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Bitcoin network underwent its highest mining difficulty adjustment to date with a 28% decline. The mining difficulty adjustment comes at a time when the network hashrate has fallen by over 50% owing to an exodus of Chinese miners from their country in light of government crackdown. China was the epic center for Bitcoin mining, accounting The post Bitcoin Records Biggest Mining Difficulty Adjustment,...
Amid the ongoing crackdown in China, a lot of Bitcoin miners are shifting base to the U.S. The Republican U.S. Senator of Wyoming - Cynthia Lummis - has recently invited Bitcoin miners. The Senator tweeted: "If you are in the #Bitcoin mining space, please reach out. We WANT you in Wyoming". PS - If you The post U.S. Senator from Wyoming Cynthia Lummis...
Miami's Bitcoin and crypto-friendly Mayor Francis Suarez is now setting up the stage to attract Chinese miners by wooing them with a low-cost nuclear power supply. Amid the recent crackdown in China, miners have been...
Amid severe crackdown from the Chinese regulators, local Bitcoin (BTC) miners have started pulling the plugs and discontinuing their operations. Because of these restriction policies, the BTC hashrate at some of the biggest Chinese crypto miners...
Bitcoin miners have started to accumulate BTC again as the hashrate of the bitcoin network rebounds to new highs. Miner accumulation is seen as...
China's recent decision to ban crypto mining and trading operations within the country has had a widespread impact on the crypto markets. The crypto market...
Michael Saylor believes that a China crackdown on BTC miners would reduce Bitcoin's carbon footprint Such a move would also make mining profitable for other Bitcoin miners It would also eliminate the 'nagging' China FUD that arrives once or twice a year Bitcoin could soon drop to $20k levels The CEO of MicroStrategy, Michael Saylor, has explored a scenario whereby a crackdown on...
The Miner inflow MA7 data indicates bitcoin miners are yet to start selling their holdings indicating we haven't reached a potential top this bull cycle. Bitcoin miner's trading activity acts as an important market indicator as it affects their mining cost. Crypto market blood bath this week saw more than $500 billion getting wiped off The post Miner Inflow MA7 Data Indicate Miners...
Bitcoin at $53k is the most significant on-chain support since $11k At the $53k price zone, Bitcoin maintains a $1 Trillion market cap Bitcoin miners have returned to accumulating BTC Bitcoin held by OTC desks has been dropping and confirms demand by large buyers The team at Glassnode has released their weekly On-Chain report. In this week's edition, they highlight BTC's $53,475 price...
Bitcoin (BTC) continues to trade in a downward pressure consolidating around $54,000 levels. However, the world's largest cryptocurrency valuations stay above $1 trillion and will probably never go below that ever again. The reason is that the on-chain data shows that long-term holders have been buying the recent dips in the market. Interestingly, as the The post Bitcoin Miners Prefer HODLing Over Selling,...
Bitcoin price attained a new all-time-high just $60 short of the $50,000 mark post which the price saw a minor correction of $1,000. The top cryptocurrency still looks quite bullish as miners' selling has slowed down significantly which is a bullish sign suggesting miners are expecting the price to go further up. The net position The post Bitcoin Miners Selling Slows Down as...
Earlier today, Bitcoin (BTC) topped $50,000 levels hitting its new all-time high along with stablecoin reserves at the exchanges moving to all-time highs. The world's largest cryptocurrency now is just short of becoming the first...
On Sunday, February 14, the Bitcoin (BTC) price shot to its new all-time high above $49,450 levels in a rally supported by strong buying on Asia exchanges. However, Bitcoin (BTC) failed to breach $50,000 levels and has seen minor pullback...
Summary: The number of Bitcoin transactions by BTC miners to all crypto exchanges has hit a yearly high Selling could be linked to profit-taking ahead of the Chinese new year that begins next month Bitcoin analyst, MagicPoopCannon, forecasts a dip to $22k before any further growth by BTC The month of January 2021, has seen record levels of Bitcoin transactions by BTC miners...
Some institutions have paused their buying, at least for the moment.
Quick take: Bitcoin Miners' Position Index has hit an 8 year high According to the CEO of CryptoQuant, miners have been selling their Bitcoin since BTC hit $42k The selling is ongoing and the main reason BTC is bearish at least in the short term Over 116k BTC options expire this Friday and could bring additional selling pressure However, institutions are still buying...
Analysts and mining pools say selling pressure from mining wallets hasn't contributed to recent corrections in bitcoin's price.
Electricity is required to secure the Bitcoin blockchain. Lots of electricity! As a miner, you always have to be careful not to take in more Bitcoin than you ultimately need to cover costs, otherwise, you...
Bitcoin (BTC) journey over the last month has been absolutely phenomenal as the world's largest cryptocurrency trades close to $18,000. Surging over 60%, BTC has caught the attention of retail investors and institutions alike....
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