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 ...
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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 ...
Bitcoin on-chain data and BTC’s recent price rally point to a healthier ecosystem
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Bitcoin (BTC) had a rough year all throughout 2022. But fresh on-chain and futures market data show positive signs that the leading cryptocurrency by market capitalization has started to recover. After a bevy of short liquidations, the futures market is ...
5 altcoins that produced double-digit gains as Bitcoin price rallied in January
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The rally in cryptocurrency markets started in early January with a spike in heavily-shorted altcoins and Ethereum (ETH) liquid staking derivative (LSD) tokens due to the upcoming network upgrade in March. Soon gains started to show across the board as ...
Price analysis 1/30: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT
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Bitcoin and altcoins started the week in the red, but if this week’s FOMC meeting aligns with investors’ general expectations, the wider crypto market could quickly rebound.
Bitcoin price is up, but BTC mining stocks could remain vulnerable throughout 2023
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Bitcoin mining stocks usually follow BTC’s price because it directly influences the company’s earnings. These stocks were beaten down heavily in the last quarter of 2022, especially in the month of December. The downturn after FTX’s collapse worsened with the ...
Bitcoin price pares weekend gains as another CME ‘gap’ lurks below $20K
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Bitcoin (BTC) struggled to maintain bullish momentum on Jan. 30 as the countdown to the monthly close kept the market nervous. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price sees flash dip below $23,000 Data from Cointelegraph Markets Pro ...
Ethereum Classic’s Hashrate and Price Trend Lower After Ethereum PoW to PoS Transition – Altcoins Bitcoin News
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Just before the Ethereum network transitioned from a proof-of-work (PoW) blockchain to proof-of-stake (PoS), Ethereum Classic’s hashrate saw a significant increase. Three days after The Merge, Ethereum Classic had 214.37 terahash per second (TH/s) of hashrate. However, since then, the ...
Bitcoin stays out of fear for 11 straight days as price tips near 24K
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Bitcoin (BTC) has just clocked its 11th consecutive day outside the “Fear” zone in the Crypto Fear and Greed Index, cementing its longest streak out of fear since March 2022. Bitcoin Fear and Greed Index is 61 – GreedCurrent price: ...
LTC, AVAX, APT and FTM prepare to rally as Bitcoin price targets $24K
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Bitcoin (BTC) has rallied nearly 40% so far in January, which is the best start to the year since 2013. The sharp up-move has turned several on-chain signals bullish, according to on-chain analyst Cole Garner. Usually, a sharp recovery from ...