As bitcoin’s valuation experiences a notable upswing, miners are deriving substantial financial advantages from an elevated hashprice—the metric denoting daily revenue earned per petahash per second (PH/s) of computational power devoted to the Bitcoin network. BTC Mining Revenues Soar as Hashprice Climbs Miners have seen a marked increase in profitability as BTC exceeded the $ […]
Bitcoin’s price on December 1, 2024, hovers around $ 97,124, reflecting a consolidation phase as the cryptocurrency market evaluates its next directional move. Bitcoin The 1-hour chart reveals bitcoin (BTC) recently rebounded after touching a low of $ 95,758. It is now trading within a narrow range of $ 97,000 to $ …
Bitcoin’s price correction across multiple timeframes reveals short-term bearish pressure while maintaining a bullish outlook in the long term. Bitcoin Bitcoin’s (BTC) recent price action highlights a bearish correction across short-term timeframes, while the broader trend remains bullish, with key levels dictating potential opportunities for traders. The hourly chart reveals a short-term bearish trend for […]
At press time, the crypto economy is cruising at $ 2.14 trillion, following a modest uptick Friday morning. There are 88 days left in the year, 32 days until the 2024 U.S. Election Day, and 34 days until the Federal Reserve’s next meeting. With numerous developments, including rising tensions in the Middle East, a …
The U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day of net inflows on Thursday, marking five consecutive trading days of positive movement. The ETFs accumulated $ 78.93 million, with Blackrock’s IBIT leading by bringing in $ 72.09 million. U.S. Bitcoin ETFs Record Fifth Consecutive Day of Inflows Among the 11 spot bitcoin …