Price

Bitcoin Miner Revenue Hits New All Time High Among Other Key Metrics: Potential Bull Case? 

Bitcoin Miner Revenue Hits New All Time High Among Other Key Metrics: Potential Bull Case? 

Total Bitcoin miner revenue has been on a steady uptrend since the start of the year, hitting its new all time high on Friday. According to figures from on-chain analytics site Glassnode, miners are now making an aggregate $64 million from newly minted coins and fees — up nearly 400% since a year ago. It’s …

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Bitcoin Miners Net Position Turns Positive: Is A Rally to New Highs Overdue?

Bitcoin Miners Net Position Turns Positive: Is A Rally to New Highs Overdue?

After weeks of gut-wrenching volatility, the start of April has been much kinder to Bitcoin. Following a record-breaking $6.4b options expiry, Bitcoin’s price action has been far less volatile in the past few days. According to the Bitcoin Volatility Index, its 30-day volatility has dropped from a high of 5.34% on March 9 to 3.42% …

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Bitcoin Bounces as $6.4B in Options Expire, Institutional Buying Slows Down: What’s Next? 

Bitcoin Bounces as $6.4B in Options Expire, Institutional Buying Slows Down: What’s Next? 

The past few weeks have been hard on crypto bulls, as Bitcoin and the broader crypto market continued to sell off. Since reaching an all-time-high of $61,500, Bitcoin plunged 16% in a matter of a few weeks, shedding $100 billion in market capitalization. The major cryptocurrency saw signs of life as Elon Musk’s tweet sent …

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Bitcoin Continues Its Slump: Indicators Point to Further Correction Ahead

Bitcoin Continues Its Slump: Indicators Point to Further Correction Ahead

Bitcoin price remains nearly 10% below recent highs, as the major cryptocurrency continues its slump after early last week’s sell off. Since hitting a new all-time high of $61k, BTC has continued to face downward pressure, hovering around the $54,000 price level. The past week’s volatility has resulted in bulls losing nearly $2.6 billion in …

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Cryptos Rally off Equity Markets and Institutional Interest

Cryptos Rally off Equity Markets and Institutional Interest

The Crypto market rose on Monday as new macro factors and institutional interest weighed in. Cryptos Recover from Selloff Following last week’s sell-off, Bitcoin and the broader crypto market rallied alongside the US equity markets. Bitcoin (BTC) retraced back up to $49,000, with Ethereum (ETH) recovering to $1,500. The biggest crypto names all recovered to …

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On-Chain Analyst Explains What Caused Bitcoin to Plunge from $38k to $30k

On-Chain Analyst Explains What Caused Bitcoin to Plunge from $38k to $30k

Bitcoin faced an extremely steep correction on Sunday and Monday after last week’s surge to new all-time highs. The cryptocurrency fell as low as $30,000 after peaking at $42,000 last week. A large portion of Bitcoin’s drop was apparently a byproduct of Coinbase’s downtime, Willy Woo says. Monday’s Bitcoin Correction Bitcoin faced an extremely steep …

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Bitcoin Price Shoots to $34,000 Despite Saturday’s Drop to $30,000

Bitcoin Price Shoots to $34,000 Despite Saturday’s Drop to $30,000

Bitcoin trades at $33,950 as of this article’s writing. The cryptocurrency traded above $34,000 just minutes ago and is attempting to consolidate around the current price points. This rally comes despite a strong drop earlier on Saturday that took the BTC price as low as $30,000 on top exchanges. Bitcoin Shoots to $34,000 Bitcoin’s price …

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Bitcoin Sets Eyes on $30,000 After Logging Another Record High

Bitcoin Sets Eyes on $30,000 After Logging Another Record High

Bitcoin careened to another record high on Wednesday amid concerns about this year’s huge stimulus packages. The flagship cryptocurrency continued to attract capital from investors that view it as a hedge against fiat devaluation and inflation. On Tuesday, SkyBridge Capital investment revealed that it had invested about $182 million in Bitcoin ahead of its proprietary …

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