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Massive Bitcoin Market Turbulence Triggers $4,500 Crash; $167M in BTC Longs Erased in 1 Hour

The price of bitcoin continued to decline over the weekend, dropping an additional 7.7% in the last 24 hours. It plummeted to a daily low of $61,384 per coin, prompting…

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Severe Impact Expected for Miners With Outdated Hardware in Upcoming Bitcoin Halving

Following the downturn in bitcoin’s price on Friday, the hashprice of bitcoin has declined from slightly above $119 per petahash per second to marginally over $116 per PH/s on a…

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Leveraged Crypto Traders Hit Hard: $872M Liquidated in a Single Day Amid Bitcoin Price Drop

On April 12, bitcoin briefly reached above the $71,000 threshold, but its value plunged by more than $3,000 after a substantial sell-off at 2:00 p.m. Eastern Time. The price of…

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While Some Think Bitcoin’s 12th-Largest Wallet Hides a Nation State, Onchain Data Shows an Exchange

This week, the crypto community on social media has once again been buzzing about a bitcoin wallet called ‘Mr 100’ following a significant deposit of 100 bitcoin on April 10,…

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Bitcoin Technical Analysis: BTC Traders on Edge as Mixed Signals Keep Market Guessing

As of April 12, 2024, bitcoin’s price exhibits resilience, trading at $70,748, with oscillators showing mixed signals while moving averages firmly suggest a bullish trend heading into the weekend. Bitcoin…

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Fidelity’s FBTC Gains Ground, Absorbing Over 1,000 BTC Amid Wednesday’s $123M Inflow

U.S. spot bitcoin exchange-traded funds (ETFs) garnered $123.7 million in positive inflows during Wednesday’s trading. Grayscale’s Bitcoin Trust (GBTC) experienced a decline in its bitcoin holdings, decreasing from 318,451.70 to…

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Auradine Secures $80 Million in Series B to Accelerate Bitcoin Mining Rig Production

On April 10, the bitcoin mining rig producer Auradine revealed it had secured an $80 million investment in a Series B funding round. Additionally, the company highlighted that it has…

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US Spot Bitcoin ETFs Record $19.4 Million in Outflows, GBTC Holdings Decline

U.S. spot bitcoin exchange-traded funds (ETFs) experienced another round of net withdrawals, documenting a $19.4 million decrease. The holdings of GBTC diminished from 322,697.17 bitcoins to 318,451.70. U.S. Spot Bitcoin…

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Anticipation Builds as Bitcoin Stands Less Than 1,400 Blocks From Monumental Halving

According to the latest data, we are now less than 1,400 blocks away from the anticipated Bitcoin halving event, which will decrease the block reward from 6.25 bitcoin to 3.125…

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Bitcoin Technical Analysis: BTC Remains Range Bound Ahead of US Inflation Report

Bitcoin’s price movements on April 10, 2024, showcased a day of significant volatility, with the cryptocurrency’s value swinging between $68,207 and $70,917. Oscillators and moving averages paint a complex picture…

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