New CBECI map estimates indicate China’s hashrate dropped to 46%
The map has now been updated after researchers from the Cambridge Bitcoin Electricity Consumption Index (CBECI) project stated that the website’s “Bitcoin Mining Map” had not been updated since April 2020. The mining map’s current data indicates that coverage extends all the way to April 2021, and the estimate of China’s hashrate dominance is far […]
Ethereum Price: Ethereum Already Surpasses Bitcoin In Dollar, Says Celcius CEO
Celsius Network CEO Alex Mashinsky asserted that the Ethereum has already began “flippening” Bitcoin, indicating that it has already begun to “flippen” Bitcoin in terms of U.S. dollars. Alex Mashinsky, the CEO of Celsius Network, has stated that Bitcoin (BTC), the most valuable cryptocurrency in terms of market capitalization, has already begun losing ground to Ethereum (ETH). […]
See Why There Might Be A Price Movement In Bitcoin
Regardless of the fact that Bitcoin had dropped 4% in the past 24 hours at the time of publication, several indicators still appeared to show a positive market for the cryptocurrency. Lark Davis, a well-known analyst and trader, highlighted these charts when discussing his ideas on Bitcoin’s price in the future and how these charts […]
Celsius CEO says he expects Bitcoin to get to $160,000 this year
Alex Mashinsky, the CEO of Celsius Network who had earlier predicted $30,000 for Bitcoin has also stated that he expects the digital currency to reach $160,00 before the year ends. Despite the fact that the price of Bitcoin (BTC) is still hovering around $30,000, industry analysts believe the long-term outlook is favorable. To put this […]
Grayscale Bitcoin Trust can put further downward pressure on Bitcoin Price – JP Morgan Analyst
According to JP Morgan analysts, the expiration of the GBTC shares lockup period may prompt institutional investors to sell them soon, resulting in a further drop in the Bitcoin price. By the end of June, the six-month lock-up period for Grayscale Bitcoin Trust (GBTC) shares will have expired. According to JP Morgan analysts, this might […]