Bitcoin Hash Ribbon Metric Fails for the First Time Following FTX Crash
The Bitcoin Hash Ribbon metric had a good run when it came down to signal a buying opportunity. However, the recent downturn of the market, induced by the FTX crash,…
Auto Added by WPeMatico
Hash Ribbon Reversal Confirms Bitcoin Miner Capitulation Phase
Hash ribbons have just formed a death cross which has been a leading indicator for Bitcoin miner capitulation in previous cycles. Hash Ribbon indicators use simple daily moving averages to…
Bitcoin Hash Price at All-Time Lows Amidst Dismal Miner Profitability
While BTC has come down from a massive bear market dump to $19,000, its network hash rate has exploded to an all-time high. Bitcoin miners are currently earning the smallest…
Bitcoin Mining Difficulty Sees First Decrease in 2 Months
On-chain data shows that Bitcoin’s mining difficulty was lowered to 31.36 trillion hashes at a block height of 756,000. Despite this, the Bitcoin ecosystem is still guarded by the most…
Bitcoin Mining Difficulty Taps New All-Time High After 4 Consecutive Increases
Bitcoin network fundamentals have remained unfazed by its spot price failing to show any crucial breakouts. According to data from BTC.com, its mining difficulty has tapped a new high of…
Bitcoin Hash Rate Marks New All-Time High After 55% Increase in 2 Months
Bitcoin’s hash rate continues to move in contrast with the asset’s price as it charted yet another new all-time high recently. This comes even after the latest substantial mining difficulty…
Bitcoin Mining Difficulty Expected to See Largest Increase in 7 Months
The bitcoin mining difficulty is expected to see its largest increase in over seven months later this week. This comes as the hash rate has surged by almost 30% in…
Bitcoin Miners’ Balance Hits 4-Year High: Glassnode
Bitcoin miners’ balance has reached a four-year high. According to Glassnode’s latest data, the figures have surpassed 1,845,303 BTC. Bitcoin Miners Hodling Again From the great Chinese migration in 2021…
Bitcoin Goes Through Largest Negative Mining Difficulty Adjustment in Over a Year
The Bitcoin mining difficulty just went through its largest negative readjustment in over a year, declining by over 5%. The hash rate has also decreased lately, which is somewhat normal…
Bitcoin Mining Difficulty Hits Record High
The mining difficulty of the world’s largest cryptocurrency, Bitcoin has reached a lifetime high of 29.79 trillion. Bitcoin has withstood an onslaught of sellers as it calmly rose to $39k…