Bitcoin miners are experiencing a favourable shift due to the recent price increase, as hashprice has risen from a daily rate of $31.80 per petahash per second (PH/s) on August 18 to $38.29 PH/s as of Saturday, August 22. Hashprice quantifies the revenue potential for a bitcoin miner based on a defined amount of hashrate, … Read more
A relatively small change in the U.S. government bond market catalysed one of bitcoin’s most pronounced rallies in recent months this week, as declining long-term yields provided traders with a rationale to reverse a historic accumulation of bearish positions in the cryptocurrency market. The U.S. Treasury announced an increase in the scale of its buyback … Read more
Bitcoin is entrenched in its bear market; however, it is exhibiting an unusual behaviour: remaining stagnant. According to a recent report, thirty-day realised volatility has decreased to 27.2% annualised, a decline from 30.4% the previous month and significantly below bitcoin’s long-run average of approximately 80%. For an asset characterised by double-digit daily fluctuations, this represents … Read more
Bitcoin dropped to over $63,500 on Thursday, down more than 0.5% for the day and nearly 2% for the week, as a consistent U.S. inflation data was sufficient to allay concerns but insufficient to influence the market. Hyperliquid’s HYPE was the standout, increasing by more than 3% to $56, although it remained unchanged over the … Read more
Bitcoin surpassed $65,000 on Monday, reflecting an increase of nearly 3% over the week, as the market anticipates July inflation data set to be released on Wednesday at 8:30 a.m. following Friday’s disappointing jobs report alleviated concerns regarding the necessity for the Federal Reserve to increase interest rates. Ether traded near $1,919 and has experienced … Read more
Bitcoin holders risk losing actual BTC this weekend by attempting to sell coins from a fork that may lack any real value. Here is the process outlined. Bitcoin may undergo a bifurcation into two distinct chains in the forthcoming days. If it does, everyone who holds bitcoin ends up holding the same balance twice, once … Read more
Hackers have identified a software vulnerability in a particular brand of “cold” Bitcoin wallet, which is regarded as one of the most secure options for cryptocurrency storage. They are currently extracting tens of millions of dollars in a continuing assault. Late last week, Coinkite Inc., based in Canada, informed users of its Coldcard devices that … Read more
Following a commendable increase in July, Bitcoin transitioned into August; however, historical trends suggest that the market could be on the brink of experiencing one of its most volatile periods of the year. While July has traditionally been a favourable month for Bitcoin, August has exhibited variable performance in previous market cycles. Therefore, the forthcoming … Read more
Bitcoin experienced a modest increase on Wednesday, following the Federal Reserve’s decision to maintain interest rates at their current levels. After rising by almost 1% in the hour after the news, the top cryptocurrency was recently valued at nearly $64,402 per coin. As anticipated, the U.S. central bank maintained the federal funds rate within the … Read more
Bitcoin climbed 1% to about $63,800 on Wednesday, while Asian equity markets experienced one of their worst stretches of the year. This marks the second instance in a seven-day period where cryptocurrency has remained resilient amid a significant pullback in the artificial intelligence sector. The majors responded accordingly. Ether increased by 1% to $1,899, XRP … Read more
