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Thanks to the FTX Collapse, Bitcoin’s Price in November 2022 Looks to Join the 4 Previous Negative Novembers of the Past 11 Years

Since bitcoin’s price was first measured in fiat value in 2010, only four out of the 11 Novembers in bitcoin’s history have seen monthly declines. Eight of the Novembers in…

Continue ReadingThanks to the FTX Collapse, Bitcoin’s Price in November 2022 Looks to Join the 4 Previous Negative Novembers of the Past 11 Years

3 Bitcoin Mining Records Set in October — BTC Hash Price Taps Lifetime Low, While Hashrate and Difficulty Surged

This month bitcoin’s hash price tapped an all-time low of $66,500 per exahash on Oct. 25, according to statistics from the onchain market intelligence firm Glassnode. Alongside this, the network’s…

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Bitcoin’s Rising Correlation With Gold Indicates Investors See It as a Safe-Haven, Says Bank of America Market Strategists

Amid the economic uncertainty affecting a myriad of countries worldwide, Bank of America Securities market strategists explained in a note this week that the leading crypto asset bitcoin has been…

Continue ReadingBitcoin’s Rising Correlation With Gold Indicates Investors See It as a Safe-Haven, Says Bank of America Market Strategists

Bitcoin Traders Patiently Wait for ‘Uptober’ — Historical Prices Show BTC Gained 10 out of 13 Octobers

In recent times bitcoin’s volatility has been the lowest it’s been since 2020 and after last month’s market downturn, crypto enthusiasts expected a reversal in October. In fact, bitcoin has…

Continue ReadingBitcoin Traders Patiently Wait for ‘Uptober’ — Historical Prices Show BTC Gained 10 out of 13 Octobers

World’s Largest ASIC Producer Bitmain Slashes Antminer Bitcoin Mining Rig Prices

The world’s largest producer of application-specific integrated circuit (ASIC) bitcoin miners, Bitmain Technologies, has revealed the company is offering a discount on Antminer S19 Pro mining rigs. The 100 terahash…

Continue ReadingWorld’s Largest ASIC Producer Bitmain Slashes Antminer Bitcoin Mining Rig Prices

As BTC Slides Toward Resistance, the Chance of a Rare Triple Top Formation Comes Into Play

The cryptocurrency economy has shed a lot of value during the last six months dropping 48.70% from $3.08 trillion to today’s $1.58 trillion. While crypto markets looks extremely bearish these…

Continue ReadingAs BTC Slides Toward Resistance, the Chance of a Rare Triple Top Formation Comes Into Play

Bitcoin’s Price Drop and the Network’s Higher Difficulty Squeezes BTC Mining Profits

After Bitcoin’s mining difficulty jumped to the highest value ever at 26.64 trillion, the overall hashrate slumped a hair due to the rise in difficulty and lower bitcoin price. This…

Continue ReadingBitcoin’s Price Drop and the Network’s Higher Difficulty Squeezes BTC Mining Profits

Bitcoin’s Bearish Prices at the End of 2021 Not Much Different Than 8 Previous Year-End Cycles

The price of bitcoin is down more than 33% from the crypto asset’s all-time high captured about a month ago on November 10. A while back, people expected the price…

Continue ReadingBitcoin’s Bearish Prices at the End of 2021 Not Much Different Than 8 Previous Year-End Cycles