On-chain data shows the weekly average Bitcoin Hashrate has surged to 942 EH/s, putting it within striking distance of the all-time high (ATH). Bitcoin Hashrate Has Gone Through A Recovery Run The “Hashrate” refers to a Bitcoin indicator that keeps track of the total amount of computing power that miners have currently attached to the…
The Bitcoin Stablecoin Supply Ratio (SSR) points at thinning liquidity in the sector, potentially explaining the consolidation in the asset’s price. Bitcoin SSR Rose Alongside The Earlier Price Surge As pointed out by an analyst in a CryptoQuant Quicktake post, the Bitcoin SSR has witnessed an increase recently. The “SSR” here refers to an indicator…
Yesterday, Bitcoin (BTC) once again faced rejection around the $120,000 resistance level after briefly reaching a high of $119,760. At the time of writing, the top cryptocurrency is trading slightly lower at $118,900. However, a sharp increase in whale inflows to Binance threatens to trigger further downside pressure for the digital asset. Binance Whales Ramp…
Key Takeaways: MARA’s $950M notes offering shows a growing reliance on convertible debt among crypto infrastructure firms. Access to capital markets is becoming a competitive advantage for miners seeking to expand their hashrate and accumulate Bitcoin. Institutional Bitcoin demand, amplified by ETF inflows, is influencing how miners allocate proceeds from large-scale fundraising. MARA Holdings has…
Strategy’s co-founder, Michael Saylor, has again displayed his company’s Bitcoin portfolio tracker, highlighting the current value of its BTC holdings. This comes amid plans to raise up to $2.5 billion through a stock offering for more BTC purchases. Michael Saylor Showcases Strategy’s Bitcoin Holdings In an X post, Michael Saylor shared an image of the…
Bitcoin continues to consolidate between $115,000 and $120,000, with bulls maintaining control despite the lack of a breakout above $123,000. What stands out in this range-bound structure is the clear demand concentration around $117,000. According to Glassnode’s BTC Cost Basis Distribution Heatmap, this level has consistently attracted buying interest, acting as a key area where…
With the increased attention and interest in Bitcoin globally, the crypto king has now become a mainstream asset, transitioning from its initial label as a tech asset. Bitcoin has gained strong recognition, not just in the crypto and financial sectors. The digital asset has pivoted to the political landscape as prominent figures in the sector…
Legendary investor Ray Dalio has recommended a 15% portfolio allocation to Bitcoin or gold, warning of an impending “classic devaluation” of fiat currencies similar to those of the 1970s or 1930s, as the United States approaches what he calls the “point of no return” in its debt crisis. The Bridgewater Associates founder revealed during a…
Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, has once again sounded the alarm that the United States may be heading toward a financial collapse similar to the 1929 stock market crash and the Great Depression. “Do you have a 401k or IRA filled with stocks?” That was the question posed by…
The crypto market is up today, with most of the top 100 coins per market turning green. The cryptocurrency market capitalization has dropped by 2.7% over the past 24 hours, but it still holds above $4 trillion, now standing at $4.03 trillion. At the same time, the total crypto trading volume is at $148 billion,…