A combination of speculators continuously opening new long positions and miners dumping נitcoin to pay for hardware upgrades caused the top cryptocurrency to plunge to $ 58,000, according to an onchain analyst. The analyst expects the top crypto asset to rebound once the ongoing “culling of weak miners” is complete. Speculators Contribute to Bitcoin’s …
Bitcoin’s price fell beneath the $ 60,000 mark on Monday, declining over 6% against the U.S. dollar. At 1:30 p.m. EDT on June 24, the currency’s price hit an intraday low of $ 59,809 per coin. Bitcoin Struggles Against Bearish Market, Slides to Near $ 60K Level This Monday proved tumultuous for …
On Tuesday, the price of bitcoin (BTC) fell to an intraday low of $ 66,696 per unit, marking a 3.3% decrease over the last 24 hours. This decline resulted in the liquidation of $ 170.25 million in long derivatives positions, with $ 50.87 million of this amount comprised of BTC long positions. …
The price of bitcoin fell on Friday afternoon after spending several days above the $ 70,000 mark. The value dropped to $ 68,450 on Bitstamp, currently down $ 1,700 from its intraday high. Bitcoin’s Sudden Drop Impacts Entire Crypto Economy Wipes Out $ 454M in Longs Bitcoin (BTC) plummeted to a …
Bitcoin’s hashrate has once again dipped below the 600 exahash per second (EH/s) threshold, following a brief increase in computational power on May 26. Since then, the seven-day simple moving average (SMA) shows that the network has decreased by at least 74 EH/s over the past week. Bitcoin Network Hashrate Declines Sharply After Brief Uptick […]