Bitcoin (BTC)

Bitcoin miner Riot Platforms revealed a net financial loss of $84.4 million during Q2 2024, registering its first quarterly loss since Q4 2022. The loss witnessed this quarter comes due to April’s Bitcoin halving event, cutting down mining rewards in half, and the Bitcoin network’s increased hash rate. Miners industry-wide had a hard time since the halving, registering losses and missing estimates. Riot increased selling the bitcoin it received as rewards for mining to cover rising expenses,...

The largest cryptocurrency, bitcoin, dropped to price levels below $61,000 from highs of over $65,000 within 24 hours. The asset also nearly peaked past $70,000 earlier in the week. This drop comes despite a US jobs report showing that only 144,000 jobs were added in the past month, a factor that should have caused the asset’s price to rise. News like that often pushes risk assets like stocks and crypto into the green territory. Massive tech stocks also observed losses on Friday, regardless...

Traduction d’un article de Shinobi publié dans Bitcoin Magazine le 1er août 2024. Bitcoin a connu une croissance énorme au cours des quinze dernières années depuis sa création, et cela s’est accompagné de nombreux changements dans la culture de l’écosystème global, ainsi que dans les petites communautés qui le composent. Il fallait évidemment s’y attendre, car le réseau est passé d’une petite niche dans un coin d’Internet à un phénomène...

Bitcoin’s price experienced a significant drop yesterday following the breakdown of the $64K support level. The price is now in a key area that could determine the crypto market’s mid-term fate. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been dropping since creating a double top pattern at the $68K resistance level. The $64K level has also been broken down to the downside, and the cryptocurrency is testing the 200-day moving average....

Crypto investors are buzzing about 99Bitcoins Token, and with just three days left in its presale, everyone’s trying to get in on the action. This Learn-to-Earn project has already raised over $2.5 million. By turning crypto education into actual rewards, the 99Bitcoins Token (99BTC) developers are looking to empower more people to understand and learn about blockchain topics. Earn as You Learn with 99Bitcoins Token 99Bitcoins is shaking up how we learn with its new...

Bitcoin (BTC) could be seeing less selling pressure from miners in the near term due to an increase in the profitability of this cohort of market participants and the recovery of their hashrate following the cryptocurrency’s rally to the $69,000 range. According to a CryptoQuant report, the Bitcoin network hashrate recovered while BTC had its latest rally. The metric’s drawdown from its all-time high is now 3%, compared to 8% on July 9. Bitcoin Network Hashrate Recovers On...

The economic uncertainty in the US pushed bitcoin’s price south hard in the past day or so, and the asset plunged to $60,500 for the first time in almost three weeks. The altcoins are in an even worse state, with SOL, TON, and UNI plummeting by over 5% in the past day. ETH has slipped below $3,000. BTC Sees 3-Week Low The start of the business week couldn’t have foreseen what transpired just several days later. The asset soared to $70,000 on Monday after Donald Trump’s...

TL;DR Adopting BTC as a legal tender in the US would enhance its legitimacy and attract substantial investment, potentially boosting the price. This move could lead to market volatility with sharp movements due to speculative buying and unpredictable investor reactions. What if the US Embrace BTC? The United States will soon have a new President, with the elections scheduled for November this year. Those going to the ballot boxes will have to pick from the Democratic nominee...

Marathon Digital (MARA) saw its shares drop over 8% in after-hours trading on Thursday following a second-quarter revenue report that fell short of Wall Street’s forecasts. However, the stock has since recovered some of these losses. Marathon Digital Sees a Revenue Miss Marathon Digital reported second-quarter revenue of $145.1 million, falling short of Wall Street’s forecast of $157.9 million, approximately 9% lower. The company attributed the revenue miss to operational...

MicroStrategy, the world’s largest public Bitcoin holder, has announced plans to raise up to $2 billion through the sale of its class A shares. The company made this revelation in a regulatory filing with the U.S. Securities and Exchange Commission on August 1. Details From the Filing MicroStrategy has not disclosed the specific timeline for the sale of its class A shares. However, the company stated in its filing that the funds raised would be allocated for “general...