Bitcoin miners spent $3.6B on hardware, data centers, and infrastructure in 2024, nearing record quarterly investments last seen in Q1 2022. Since the beginning of 2024, publicly traded Bitcoin mining companies have collectively spent more than $3.6 billion on property, plant, and equipment (PP&E). This includes money spent on mining...
Ethereum Price Analysis: Here is the Next Probable Target for ETH
Ethereum’s price shows signs of strength, with a slight rebound after retesting the $3.5K support level. While the price is poised to challenge the $4K resistance soon, periodic consolidations within the $3.5K to $4K range are likely as the market digests recent gains. Ethereum Price Analysis By Shayan The Daily...
Calm Before the Storm: Is Bitcoin About to Explode Above $100K? (BTC Price Analysis)
Bitcoin’s price has yet to hit the $100K milestone, but considering the market’s current state, it seems only a matter of time. Bitcoin Price Analysis By Edris Derakhshi (TradingRage) The Daily Chart The daily chart demonstrates a clear picture of the last 9 months of Bitcoin’s price action, where the...
These Cryptos Increase The Most as Bitcoin Trades Around $97K (Weekend Watch)
The cryptocurrency market remains relatively calm, but some altcoins are exploding in value. The total cryptocurrency market capitalization remained relatively unchanged throughout the past 24 hours, as Bitcoin and most large-cap coins failed to chart any significant gains. Of course, there are some exceptions to this, including the new Hyperliquid...
This Meme Coin Trader Made a Profit of Over $1.5 Million: Here’s How
Check out how a trader made over $1.5 million by dealing with MEW. TL;DR A whale turned $2.42M into $3.94M by trading Cat in a Dogs World (MEW), while another turned $158 into $5.6M with CHILLGUY, showcasing the high profit potential of early investments. However, meme coins are highly volatile...
Stablecoins Remain 1% of US Money Supply, FX Market but Experts Predict 10x Growth
Report forecasts stablecoins growing from 1% to 10% of US M2 and FX, spurred by advancing regulatory clarity With a current market cap of less than $200 billion, stablecoins represent a tiny fraction of global financial transactions – just 1% of US money supply and foreign exchange operations. However, a...
Hackers Have Stolen $1.49B YTD, DeFi Suffers 200 Attacks But CeFi Isn’t Safe Either
Cybercriminals target CeFi by posing as recruiters or planting fake employees to exploit infrastructure vulnerabilities and steal funds. In November 2024, hacks accounted for an overwhelming 99.96% of total losses. During the same period, fraud and rug pulls fell significantly, contributing to just $25,300 in total losses across two incidents....
Bitmain’s Antminer Imports in Limbo: Speculations Swirl Around Sophgo’s Huawei Ties
After facing months-long delays at US ports, certain miners suspect scrutiny over Sophgo chips tied to Huawei sanctions breaches. The US Customs and Border Protection (CBP) is holding specific imports of Antminer ASIC miners at various ports across the country. Seven US-based bitcoin mining companies, who spoke anonymously, claimed that...
Cardano’s (ADA) Bullish Revival: Network Activity Hits 840K Transactions
Cardano network activity continues to surge, mirroring 2022 levels, after ADA reclaims $1-level. Cardano (ADA) has remained in the top 10 cryptocurrencies by market cap despite a brief slowdown this week. Over the past day alone, ADA gained over 7%, depicting its revival with the onset of the bull market....
Will $9.5B Bitcoin Options Expiry Drive Markets Higher?
Another Friday has arrived, and a huge batch of Bitcoin options are set to expire as the asset starts to recover from its correction. Approximately 98,500 Bitcoin options contracts will expire on Friday, Nov. 29, in a large end-of-month expiry event. They have a notional value of $9.48 billion, which...
