Miner capitulation is back as bitcoin’s $70,000 price fails to cover $87,000 production costs
Bitcoin is now approximately 20% below its estimated average production cost, historically a feature of a bear market.
Bitcoin is now approximately 20% below its estimated average production cost, historically a feature of a bear market.
Software stocks are thought to be facing an existential threat from the rise of AI, and Bitcoin, noted one analyst,...
Limited historical trading activity and thin onchain supply suggest further consolidation or a retest of the lower range.
Convergence between bitcoin supply in profit and supply in loss has repeatedly coincided with major market lows.
Silver is higher by nearly 15% on Tuesday, while gold is nearing $5,000 per ounce after a 6.5% gain.
Last year marked the second-worst annual performance since Strategy adopted its bitcoin treasury strategy.
U.S. ETF demand remains resilient even as Black Monday fears surfaced following bitcoin’s drop below $75,000 over weekend.
Historical data show that bitcoin has always found support in bear markets at the 200-week moving average.
It was a relatively small purchase for the company, which now holds 713,502 bitcoin purchased at an average price of...
A sharp drop in the bitcoin price while CME was shut leaves bitcoin futures trading well below Friday’s close.
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© 2018 JNews by Jegtheme.