Bernstein: Bitcoin Mining Difficulty Drops 6% Last Week, Biggest Fall since December 2022

As a researcher with a background in cryptocurrency and blockchain technology, I find the recent decline in Bitcoin mining difficulty to be a positive development for the industry. The combination of lower Bitcoin prices and increasing equipment costs since the last halving has put pressure on high-cost mining rigs, leading to closure and a decrease … Read more

Is The Bitcoin Run Over? Analyst Anticipates Further Upside

As a seasoned crypto investor with a few years of experience under my belt, I share Crypto Jelle’s optimistic outlook for Bitcoin. The recent market turbulence and price corrections may have shaken the confidence of some investors, but I believe that these pullbacks are essential for the bull run to continue. Amidst the current market … Read more

El Salvador Launches Public Tracker for Bitcoin Holdings to Promote Financial Transparency

As an analyst with a background in finance and experience in following the crypto market closely, I am excited about El Salvador’s latest move to provide public access to information regarding its Bitcoin holdings. This level of transparency is unprecedented among nation-states and sets an excellent example for other countries considering the adoption of digital … Read more

Bitcoin Price Bounces Back Above $63,000 Ahead of US CPI Data

As an experienced financial analyst, I believe the current situation with Bitcoin (BTC) is intriguing, given its recent rebound above $63,000 and the surge in trading volume ahead of the US inflation data release. The economic slowdown in America and the possibility of interest rate cuts have investors on edge, seeking confirmation regarding the presence … Read more

Ethereum-Based Layer 3 Blockchain Degen Halted for Over 12 Hours

As a researcher with extensive experience in the blockchain industry, I find the recent setback experienced by Degen Chain to be a concerning reminder of the challenges that still lie ahead for this nascent technology. The sudden halt in network activities, which has left users unable to access their assets on various decentralized applications (dApps), … Read more

Analyst Points Out Level To Beat If Bitcoin Is To Reach $76,000

As a researcher with experience in crypto analysis, I find the current price action of Bitcoin intriguing. The opinions of various analysts provide valuable insights into potential support and resistance levels for Bitcoin. Expert analysis by cryptocurrency specialist Ali Martinez identifies the conditions necessary for Bitcoin‘s price to reach $76,000. Failure to meet these prerequisites … Read more