A recent research from JPMorgan states that Bitcoin miners are finding it difficult to maintain profit due to the April halving of the Bitcoin network and increasing power prices. According to a report written by analysts Reginald Smith and Charles Pearce, the Q2 of 2023 was a historic quarter for
An unaudited report detailing the financial and operational performance of BitFuFu, a cloud mining firm affiliated to Bitmain, was published for the second quarter of 2024, concluding on June 30. In light of the difficulties and expansion the company has faced over the last year, the findings show that the
Bitcoin miner capitulation gauges are getting close to the market bottom after the FTX crisis in late 2022, suggesting a potential bottom for BTC, according to market intelligence company CryptoQuant. As a means of survival or “earn yield or hedge their Bitcoin exposure,” some miners may cut down on operations
There has been a data-driven 85% drop in Bitcoin miner withdrawals since the mid-April Bitcoin halving. The onchain analytics platform CryptoQuant said in a June 28 post that the pressure on miners to sell is “weakening.” Miners of Bitcoin (BTC) have had to adapt to a new economic reality for
Solana emerges as a leading contender, capturing investors’ attention with its stellar performance. With Bitcoin reaching new heights and the impending Bitcoin halving event, Solana’s potential for significant gains post-halving has analysts and investors alike eagerly anticipating its trajectory. Let us delve into Solana’s recent price performance, predictions for its
The Bitcoin halving event has differentially impacted Solana (SOL) and Option2Trade (O2T), reflecting their unique market positions and technological capabilities. While Solana (SOL) leverages its fast and efficient blockchain technology to mitigate the challenges and seize opportunities post-halving, Option2Trade (O2T) capitalizes on its advanced trading algorithms to navigate and profit
After Bitcoin ETFs were introduced in Hong Kong today, BTC had a little 2% recovery, going beyond $63,300. The latest on-chain data, however, shows that Bitcoin miners are increasingly liquidating their holdings. A large amount of Bitcoin has been moved from miners to spot exchanges, according to Cryptoquant, an on-chain
If you are looking for a crypto project to invest in for a bigger win after the Bitcoin halving, you should invest in Bitgert coin. The biggest hype in the crypto market right now is flying around Bitcoin, this is because everyone expects the crypto giant to go bullish after
The most anticipated event in crypto history finally happened. This is the top crypto asset, Bitcoin’s halving. Following the halving, investors are anticipating massive growth in the crypto market. One of which is the budding rise of Bitgert (BRISE). With its promising features, this coin has caught the attention of
After the successful Bitcoin halving this past Friday, the blockchain reached a total of 840,000 blocks. The halving event also reduced the mining reward to 3.125 bitcoin per block. The advent of this event has cast a shadow on the efforts of bulls to push BTC’s price towards the $100,000
