On April 15, a widespread power outage in North China led to a sharp decline in the Bitcoin hash rate. Because major mining farms are located in China, there was a 20% corresponding decline in hash rate. The China Hash Rate Crash Of 2021 As a result of the decline in hash rate, backlog in…
Months ago when Bitcoin price made it through $13,000 top analysts said “the train has left the station,” and they were right. Or maybe a rocketship would have been a better analogy. The cryptocurrency took off and has yet to refuel, until now. With momentum waning, bears have staged an “island reversal” that could push…
Bitcoin price is holding the $55,000 support zone against the US Dollar. BTC must clear the $57,000 resistance and the 100 hourly SMA to move into a positive zone. Bitcoin is somehow holding the $55,000 and $54,500 support levels. The price is now facing a strong resistance near $57,500 and the 100 hourly simple moving…
After a record weekend liquidation, Bitcoin price bounced back above $57,000 – gaining back approximately $3,000. At 14:21 GMT on Monday, the price of the coin was trading at $56,367, at a gain of 2.32% in the last 24 hours. The Sunday fall saw about $9.79 billion bleed out of long positions getting “rekt,” making…
Bitcoin price struggled to recover above $57,500 against the US Dollar. BTC is now declining and it remains at a risk of more downsides towards $52,000. Bitcoin is facing an uphill task above the $57,000 and $57,500 levels. The price is now trading well below the $57,000 level and the 100 hourly simple moving average.…
Bitcoin price started a sharp decline after it broke the $60,000 support zone against the US Dollar. BTC is correcting gains, but it is likely to face sellers below $58,000. Bitcoin declined heavily below the $60,000 and $58,000 support levels. The price is now trading well below $58,000 and the 100 simple moving average (4-hours).…
For the first time, a Chinese government official has recognized the value of Bitcoin and other cryptocurrencies. The People’s Bank of China Deputy Governor, Li Bo, called these assets an important part of the future at the Boao Forum for Asia, per a report by Colin Wu. Bo said Bitcoin and cryptocurrencies should be regarded…
The crypto market seems to be astonished by yesterday’s season. Dogecoin (DOGE) threw every fundamental out of the window and smashed its way to the 5th position in the crypto top 10 by market cap. DOGE is trading at $0,27 with 20.6% losses in the daily chart. DOGE with heavy losses in the 24-hour chart.…
Bitcoin price (BTC) reached a new all-time high this week, soaring to almost $65,000 on Wednesday the 14th of April. With Bitcoin’s price now in “blue sky territory” and its market cap sitting comfortably around the $1.17 trillion level, the big question is – just how high will the current bull market push the BTC…
Bitcoin price is down from fresh all-time highs set this week ahead of the Coinbase Global Nasdaq public rollout, but there are still no signs of the bull run ending. A powerfully bullish pattern, however, has began to shapeshift and is in the midst of transforming into a bearish pattern instead. The fight between bears…