Iran’s Crypto Mining Sector Hit Hard As Hashrate Drops Nearly 80%

The US, Russia and China together control over 65% of global Bitcoin hashrate, a reminder that mining power remains heavily concentrated even as local shocks push smaller markets up and down. In that mix, Iran has seen a sharp fall. Its hashrate dropped about 77% in the past quarter, to roughly 2 EH/s, after months… Continue reading Iran’s Crypto Mining Sector Hit Hard As Hashrate Drops Nearly 80%

Bitcoin Sits 45% Below Its Peak As Short Sellers Absorb $276M In Losses

West Texas Intermediate crude has hit $115 a barrel, gasoline prices in the US are up nearly 40% since late February, and Bitcoin is still trying to break through a wall it has failed to climb six times now. That is the world Bitcoin finds itself in on Monday as it briefly touched $69,550 —… Continue reading Bitcoin Sits 45% Below Its Peak As Short Sellers Absorb $276M In Losses

Bitcoin Weakens While Oil Climbs After Trump Signals Continued Iran Strikes

Crude oil climbed back above $100 a barrel and Bitcoin slipped as US President Donald Trump used a White House address to say the military campaign in Iran was close to wrapping up, while also warning that more strikes could come in the next two to three weeks. Markets Move First Bitcoin fell about 2%… Continue reading Bitcoin Weakens While Oil Climbs After Trump Signals Continued Iran Strikes