Bitcoin Miners Under Pressure As Mining Revenue Plummets By 56%
Bitcoin miners are under pressure as revenue continues to decline while production costs have been increasing. Also, the crypto market remains bearish and long-term investors lose money. according to a newsletter by On-chain Analytics platform Glassnode. Are Bitcoin miners Aggravating selling pressure? Glassnode seeks to estimate the market’s value from a miner’s perspective by using […]
Here’s Why Bitcoin (BTC) Could Slump Further To $24K After Slipping Below $30k Levels
Bitcoin (BTC) has dropped significantly in the last 24 hours after failing to break beyond the $32,000 level after much anticipation for a rally. BTC is down over 5% at $29,535 and has been stuck in a tight range for over a month. There also appear to be a few factors that favor price increases […]
Binance’s BNB Token Drops Almost 11% Amid SEC Investigation On Exchange
The US Securities and Exchange Commission (SEC) is investigating Binance’s BNB, the fifth-largest cryptocurrency over some suspicions. Binance native token, BNB, dropped as much as 11% after the news of the investigation broke. The token was trading at an average price of $279.6 at press time. Other exchange-linked tokens, such as Kucoin’s KCS and FTX, […]
Bitcoin (BTC) Dominance Extends To 47%, Is This Good For Market?
Bitcoin (BTC) seems to be taking a major part of the crypto market’s recent recovery when it accounts for 47% of the market. Bitcoin has gained more than 6% in the last 24 hours, reclaiming the $31,000 mark. Given that the token has been held at $30,000 for over a month, the focus now is […]
Here’s Why Cardano (ADA) Will Continue Bullish Run After Surging 14%
Cardano’s (ADA) witnessed a prolonged rally after a surge in NFT trading on the blockchain and positive crypto sentiment prompted further ADA purchases. ADA has increased by 14% in the last 24 hours to $0.624, taking its weekly gains to approximately 22%. The token has outperformed its major crypto peers in the past week amid […]