Hashrate figures for Bitcoin set new highs on Sunday night after crossing previous highs from mid-2021, data from analytics tool Glassnode show. Hashrate refers to the amount of computational power…
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According to data from CoinMarketCap, the price of Bitcoin (BTC) has taken a nosedive this week falling by 9.03% to trade below the $62,000 price mark. This negative price action brings the asset’s net gain over the last month to a mere 0.20%, indicating a period equally influenced by both buyers…
The CEO of analytics firm CryptoQuant has explained how the Bitcoin network fundamentals could support a market cap three times the current size. Bitcoin Hashrate/Market Cap Ratio Could Reveal Ceiling For Cycle In a new post on X, CryptoQuant founder and CEO Ki Young Ju has talked about what the…
Analysts at JPMorgan, led by managing director Nikolaos Panigirtzoglou, have hinted at the possibility that publicly listed Bitcoin (BTC) miners will continue to gain a larger share of the network’s hashrate. However, this is tied to the conditions that they cut costs and sustain profitability. Vertical Integrations Offers Cheaper Electricity …