Bitcoin (BTC)

It has been a tough year for crypto miners who had to sell their coins to cover their costs and fund expansion as well as for the repayment of debts. But this trend appears to be continuing into the third quarter of the year for some. Bitcoin price successfully broke out before facing rejection near the $25,000 level. Since then, it has been on a downtrend. This has resulted in mounting sell pressure on Bitcoin miners. However, during the brief upswing in early August, they...

Mixers within the crypto community are experiencing huge booms in business despite the crypto space crashing like it never has before. Mixers Have Been Quite Active Mixers are individuals or businesses that take digital currencies garnered through illicit means and hide them amongst legitimate assets. The process keeps the identities of the parties receiving the crypto quiet while making it appear as though they are not engaged in illicit activity. As time has gone by,...

Things took a turn for the worse in the past seven days as the leading cryptocurrencies plunged. The total market capitalization is down some $115 billion in seven days as multiple leading coins dropped by double-digit percentages. With that said, let’s unpack. Bitcoin trades at around $21,500, which is exactly 10% below its price at this time last week. The leading cryptocurrency by means of total market capitalization failed to overcome the critical resistance at $25K, and,...

Millionaire investor and “Shark Tank” star Kevin O’Leary is convinced the recent crypto crash is a good thing. Kevin O’Leary: The Crypto Crash Isn’t Something to Worry About In an interview, O’Leary stated that the digital currency industry falling apart at press time is making it so that bad crypto businesses are forced to leave the fray. He also said that once regulation is in place, the price of bitcoin is going to increase by four times its present size. O’Leary...

The cryptocurrency industry, in general, has grown tremendously in the past couple of years. This became especially evident and expressive throughout the massive bull run that we witnessed in 2021 when Bitcoin’s price almost touched $70K. Despite the prices going down quite a bit and the market depressing to its current state, there are many industry participants who went on finding new ways and venues of both investing and trading. Covesting is amongst them. The Covesting...

INTERNET CITY, DUBAI, Aug. 17, 2022 – LBank Exchange, a global digital asset trading platform, will list BTCMININGNFT (BMN) on August 19, 2022. For all users of LBank Exchange, the BMN/USDT trading pair will be officially available for trading at 18:00 (UTC+8) on August 19, 2022. As a new powerhouse in bitcoin mining investment, BTCMININGNFT (BMN) legally gives investors the opportunity to visit bitcoin hashrate through corporate systems and converts the hashrate of...

Bitcoin cash price started a fresh decline from the $148 zone against the US Dollar. The price is now trading below the $140 zone and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $139 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair remains at a risk of more losses below the $125 and $122 support levels. Bitcoin cash price is moving lower below $135 against the US Dollar, similar to...

The nation of Sri Lanka is warning citizens and telling them to avoid using or trading digital currencies whenever possible. Sri Lanka Appears to Be Very Anti-Crypto The warning comes at a moment when the whole world seems to be rethinking its attitude towards crypto. At the time of writing, the digital currency space is experiencing a period of suffering unlike any other. Bitcoin, for example, the world’s number one digital currency by market cap, has lost more than 70...

Sustainable bitcoin mining and energy company Clean Spark, Inc. has announced a new acquisition that has garnered the firm an additional 1,061 Whatsminer machines ready to extract new BTC units from the blockchain. Clean Spark Is Building Its Mining Capabilities The machines are located at a mining plant hosted by Coin Mint. They will give Clean Spark an additional 93 peta-hashes per second of computing power, thus boosting the firm’s abilities tenfold. Zach Bradford –...

Bitcoin’s relief rally from the $20K area seems to be coming to an end, as the $24K resistance level is rejecting the price once again. The 100-day moving average also acts as a resistance near the same level. Technical Analysis By Edris The Daily Chart: The 50-day moving average, which is currently located around the $22K level, could provide some support and initiate a rally above the $24K resistance level. In this case, a rapid rise towards the $30K supply zone would be...