Bitcoin Mining Cost At $86,700: Price To Surpass This Soon?

Data suggests the average cost of mining Bitcoin is standing around $86,700 right now. Here’s what history suggests could happen next for BTC. Bitcoin Average Mining Cost Is Currently Notably Higher Than The Price In a new miners compete against each other using computing power to get to hash the next block on the chain.… Continue reading Bitcoin Mining Cost At $86,700: Price To Surpass This Soon?

Is Bitcoin Crashing Because Of Miner Capitulation And Speculative BTC Bets?

Bitcoin is dumping when writing, cooling off from May highs of nearly $72,000. Down roughly 10% from all-time highs, there could be more losses on the way, at least looking at the candlestick arrangement in the daily chart. Now, Willy Woo, a Bitcoin on-chain analyst, thinks the drop is primarily because of the ongoing “miner… Continue reading Is Bitcoin Crashing Because Of Miner Capitulation And Speculative BTC Bets?

Bitcoin’s Network Strengthens: Mining Difficulty And Hash Rate Spike Amid ETH ETF Buzz

Bitcoin mining difficulty has adjusted upwards by nearly 2%, reaching over 84.4 trillion, as the network’s average hash rate surged past 600 EH/s. This increase comes amid growing optimism in the crypto market, particularly due to speculation about the potential approval of spot Ethereum ETFs in the United States. Notably, Bitcoin mining difficulty measures how difficult… Continue reading Bitcoin’s Network Strengthens: Mining Difficulty And Hash Rate Spike Amid ETH ETF Buzz

Bitcoin’s Significant Adjustment: Mining Difficulty Hits 18-Month Low – What’s Next For Miners?

The Bitcoin mining difficulty has experienced a significant decrease, the largest drop observed in the last 18 months. This change is directly tied to fluctuations in the network’s hash rate, which has dipped below 600 EH/s following the recent halving event. The adjustment, which marks a 5.7% fall in mining difficulty, brings the level down… Continue reading Bitcoin’s Significant Adjustment: Mining Difficulty Hits 18-Month Low – What’s Next For Miners?

Is Bitcoin’s Rally Over? Leverage Drops As Halving Highs Fade: Report

Recent trends in the crypto market have indicated a notable shift in trader behavior, particularly among those investing in Bitcoin. Using data from CryptoQuant, Bloomberg has revealed that the Bitcoin funding rate—the cost for traders to open long positions in Bitcoin’s perpetual futures—has turned negative for the first time since October 2023. This change suggests… Continue reading Is Bitcoin’s Rally Over? Leverage Drops As Halving Highs Fade: Report

Bitcoin Miners Always Sell Into Halvings, Is This Time Any Different?

On-chain data shows Bitcoin miners have always sold as Halvings have occurred. With the next one just around the corner, how are miners behaving this time? Next Bitcoin Halving Is Less Than Two Days Away Now In a CryptoQuant Quicktake post, an analyst discussed Bitcoin miners’ behavior in the build-up to the next Halving. The… Continue reading Bitcoin Miners Always Sell Into Halvings, Is This Time Any Different?