Bitcoin’s (BTC) rally in 2023 has been boosted by expectations that the United States Federal Reserve will slow down the pace of its rate hikes as inflation has started cooling down. Some even anticipate a rate cut by the end ...
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BTC price surge increases miner profitability, indicating market bottom
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Glassnode data analyzed by CryptoSlate analysts suggests that rising Bitcoin (BTC) price also increases miner profitability and revenue, which have been historical pointers for market bottoms. CryptoSlate looked into the Difficulty Regression Model and Miner Revenue vs. Yearly Average comparison ...
BTC Falls From Recent High, Ahead of US Non-Farm Payrolls – Market Updates Bitcoin News
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Bitcoin retreated from a six month high on Feb. 3, as bears reentered the market ahead of today’s U.S. non-farm payrolls (NFP) report. Following a move above the $24,000 level on Thursday, sentiment shifted, as traders prepared for the pivotal ...
South African Retailer Pick n Pay Now Accepting Payments via BTC at All Its Stores – Africa Bitcoin News
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Pick n Pay, one of South Africa’s leading retailers, reportedly now accepts bitcoin as payment at all its stores across the country. Using the bitcoin lightning network, Pick n Pay’s customers can now buy items such as groceries, airtime and ...
Marathon reports 45% increase in BTC production in January
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U.S.-based mining company Marathon Digital mined 687 Bitcoin (BTC) and sold 1,500 BTC in January, according to its monthly status report. Marathon’s January production marks a 45% increase from December 2022’s 475 BTC, according to the January report. Marathon’s CEO, ...
Why did Bitcoin price go down today? BTC traders brace for $23K retest
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Bitcoin (BTC) headed toward $23,000 on Feb. 3 after a night of losses erased bulls’ latest progress. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar rebound halts crypto party Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows ...
BTC Jumps to 6-Month High Above $24,000 – Market Updates Bitcoin News
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Bitcoin surged above $24,000 on Feb. 02, as markets continued to react to the latest U.S. Federal Reserve policy decision. On Wednesday, the central bank moved to increase rates by 25 basis points, while signaling that further hikes could be ...
Nigerian Crypto Users and Enthusiasts Dismiss 100% BTC Premium Claims – Africa Bitcoin News
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Nigerian blockchain and crypto enthusiasts have said recent reports suggesting that local residents are paying a premium of almost 100% on top of the prevailing price of bitcoin “are totally false.” They argue that such reports are based on a ...
US Treasury lists BTC, ETH addresses tied to Russian sanctions evasion group
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The Office of Foreign Assets Control of the United States Department of the Treasury has added two cryptocurrency wallets allegedly connected to a Russian sanctions evasion network as part of its list of Specially Designated Nationals. In a Feb. 1 ...
ETH, BTC Marginally Higher Ahead of FOMC Meeting Results – Bitcoin News
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Ethereum was marginally higher on Feb. 1, as markets prepare for the upcoming Federal Open Market Committee (FOMC) meeting results. Many are expecting that the U.S. Federal Reserve will increase rates by 25 basis points, taking current rates to 4.75%. ...