Bitcoin has rebounded, rising above $22,000 for the first time since June 8 on the back of a rebound in global risk appetite, a rally that has also fueled a big rally in cryptocurrency-related stocks. Bitcoin rose as much as 7.5% in intraday TRADING in the US, according to data. The rally pushed shares of …
Bitcoin on the $22,000 concept of a number of U.S. stocks have jumped Read More »
In a recent report seen by Decrypt, the investment bank JP Morgan estimated that the production cost of mining a single Bitcoin had fallen to just $13,000 from $24,000 in early June. The cost of producing bitcoin is an estimate of the average cost of mining one bitcoin per day. That cost depends largely on …
Global digital asset markets did not see much price movement as the long-awaited US CPI data was released. Bitcoin (BTC) resumed trading above the $20,000 price level. However, one cryptocurrency analyst says it will soon see a big short squeeze. Is the Big Short squeeze looming? CryptoQuant CEO Ki Young Ju mentioned in a tweet …
According to jpmorgan, the cost of producing bitcoin has fallen from around $24,000 in early June to around $13,000 today, which could have a negative impact on future prices. Nikolaos Panigirtzoglou and other bank strategists wrote in a note Wednesday that the drop in production costs was almost entirely due to lower electricity consumption, This …
Jpmorgan: Bitcoin production costs have fallen to $13,000 Read More »
Bitcoin (BTC) is close to breaking the correction pattern seen since June 18. If that happens, it is expected to lead to new lows. Bitcoin has been breaking through downside resistance since late March. The line was rejected on June 7, resulting in a local low of $17,622 on June 18. Prices have since edged …
Bitcoin fell to the support consolidation zone; Will it crash? Read More »
A heat wave in Texas is causing power shortages. Texas's electricity regulator warned residents and businesses on Monday to reduce use or risk rolling power outages across the state as demand neared a grid tipping point as thermometers soared above 38 degrees Celsius. The commission expects Texas to peak demand at 79,700 megawatts, just below …
Power emergency! A massive shutdown at a Bitcoin mine in Texas Read More »
advantages Bitcoin is considered a safe investment mainly because over time it has become so secure thanks to its SHA-256 algorithm designed by the US National Security Agency (NSA). No other cryptocurrency can claim the same security; Bitcoin's blockchain has never been hacked, and as time goes on and blocks are added, attacks become more …
BTC's price performance is on track to limit its biggest gain since March on the weekly chart, but anything can happen before the close. Bitcoin (BTC) hit a three-day low at the weekly close on July 10, with $21,000 acting as short-term support. Traders focus on bullish divergence in different markets BTC/USD gave up some …
Bitcoin is on track for its biggest gain in three months Read More »
Bitcoin rose to $22,528, its highest price since June 16, up more than 5.72% on the day. The apparent rebound in bitcoin prices has given the market a strong rebound confidence, thus increasing investor bullish sentiment. The market is now widely expected to extend gains, consolidate gains from this rally and maintain confidence in the …
Bitcoin breaches $22,000, what confidence underpins price year-end rally? Read More »
"The nature of bitcoin is that its core design has been fixed since the release of version 0.1 and will never be changed." -- Satoshi Nakamoto, June 17, 2010 If bitcoin were a central bank, it would be the world's most independent central bank; If Bitcoin were a country, it would be the most sovereign …