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Search Results for: halving

Bitgert Price Action: Why Bullish Signals Are Building for a Breakout in 2024

Bitgert is on a path to becoming better than ever, with a projection that it could exceed its all-time high (ATH). As the momentum toward the bull season intensifies, we continue to see a shift in attention toward assets that could break the market. The Bitgert coin offers innovations that

September 19, 2024 3 mins read

Crypto Miners Foresee Potential Bull Run Despite Price Drop

The mining wallets of the largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) have been through a consistent decline in the asset holdings since the mid-2024. However, a slight recovery in prices indicates that miners might increase their collective assets. According to the analytics firm Santiment, this drop in supply is

September 13, 2024 2 mins read

Japan’s TEPCO Taps Surplus Green Energy for Bitcoin Mining

Japan’s Tokyo Electric Power Company (TEPCO) is exploring green energy management through its subsidiary, Agile Energy X. By utilizing surplus renewable energy for Bitcoin mining, the company aims to tackle energy waste and generate significant revenue. According to a report by local media Asahi Shimbun, Agile Energy X revealed that

September 9, 2024 2 mins read

Can Bitcoin Price Reclaim the Ground Amid This Bear Grip?

The September Effect plays a vital role in the crypto market. Historically, this month has been difficult for U.S. stocks and the Bitcoin market. Over the past few weeks, BTC has defied all bullish market predictions, extending its bearish rally to date.  Bitcoin touched the $64K mark in late August,

September 9, 2024 2 mins read

Bitcoin Miners Struggle Continues Amid August Production Decline

August output reports from Bitcoin miners showed varied results for the industry as a whole. Several businesses have taken proactive measures to streamline their processes in response to network challenges and the increased demand for power, especially in Texas, a state with a large mining industry. With the Bitcoin network’s

September 8, 2024 2 mins read

Bitcoin Miner’s Struggle Soars as BTC Hashrate Hits Record High

On September 1, 2024, the hashrate of the Bitcoin network, which is the total computing power used to secure the Bitcoin network, hit a new record high of more than 742 exahashes per second (EH/s). As expected given the ongoing trend toward application-specific integrated circuits (ASICs) and other forms of

September 4, 2024 2 mins read

Russian Officials Confiscate 238 Illegal Mining Rigs in Irkutsk

Russian authorities have confiscated 238 mining rigs from a community that is said to be entirely focused on gardening. The Irkutsk region in Southeastern Siberia has become the unofficial capital of the Russian Bitcoin mining sector, where illegal crypto mining continues. This is due to its famously low energy rates,

September 3, 2024 2 mins read

JPMorgan’s Caution on Fed Rate Cuts Effects Sparks Market Uncertainty

Traders and investors across the world are quite worried about JPMorgan’s recent comments on Fed rate decreases. Even if speculation about future interest rate reduction is at an all-time high. The head of global and European equity strategy at JPMorgan today downplayed the likelihood of a bull market. The announcement

September 3, 2024 2 mins read