Bitcoin miners have taken the 7-day average Hashrate to a new all-time high (ATH), despite the fact that the token’s price has been down recently. Bitcoin Hashrate Has Just Set A New Record The Bitcoin “Hashrate” refers to the collective amount of computing power that the miners as a whole have connected to the blockchain….
On-chain data shows that the Bitcoin short-term holders have switched to loss-taking recently. Here’s what this could mean for the asset. Bitcoin Short-Term Holder SOPR Has Dropped Below 1.0 In a new post on X, the on-chain analysis platform Checkonchain has talked about how the behavior of the Bitcoin short-term holders has changed recently. The…
A new contender has entered the conversation about institutional Bitcoin adoption, and it’s not from Silicon Valley. London-listed Satsuma Technology, formerly TAO Alpha, has completed a massive £163.6 million ($218 million) convertible note financing round, but with an unexpected twist: nearly 60% of it was settled in BTC. According to a recent announcement, a total…
ChatGPT’s BTC analysis has revealed an extraordinarily tight consolidation at $116,704, marked by minimal -0.01% movement, which creates a textbook coiled spring setup. This comes as President Trump reportedly plans an executive order allowing Bitcoin investments in 401(k) plans, positioning BTC for a potential breakout toward $118,000 or a support test at $115,700. ChatGPT’s BTC…
After a period of downward trend, Bitcoin seems to have found its bullish traction once again, as the flagship crypto asset surges back to the $115,000 price mark. While BTC’s price has shifted from bearish to bullish action, there has been a significant rise in realized profits. Realized Bitcoin Profits Climb Sharply With Bitcoin reclaiming…
Bitcoin is entering a critical phase after losing the crucial $115,000 support level, with selling pressure mounting across key timeframes. The bullish momentum that previously fueled upside moves has faded, and price action now signals growing market weakness. As investor sentiment shifts from cautious optimism to concern, fears of a deeper correction below $110,000 are…
A growing number of workers are now getting paid in crypto. In 2023, just 3% of those surveyed said part of their salary arrived as digital tokens. By 2024, that share jumped to 9.6%. This shift comes as blockchain firms and DAOs explore new ways to handle cross-border pay. Reports have disclosed that purely fiat…
Bitcoin is setting the stage for its next major move. As of Thursday, BTC reclaimed $116,433 after a short-lived dip, drawing strength from a booming derivatives market. According to Coinglass, Bitcoin futures open interest (OI) surged to an eye-watering $79 billion across major platforms, including CME, Binance, and Bybit. This kind of buildup typically signals…
Bitcoin adoption in the United States is accelerating at an unprecedented pace, with several big companies and individuals steadily buying the flagship asset. The growing adoption in the US is evidence of the unwavering desire to own BTC, with the aim of hedging against failing financial systems. A Growing Trust In Bitcoin Among US Citizens…
According to reports, BitMine Chairman Tom Lee said that Strategy’s bet on Bitcoin could one day push it to the very top of the stock market. He pointed to the company’s massive crypto holdings as the key driver of its value. Lee noted that, like oil companies of old, Strategy’s market value comes more from…