The Canadian crypto mining giant, Hut 8, is increasing its production capacities and now wants to HODL 5,000 self-mined Bitcoins by the end of 2021. Given the forced exodus of many miners until recently established in China, Canadian and US miners are seeing cheap material become available as well as the personnel looking to work […]
As the hash rate drops and the difficulty of mining Bitcoin goes down, miners in the US, Canada and many other countries are able to get better profits. This in turn has seen the Bitcoin price close above $35k again and many other altcoins rose in succession as well. In the past week alone, both […]
As we’ve stated earlier this week, the crackdown of China on Bitcoin miners also means that fees would drop as well. If all bodes well, this could then mean higher prices. Some in the market seem to guess we were right, as yesterday saw Bitcoin (and most other crypto coins) climb to higher levels. When […]
Bitcoin stays flat and has been ranging for more than a month now between $30k and $40k. It comes as the US economy rebounds from the vaccine roll out and the tech heavy Nasdaq and the broader S&P 500 showed new records on Friday after a better than expected jobs report.Bitcoin rangingThe world’s biggest cryptocurrency […]
Back in March of this year, when all was well in the land of crypto and Bitcoin sought to touch $50,000, a single Elon Musk tweet was able to push the price of Dogecoin several percentage points. Musk went on to present SNL in April of this year, claimed that Doge was a hustle and […]
The Bitcoin hash rate (the amount of computing power being contributed to the Bitcoin network through mining) has since the beginning of July stabilized after it fell for 10 straight days. The move down started as the Chinese Central bank reiterated its warning over cryptocurrencies and may now signal that all of China’s mining crackdown […]
Bitcoin is holding steady near $33,500 at the time of writing, barely moving 1% over the past week again as the boring summer months continue for the world’s biggest cryptocurrency. Analysts are waiting to see whether Bitcoin will break above $40k for a next move up or under $30k and unleash another batch of FUD […]
For anyone doubting that a new cold war is growing between the USA and China, just look at the latest comment by Republican Senator (and known Bitcoin HODLer) Cynthia Lummis.When seeing a picture of a large swath of Bitcoin mining equipment for sale on Chinese websites (after the Beijing government cracked down hard on miners), […]
Bitcoin remains steady near the $35k mark as it continues its almost boring summer months. As said, the world’s biggest crypto has been stuck in a tight trading range for several weeks now. XRP, the coin of Ripple Labs, is proving resilient and has risen over 5% in the past day, over 6% in the […]
Technical analysts claim that Bitcoin, the world’s biggest cryptocurrency, is now trading in a range of only $5,000, as it is stuck between a support level of $30,000 and a resistance of $35,000. Choppy, sideways trading could therefore be the future trade strategy for a few more weeks, at least until Satoshi Nakamoto’s invention shows […]
