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Analyst Says Speculators and Bitcoin Miners Responsible for BTC’s Recent Plunge Below $60,000

Bitcoin.com
Analyst Says Speculators and Bitcoin Miners Responsible for BTC’s Recent Plunge Below ,000
Bitcoin (BTC)
Analyst Says Speculators and Bitcoin Miners Responsible for BTC’s Recent Plunge Below ,000A combination of speculators continuously opening new long positions and miners dumping נitcoin to pay for hardware upgrades caused the top cryptocurrency to plunge to $58,000, according to an onchain analyst. The analyst expects the top crypto asset to rebound once the ongoing “culling of weak miners” is complete. Speculators Contribute to Bitcoin’s Plunge According […]
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Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

Bitcoin Miners Face 8.4% Profit Decline Amid Falling Hashprice and Market Pressures

Bitcoin.com
Bitcoin Miners Face 8.4% Profit Decline Amid Falling Hashprice and Market Pressures
Bitcoin
Bitcoin Miners Face 8.4% Profit Decline Amid Falling Hashprice and Market PressuresIn the last three days, bitcoin miners have experienced an 8.4% drop in profits, echoing a decrease in bitcoin prices. Since then, the network’s hashrate has fallen below the 600 exahash per second (EH/s) mark. Price Drop Squeezes Bitcoin Mining Profits Revenue for bitcoin miners has declined as the hashprice, the revenue from 1 petahash […]
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Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

Average Bitcoin Transaction Fees Skyrocket to $19.20 per Transfer as Over 440,000 Transactions Remain Unconfirmed

Bitcoin.com
Average Bitcoin Transaction Fees Skyrocket to .20 per Transfer as Over 440,000 Transactions Remain Unconfirmed
Average Fee
Average Bitcoin Transaction Fees Skyrocket to .20 per Transfer as Over 440,000 Transactions Remain UnconfirmedBitcoin transaction fees have surged significantly in the past 24 hours, with the average fee reaching $19.20 per transfer. The increase in fees can be linked to a backlog of transactions trapped in the mempool, as over 440,000 unconfirmed transactions are currently awaiting confirmation. Block Reward Dethroned: Bitcoin Transaction Fees Surpass Mining Subsidy for the […]
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Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

Bitcoin Miners Brace for Another Projected Difficulty Increase as Hashrate Heats Up Amid Market Uncertainty

Bitcoin.com
Bitcoin Miners Brace for Another Projected Difficulty Increase as Hashrate Heats Up Amid Market Uncertainty
Bitcoin
Bitcoin Miners Brace for Another Projected Difficulty Increase as Hashrate Heats Up Amid Market UncertaintyDespite a 9.95% increase last week and the all-time high difficulty, bitcoin’s hashrate has averaged around 305 exahash per second (EH/s) over the past 30 days. According to current data, the hashrate has been around 308 EH/s over the past 2,016 blocks. The next difficulty change, set to occur on March 10, is estimated to […]
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Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

Bitcoin Network’s Mining Difficulty Rises to All-Time High, Making Block Discovery More Challenging

Bitcoin.com
Bitcoin Network’s Mining Difficulty Rises to All-Time High, Making Block Discovery More Challenging
All time high
Bitcoin Network’s Mining Difficulty Rises to All-Time High, Making Block Discovery More ChallengingBitcoin’s mining difficulty printed a record increase on Jan. 15, 2023, rising 10.26% to 37.73 trillion at block height 772,128. The network’s difficulty is now at an all-time high. This means, on average, it takes 37.73 trillion hashes, or attempts, to find a valid bitcoin block reward and add it to the blockchain. 2023’s First […]
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Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

Litecoin to Undergo Block Reward Halving in Just Over 200 Days, First Among Major PoW Cryptocurrencies

Bitcoin.com
Litecoin to Undergo Block Reward Halving in Just Over 200 Days, First Among Major PoW Cryptocurrencies
Bitcoin Halving
Litecoin to Undergo Block Reward Halving in Just Over 200 Days, First Among Major PoW CryptocurrenciesIn roughly 202 days, the cryptocurrency network Litecoin (LTC) will experience a block reward halving on or around Aug. 3, 2023. Litecoin will be the first major proof-of-work (PoW) blockchain to see a reward reduction before Bitcoin’s upcoming halving, which is expected to occur 203 days from now. Litecoin Halving Set to Occur on or […]
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Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

Ancient Bitcoin Block Rewards See Decrease in Spending After Record Activity in 2020 and 2021

Bitcoin.com
Ancient Bitcoin Block Rewards See Decrease in Spending After Record Activity in 2020 and 2021
2009
Ancient Bitcoin Block Rewards See Decrease in Spending After Record Activity in 2020 and 2021In 2021, a number of 2010 block rewards were spent after the bitcoins sat idle for more than a decade. Furthermore, in 2020 and 2021, an early miner from 2010 spent strings of 20 ancient block rewards. In 2022, however, only 17 block rewards from 2010 were spent. Alongside this, on March 10, 2022, an […]
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Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

Recently Signed 2009 Bitcoin Block Reward Linked to Hal Finney’s Set of BTC Transactions

Bitcoin.com
Recently Signed 2009 Bitcoin Block Reward Linked to Hal Finney’s Set of BTC Transactions
address
Recently Signed 2009 Bitcoin Block Reward Linked to Hal Finney’s Set of BTC TransactionsAt the end of November, an unknown person signed a signature tied to an extremely old block reward mined on Jan. 19, 2009, and the user published a message and verified signature linked to the reward on the forum bitcointalk.org. The message was tied to a bitcoin address associated with block 1,018, a block reward […]
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Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

An Unknown Individual Signed a Message Associated With BTC Block 1,018, Reward Was Minted 16 Days After Satoshi Launched Bitcoin

Bitcoin.com
An Unknown Individual Signed a Message Associated With BTC Block 1,018, Reward Was Minted 16 Days After Satoshi Launched Bitcoin
address
An Unknown Individual Signed a Message Associated With BTC Block 1,018, Reward Was Minted 16 Days After Satoshi Launched BitcoinOn Nov. 15, 2022, a post was created on the forum website bitcointalk.org and the thread’s creator asked people to share signatures tied to some of their oldest mined bitcoin blocks. 11 days later, a newly created bitcointalk.org profile, called “Onesignature,” shared a signed message tethered to an extremely old block reward created on Jan. […]
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Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

A String of 200 ‘Sleeping Bitcoins’ From 2010 Worth $4.27 Million Moved on Friday

Bitcoin.com
A String of 200 ‘Sleeping Bitcoins’ From 2010 Worth .27 Million Moved on Friday
200 Bitcoin
A String of 200 ‘Sleeping Bitcoins’ From 2010 Worth .27 Million Moved on FridayWhile the price of bitcoin is holding above the $21K per unit range, four bitcoin block rewards mined in 2010 were spent for the first time in over 11 years. The four block rewards were mined between September and October 2010 and the 200 bitcoin worth $4.27 million were transferred to an unknown wallet. 4 […]
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Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

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