Over the last two weeks, non-fungible token (NFT) sales have enjoyed steady week-over-week increases. However, when we compare the numbers from September to August, the story takes a different turn. Data from Cryptoslam.io reveals that September saw a 47.9% drop in total digital collectible sales compared to the previous month. NFT Market Faces Continued Decline […]
The 5 Month Halving Hangover: Bitcoin Miners Continue to Face Revenue Struggles
Metrics reveal that although BTC prices climbed 6.97% in September, Bitcoin’s hashprice—the anticipated daily revenue from 1 petahash per second (PH/s)—remains ultra-low. This suggests that miners are still dealing with extremely thin profits. With just nine days left in the month, miners have already earned a hair over 62% of what they brought in during […]
Bitcoin ETFs Boosted by $186.76M; Grayscale’s Ether Fund Struggles
On Tuesday, 12 bitcoin exchange-traded funds (ETFs) pulled in a hefty $ 186.76 million in inflows, while nine ether ETFs saw yet another round of outflows. The primary source of the ether losses? Grayscale’s ETHE, which has experienced a $ 2.75 billion outflow since July 23. Bitcoin ETFs Shine as Ether Funds Stumble …
Ethereum Technical Analysis: ETH Struggles Below Resistance
Bitcoin Technical Analysis: BTC Struggles Amidst Bearish Pressure, Eyes Key Support Levels
Bitcoin’s price on August 12, 2024, stands at $ 59,777, with intraday 24-hour prices ranging between $ 57,814 and $ 61,054. The cryptocurrency’s market capitalization is $ 1.16 trillion, supported by a 24-hour trade volume of $ 29.81 billion. As bitcoin navigates this challenging environment, technical indicators reveal continued bearish …