Bitcoin

Economist: Bitcoin Could Be Setting Up for an Ideal Short Opportunity

Bitcoin is currently caught in an intense updraft that has allowed its price to gain some serious momentum throughout the past couple of weeks. This ongoing rally first began when news broke regarding Square purchasing $50 million worth of Bitcoin to hold on their balance sheets as a reserve asset. Shortly thereafter, PayPal also announced …

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‘A Race Toward Zero’: With Hashrate in the Clouds, Bitcoin Mining Is Less Profitable Than Ever – Helena Bitcoin Mining

Visit the original article* Bitcoin mining profitability is in the basement, seeing all-time lows in 2020. Conversely, Bitcoin’s hashrate has surged throughout 2020, propelled in part by mining farms financing new hardware to boost their operations. Bitcoin’s hashrate has taken a dip as China’s wet season comes to an end, but mining professionals predict this …

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Chainlink LINK

Analyst: Chainlink Could Dive Towards $8.00 Before Extending Uptrend

Chainlink has been one of the few altcoins to see some notable momentum throughout the past few days, as most altcoins have been struggling to rally despite the overt bullishness seen by Bitcoin. The crypto remains well below its 2020 highs of $20.00 that were set a few months ago, but it could be just …

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Bitcoin

This Indicator Predicted Previous Bitcoin Bull Runs; It Just Flashed Again

Bitcoin’s price action as of late has been ultra-bullish, with the cryptocurrency setting fresh yearly highs today in the midst of a stock market selloff Its ability to break its close correlation with equities is a positive sign, and could be emblematic of mounting fundamental strength Analysts are now widely noting that upside is imminent …

This Indicator Predicted Previous Bitcoin Bull Runs; It Just Flashed Again Read More »

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‘ASIC Financing’ Is Driving Down Bitcoin Mining Profitability – CoinDesk

Bitcoin mining profitability is in the basement, seeing all-time lows in 2020. Conversely, Bitcoin’s hashrate has surged throughout 2020, propelled in part by mining farms financing new hardware to boost their operations. Bitcoin’s hashrate has taken a dip as China’s wet season comes to an end, but mining professionals predict this will only be temporary, …

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XRP

Analyst: XRP Bull Run a Week Away as It Completes Bullish Technical Pattern

XRP’s price action has been similar to how it has been for the past couple of years, with it consolidating in the mid-$0.20 region while being wholly unable to garner any type of sustainable trend. This consolidation phase has come about despite the strength seen by Bitcoin and the rest of the crypto market. Much …

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MicroStrategy’s $425M Bitcoin Bet ‘Elevating Firm’s Profile,’ Say Executives - Helena Bitcoin Mining

MicroStrategy’s $425M Bitcoin Bet ‘Elevating Firm’s Profile,’ Say Executives – Helena Bitcoin Mining

Visit the original article* MicroStrategy executives said Tuesday its 38,250 bitcoin treasury is boosting the business intelligence company’s market visibility in Q3 as its revenue rose 6.4% year-over-year and notched a net loss of $14.2 million. On a non-GAAP basis, the company posted a profit of $19.8 million, or $2.06 per share, up from $11.6 …

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Ethereum

Ethereum Rebounds Following Recent Nosedive; What Analysts are Expecting

Ethereum has been taking a beating throughout the past few days as all eyes closely watch Bitcoin The crypto has been severely underperforming BTC as of late, with the benchmark digital asset seeing a sharp rise in market dominance as altcoins stagnate This could be due to ETH and other alts lagging, which would indicate …

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Ethereum Rebounds Following Recent Nosedive; What Analysts are Expecting - The Bitcoin News

Ethereum Rebounds Following Recent Nosedive; What Analysts are Expecting – The Bitcoin News

Ethereum has been taking a beating throughout the past few days as all eyes closely watch Bitcoin The crypto has been severely underperforming BTC as of late, with the benchmark digital asset seeing a sharp rise in market dominance as altcoins stagnate This could be due to ETH and other alts lagging, which would indicate …

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