading cryptocurrency by market cap could be massively undervalued, according to a variety of fundamental metrics that focus on coin issuance. These tools are widely known, but when combined paint a clear picture that backs up any chance that the top coin by market cap is actually undervalued at $40,000 per BTC. дальше »

2021-8-2 23:00


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Mammoth Surge Of Bitcoin Outflows From Crypto Exchanges Signal Fresh Market Push

Bitcoin traders are expecting an upside push in prices in the short to medium term following a substantial fall in the supply of BTC in exchanges over the past few days. Cryptocurrency exchanges have lost a combined total supply of about 40,000 BTC in the last three weeks according to Glassnode analysts. “This represents approximately […] дальше »

2021-7-13 18:03


Chinese Company Meitu Buys Another $10M Bitcoin, Now Owns $100 Million in BTC and Ether

Publicly-traded Chinese company Meitu announced the purchase of an additional 175. 6 Bitcoin at approximately $10 million, as per the filing published on April 8. With this latest purchase, the company has completed its $100 million worth of crypto, Bitcoin, and Ether combined, accumulating ever since adopting a “cryptocurrency investment plan” in March this year. дальше »

2021-4-9 20:05


Bitcoin Supply in Exchange Wallets Reaches 2.5 Year Low

Nearly 18,500 bitcoins (BTC) worth $625 million have moved off exchanges over the last week. The bitcoin price had surged over 3,5% at press time and now sits at almost $37,000. Combined with a large liquidity crunch currently seen on crypto exchanges, increasing demand, and the awaited resolution of lengthy consolidation, it may be time … Continued The post Bitcoin Supply in Exchange Wallets Reaches 2.5 Year Low appeared first on BeInCrypto. дальше »

2021-2-3 19:33