Auto Added by WPeMatico

Marathon Nears its Bitcoin Hash Rate Target by Increasing its Mining Capacity

The data center of the bitcoin miner Marathon Digital – Applied Blockchain – secured around 254 megawatts of new hosting power for the company’s operations, and it could boost the…

Continue ReadingMarathon Nears its Bitcoin Hash Rate Target by Increasing its Mining Capacity

BTC Skyrockets to $23K, Here’s the Next Target if Bulls Maintain Momentum (Bitcoin Price Analysis)

Bitcoin’s rapid downtrend has halted, as the price has been hovering above the $17K-$20K area over the past few weeks. After getting rejected three times from the $20K support zone,…

Continue ReadingBTC Skyrockets to $23K, Here’s the Next Target if Bulls Maintain Momentum (Bitcoin Price Analysis)

Sweden’s Priority Should be Steel Production, Not Bitcoin Mining, Energy Minister Says

Khashayar Farmanbar – Energy Minister of Sweden – believes the nation’s electricity supply should be focused on something “more useful” than bitcoin mining. Over the years, the country has made…

Continue ReadingSweden’s Priority Should be Steel Production, Not Bitcoin Mining, Energy Minister Says

Bitcoin’s Price Could Drop Below $20K as Miners Facing Capitulation (Analysis)

On-chain data reveals that bitcoin miners could be close to their capitulation after selling the most substantial chunk of BTC holdings for the past several months. As such, the asset’s…

Continue ReadingBitcoin’s Price Could Drop Below $20K as Miners Facing Capitulation (Analysis)

Over $160 Million Shorts Liquidated as BTC Pushes $22K, ETH Above $1.4K

The cryptocurrency market continues recovering, and over the past few days, it has gained a total of $150 billion to its capitalization, which now stands above $1 trillion. Bitcoin’s price…

Continue ReadingOver $160 Million Shorts Liquidated as BTC Pushes $22K, ETH Above $1.4K

BTC Facing Huge Resistance, Rejection Can Result in $18K Retest (Bitcoin Price Analysis)

Over the past week, Bitcoin had been fluctuating around the $20k confluence zone showing no real signs of a possible rebound: low volatility, lack of demand, and choppy price action.…

Continue ReadingBTC Facing Huge Resistance, Rejection Can Result in $18K Retest (Bitcoin Price Analysis)

Long-Term Bitcoin Holders Did Not Sell Amid the Market Crash: Coinbase Research

Long-term bitcoin holders have not disposed of their holdings into the market weakness as short-term speculators are mainly responsible for the heavy selling that exacerbates the asset’s nosedive, according to…

Continue ReadingLong-Term Bitcoin Holders Did Not Sell Amid the Market Crash: Coinbase Research