Solo Bitcoin miner wins 6.25 BTC block reward
A solo Bitcoin miner earned the 6.25 BTC block reward after beating the odds to solve block 793607. The miner reportedly used an Antminer S9 with about 17 TH. At today’s Bitcoin mining difficulty and with 17 TH, a solo miner would need an average of 450 years to land a block. With Bitcoin price […]
68% of Bitcoin supply in loss after BTC price drop
Bitcoin supply in loss has risen to 68%, with 6.67 million BTC under water water at current spot price. Indeed, on-chain data shows 2.71 million BTC has fallen into loss as Bitcoin price dropped from the $31k local top. With sell-side risk ratio approaching its all-time lows, Glassnode analyst James Check says BTC could see […]
SUI price dips below $1, BTC and ETH struggle amid sell-off
Sui (SUI) fell below $1, while Bitcoin and Ethereum dropped below key levels at $26,500 and $1,800 respectively. Altcoins were selling off on Wednesday as the global cryptocurrency market cap dropped to $1.15 trillion, down 2.6% at the time of writing. A confluence of headwinds, including the uncertainty around the US debt ceiling talks and […]
Bitcoin shrimps holdings jump to 1.31 million BTC
Bitcoin wallets with less than 1 BTC now hold an all-time high of 1.31 million coins. Shrimps have been adding an average of 26,000 BTC every month, data shows. The growth of the shrimp cohort is a positive development for the Bitcoin network. The amount of Bitcoin held by “shrimps” – those wallet entities that […]
Bad news for BTC if this happens
Bitcoin price has recovered from its dip to $25,800, with price currently above $27,400. BTC could continue to bounce into the $28,000-$30,000 range as broader market sentiment improves. However, an analyst’s Bitcoin price prediction suggests bad news for BTC if $27,600 becomes new resistance level. The price of Bitcoin as of May 15, 2023 9:50 […]
Can BTC its price above $27k?
Key takeaways Bitcoin has been struggling to stay above $27,500 over the past few days. The cryptocurrency slightly dipped below $27k on Wednesday but is now trading above that level once again. The buying pressure in the market is currently low, and this could affect BTC’s price in the near term. Bitcoin price prediction: BTC […]
Why is the crypto market down today? BTC briefly slips below $27k
Key takeaways The cryptocurrency market is down by roughly 1% over the past 24 hours. Bitcoin briefly dropped to $26,990 earlier today before recovering to now trade above $27,500. The dump came due to reports that there was a transaction with the United States government’s BTC wallet. Why the crypto market is down today The […]
BTC could retest key $28,800 zone
Bitcoin price has dropped below $30,000 to currently trade near $29,480. Crypto analyst Rekt Capital says BTC price could retest $28,800 and establish it as a major support area. BTC price bounced above $31,000 last week, having struggled to break past the anticipated buffer zone. Bitcoin is trading around $29,479, about 3% down in the […]
CME Group to expand BTC and Ether options expiries in May
CME group says demand from clients has increased amid the heightened market volatility. The marketplace plans to expand expiries for its standard and micro-sized BTC and Ether options contracts. Approval would see the derivatives platform make the changes on 22 May, 2023. Derivatives marketplace CME Group is seeking to expand its options expiries for Bitcoin […]
Bitfinex analysts say BTC is in “transition”
The number of Bitcoin wallets with non-zero BTC balance recently hit a new all-time high of 45.388 million. However, daily active addresses and daily confirmed transactions have fallen. Bitcoin price remains bullish but analysts urge caution as on-chain metrics indicate weakness amid renewed correlation with S&P 500. Bitcoin price currently trends above$28,300, about 0.7% higher […]