Category: Bitcoin

Bitcoin (BTC) dipped below $39,000 on Aug. 2 in what traders had long predicted would be a necessary reaction to recent gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin needs to hold mid-$30,000 zone Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local lows of $38,915 on Bitstamp Monday. After a successful weekend

Marathon Digital has announced the purchase of additional Bitcoin mining hardware from Bitmain. According to a release issued on Monday, the United States-based Bitcoin (BTC) mining giant has completed a purchase deal for 30,000 Antminer S19j Pro at a reported cost of $120.7 million. The news marks a continued increase of Marathon’s Bitcoin mining inventory,

Bitcoin (BTC) might have suffered its largest coordinated attack over the last couple of months, but in this instance, the investor community did not capitulate. China outright banning mining in most regions after giving BTC miners a two-week notice and this caused the single largest mining difficulty adjustment after the network hash rate dropped 50%. The market

Bitcoin (BTC) dropped back below $39,000 on Aug. 2, suggesting that short-term traders were booking profits after the price failed to close above $42,451.67.  However, lower levels could again attract buying as seen in late July. Data from Santiment showed that Bitcoin held on wallet addresses storing between 100 and 10,000 Bitcoin rose to a

Institutional outflows from cryptocurrency funds intensified last week, a sign that fund managers were still taking profits on their Bitcoin (BTC) holdings following a historic run-up through April.  Digital asset investment products saw cumulative outflows totaling $19.5 million for the week ended Friday, marking the fourth consecutive weekly drawdown, according to CoinShares data. The bulk

While Bitcoin’s (BTC) price has slipped by more than 8.2% after rising to $42,230, the 43.5% rally included 10 consecutive days of gains. But despite BTC currently trading at around $39,700 as of Aug. 2, some analysts anticipate that it can rise by another 100%. Nunya Bizniz, an independent market analyst, posted the bullish setup

Bitcoin (BTC) has seen an impressive rally of 44% with ten green days in a row. This rally and the substantial number of green days resulted in a sentiment shift. Practically two weeks ago, the market was comparable to a funeral, with many expecting more downside to $20,000.  However, the sentiment completely shifted after the

Closely followed on-chain analyst Willy Woo is laying out a price path for Bitcoin (BTC) this cycle. In a new episode of What Bitcoin Did with Peter McCormack, Woo names a few key levels that can trigger a continuation of the Bitcoin bull market.   According to the analyst, Bitcoin’s on-chain fundamentals currently give BTC

Amid a renewed bullish trend on the cryptocurrency markets over the past few weeks, more users have moved into trading Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization. Data from blockchain analytics platform Glassnode shows that Bitcoin has seen a notable surge in terms of active addresses in the past week of July, with

A popular crypto analyst who accurately predicted a pair of Bitcoin (BTC) price crashes says he might rethink a bearish call on BTC if it convincingly breaks a certain price level. The pseudonymous analyst, known as Dave the Wave, tells his 70,100 followers that no significant rallies will happen for Bitcoin until it crosses a