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Miner Capitulation

Cryptoquant: Bitcoin Miners Expand Capacity But Struggle to Stay Profitable

Bitcoin.com
Cryptoquant: Bitcoin Miners Expand Capacity But Struggle to Stay Profitable
Bitcoin
Cryptoquant: Bitcoin Miners Expand Capacity But Struggle to Stay ProfitableBitcoin miners are expanding their hashing capacity, reaching new record highs despite ongoing challenges in profitability. This report from Cryptoquant Institutional Insights highlights that miners are selling off assets as they face diminishing profit margins and rising operational difficulties. Bitcoin Miners Face Capitulation Amid Record-High Hashrate and Squeezed Margins In the latest findings from Cryptoquant’s […]
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SEC Push Against Elon Musk Stalls as Judge Denies Sanctions

SEC Push Against Elon Musk Stalls as Judge Denies Sanctions

Analysts forecast $200K+ Bitcoin price after BTC’s bullish momentum returns

Coin Telegraph
Analysts forecast 0K+ Bitcoin price after BTC’s bullish momentum returns
bitcoin bull run

Bitcoin’s decisive move above $65,000 and miners' return to deep profitability could lead to BTC hitting $220,000.

Bitcoin could be headed to $220,000 after reclaiming key support levels during the current market recovery. This price target is based on historical Bitcoin miner capitulation patterns as observed by multiple crypto traders. 

“The end of Miner Capitulation periods following Bitcoin Halvings” has historically preceded significant increases in BTC price “in the subsequent months and year,” pseudonymous crypto analyst Cryptonary wrote in a July 17 X post, when Bitcoin (BTC) was hovering just below $65,000.

The analysts shared a hash ribbons chart showing miner capitulation periods and their characteristics. The chart revealed that the end of miner capitulation in previous Bitcoin halving cycles has been followed by massive increases in BTC price: 5,110%, 3,346% and 591% increases post-miner capitulation during the 2012, 2016 and 2020 cycles, respectively.

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SEC Push Against Elon Musk Stalls as Judge Denies Sanctions

SEC Push Against Elon Musk Stalls as Judge Denies Sanctions

Market Jitters: Germany Offloads 3,820 BTC in a Week, Impacting Crypto Sentiment

Bitcoin.com
Market Jitters: Germany Offloads 3,820 BTC in a Week, Impacting Crypto Sentiment
Bitcoin
Market Jitters: Germany Offloads 3,820 BTC in a Week, Impacting Crypto SentimentOver the past seven days, data reveals that the German government has transferred 3,820 BTC to cryptocurrency exchanges, with around 2,165.49 BTC moved in the last eight hours. German Government’s Bitcoin Transfers Cause Stir A week ago, Bitcoin.com News reported that the German government’s wallet, containing bitcoins seized from a piracy website, held 47,179 BTC […]
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SEC Push Against Elon Musk Stalls as Judge Denies Sanctions

SEC Push Against Elon Musk Stalls as Judge Denies Sanctions

From $3 Billion to $2.83 Billion: German Government Transfers Another Cache of Bitcoin

Bitcoin.com
From Billion to .83 Billion: German Government Transfers Another Cache of Bitcoin
Bitcoin
From Billion to .83 Billion: German Government Transfers Another Cache of BitcoinAccording to data from Arkham Intelligence, since Jun. 23, 2024, the German government has moved 820 BTC, valued at slightly above $50 million. A substantial portion of these funds was directed to the centralized cryptocurrency exchanges Kraken and Coinbase. Bitcoin Wallet Linked to German Police Stirs Concerns A bitcoin wallet, reportedly linked to the German […]
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SEC Push Against Elon Musk Stalls as Judge Denies Sanctions

SEC Push Against Elon Musk Stalls as Judge Denies Sanctions

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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SEC Push Against Elon Musk Stalls as Judge Denies Sanctions

SEC Push Against Elon Musk Stalls as Judge Denies Sanctions

Bitcoin breaks 18-month hashrate uptrend: Are BTC miners capitulating?

Coin Telegraph
Bitcoin breaks 18-month hashrate uptrend: Are BTC miners capitulating?
Bitcoin

Despite the drop in hashrate, Bitcoin miner selling isn’t correlated with the BTC price drop from $71,100 to $66,000.

Bitcoin’s hashrate has broken down from an 18-month uptrend, suggesting the start of a potential Bitcoin miner capitulation.

Following an 18-month uptrend, Bitcoin’s true hashrate fell to around 600 exahashes per second (EH/s). The hashrate is used to measure how difficult it is for miners to mine Bitcoin (BTC).

The breakdown from the uptrend could signal that some Bitcoin mining firms are selling their BTC, according to Ki Young Ju, the founder and CEO of CryptoQuant. He wrote in a June 13 X post:

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SEC Push Against Elon Musk Stalls as Judge Denies Sanctions

SEC Push Against Elon Musk Stalls as Judge Denies Sanctions

Bitcoin Miners Take in Bear Rally Profits by Selling More Than 6,000 BTC Since August 1

Bitcoin.com
Bitcoin Miners Take in Bear Rally Profits by Selling More Than 6,000 BTC Since August 1
$0.12 per kWh
Bitcoin Miners Take in Bear Rally Profits by Selling More Than 6,000 BTC Since August 1Bitcoin’s value against the U.S. dollar lost 7.3% during the last 24 hours after more than $600 million in value was removed from the $1.07 trillion crypto economy. Statistics show that a number of bitcoin miners capitulated over the last two weeks, selling 5,925 bitcoin worth millions, according to cryptoquant.com data. More Than 6,100 Bitcoin […]
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SEC Push Against Elon Musk Stalls as Judge Denies Sanctions

SEC Push Against Elon Musk Stalls as Judge Denies Sanctions

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