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Challenges Mount For Bitcoin Miners As Difficulty Surges To Record High

Bitcoin News

A recent report by Bloomberg highlights that the difficulty of mining Bitcoin has surged to a record high, reflecting increasing competition among cryptocurrency miners.  On Wednesday, mining difficulty rose by 3.5%, as reported by crypto-mining tracker CoinWarz. This metric, which has been climbing steadily, often aligns with market expectations for Bitcoin’s price movements. Post-Halving Challenges…

Challenges Mount For Bitcoin Miners As Difficulty Surges To Record High Read More »

Bitcoin’s Leverage Ratio Hits New High: What Does This Mean BTC?

Bitcoin News

The Bitcoin derivatives market has reached a notable milestone, as the estimated leverage ratio for the asset has surged to its highest level of the year, latest data from CryptoQuant shows. This metric, which tracks the ratio of open interest to coin reserves on exchanges, signals increased leverage use among market participants. The growing trend…

Bitcoin’s Leverage Ratio Hits New High: What Does This Mean BTC? Read More »

End Of The Road For NEIRO? Crypto Analyst Predicts Breakdown Below $0.13

Meme Coin

its price rally might be over and that a price correction is imminent.  NEIRO’s Price Could Drop Below $0.13 The Forex Mindset suggested in a Bitcoin is in a downtrend. With Stochastic relative strength index (RSI) at 100.  This overbought condition for NEIRO indicates that it is overvalued at its current price and that a…

End Of The Road For NEIRO? Crypto Analyst Predicts Breakdown Below $0.13 Read More »

Bitcoin’s Supply On Exchange Tightens: Could a New Bull Run Be Just Weeks Away?

Bitcoin News

According to market signals that have historically preceded major price rallies, Bitcoin is gearing up for its next potential bull run. A CryptoQuant analyst named ‘Tarek’ has recently highlighted key indicators in a post on the CryptoQuant QuickTake platform, suggesting that Bitcoin’s price might soon experience a significant upward movement. These indicators include declining Bitcoin reserves on…

Bitcoin’s Supply On Exchange Tightens: Could a New Bull Run Be Just Weeks Away? Read More »

11% Of Bitcoin Supply In Coinbase’s Hands: Analyzing The Potential Risks

Bitcoin News

A recent report by The Defiant reveals that Coinbase holds a substantial 11% of the total Bitcoin supply, amounting to approximately 2.275 million BTC worth around $129 billion.  As the fourth-largest cryptocurrency exchange globally, Coinbase commands significant trading volume—$1.5 billion in 24-hour transactions and 34 million monthly users—and acts as a custodian for major corporations,…

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Why Bitcoin Retesting $57,000 Is Good For The Price

Bitcoin

Bitcoin (BTC) is finally making a comeback, with recent price spikes signaling a potential start of the long-awaited market bull run. As the cryptocurrency retests the $57,000 level, this renewed momentum could ignite a positive price rally, potentially driving more gains for Bitcoin.  Bitcoin Retests New Levels At $57,000 On Tuesday, September 10, Santiment, a…

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Analysts Predict XRP ‘Mega Pump’ And ‘Perpetual Cycle’ – Details

Cryptocurrency Market News

Crypto analysts have XRP under the lens, as the altcoin has been consolidating for over 500 days. Well-known XRP figure Edward Farina recently predicted that the coin will be on a “perpetual cycle.” Farina had this to say during the Istanbul Blockchain Week, with many believing XRP will enter into its biggest bull cycle despite…

Analysts Predict XRP ‘Mega Pump’ And ‘Perpetual Cycle’ – Details Read More »

Analyst Says Bitcoin Is In A ‘Healthier’ Place Now, Here’s Why

Bitcoin

Bitcoin might be stuck in a downtrend, but fundamental analysis suggests it is in a healthy position. According to a recent analysis by crypto analyst Kaleo, Bitcoin is currently putting up healthier dynamics than it did in the previous halving cycle. This intriguing outlook for Bitcoin comes amidst the cryptocurrency’s struggle to stand firm above…

Analyst Says Bitcoin Is In A ‘Healthier’ Place Now, Here’s Why Read More »

Bitcoin Recovery Path To $60,000: Analyst Reveals Why $55,881 Is Important

Bitcoin

The Bitcoin recovery at the beginning of the week has been a welcome development, especially given the incredibly bearish movements of the last month. However, even with the price on the up and up, there is still some danger lurking around that could stop the rally dead in its tracks. So, it has become important…

Bitcoin Recovery Path To $60,000: Analyst Reveals Why $55,881 Is Important Read More »

Analyst Eyes 7% Dogecoin Jump—Will It Smash The $0.15 Barrier?

Cryptocurrency Market News

The possibility of a Dogecoin market reversal has crypto observers interested in the meme coin. While it did record some gains in recent days, CoinCodex’s price prediction still projects a 13% decline, which may further drive DOGE to $0.088742 by October 10, 2024. This is despite an interesting observation by cryptocurrency analyst Master Kenobi. As…

Analyst Eyes 7% Dogecoin Jump—Will It Smash The $0.15 Barrier? Read More »

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