News with the tag "Miner capitulation"

Bitfarms Ltd, the Canada-based Bitcoin mining firm, is recently working out plans to acquire Stronghold Digital Mining in a massive $164 million deal, per the sources familiar with the matter. This development comes amid a failed takeover attempt of Bitfarms by Riot Platforms earlier in June. Bitfar...

Bitcoin 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. B...

Marathon Digital Holdings has announced a significant expansion of its Bitcoin holdings and a shift in its investment strategy. As the major Bitcoin conference approaches, the company has made headlines by purchasing $100 million worth of Bitcoin and adopting a full HODL approach to its cryptocurren...

In an encouraging development for Bitcoin investors, the hash ribbons indicator, a notable market indicator, has flashed a potential buy signal, which has triggered optimism around the largest cryptocurrency asset. As a result, TOBTC, a trading platform and analyst has predicted that Bitcoin could b...

The pioneer cryptocurrency Bitcoin witnessed a shy slowdown in bullish momentum this week resulting in a price drop from $68460 to $65450. Other than an occasional market pullback, this 4.4% drop can be attributed to BTC distribution to creditors by bankrupted crypto exchange Mt. Gox. However, the b...

After rising by more than 28% over the 16 days, the Bitcoin price was rejected at key resistance at $68,500 on Sunday. Since then, the BTC price is displaying a slight pullback, but according to Charles Edwards, the founder of Capriole Investments, investors can expect the bullish momentum to contin...

On-chain data shows the Bitcoin mining revenue has neared its yearly average, a sign that capitulation could be coming to a close for miners. Bitcoin Miner Revenue Is Now Close To Its 365-Day SMA In a new post on X, analyst James Van Straten has discussed about how the situation of the BTC miners is

The largest Bitcoin miner Marathon Digital (NASDAQ: MARA) has been slapped $139 million in fine against the charges of breach of a non-disclosure agreement. This happened as the Bitcoin miner lost a jury verdict against Michael Ho, the former co-founder of US Bitcoin Corp and the chief strategy offi...

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

The Bitcoin (BTC) price has suffered huge selling pressure dropping all the way to $53,500 on Monday amid the massive sell-off by the German government as well as the Mt. Gox’s creditors’ repayment. After yesterday’s crash, the Bitcoin price has recovered to $57,500 as of press time with some of the...