Cango plans to further expand its operations with an additional 18 EH/s from Golden TechGen in a deal valued at $144 million. Shanghai-based car dealership Cango Inc. has pivoted to Bitcoin (BTC) mining, announcing a $256 million acquisition of 32 exahashes per second (EH/s) in hashrate from Bitmain Technologies. In...
Bitcoin Price Analysis: Is BTC In Danger of Falling to $80,000 Soon?
Bitcoin’s price shows some worrying signs suggesting that a deeper correction is bound to occur, as the price has failed to hold the $100K level. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the price has been gradually rising over the last few weeks, creating...
Bitcoin (BTC) Price Surge on the Horizon? This Vital Metric Suggests So
Here's what suggests that BTC might experience another price upswing in the near future. TL;DR After a correction below $94,500, BTC rebounded to almost $99,000, with certain indicators signaling a further push to the north. Some analysts see BTC’s next targets ranging from $101,000 to $275,000, supported by bullish technical...
What Does MDIA Tell Us About XRP, DOGE, and BTC’s Upcoming Trends?
Dogecoin, XRP, and Bitcoin show MDIA trends hinting at potential bull market recovery. After a turbulent correction, the cryptocurrency market has found some calm, with prices stabilizing. Meanwhile, the Mean Dollar Invested Age is quietly pointing to heightened network activity, often seen as a precursor to extended bullish trends. Despite...
Bitcoin Plunges to $98K Amid Heightened Volatility
Bitcoin's price plunged to almost as low as $98,000, leaving over $400 million in liquidated long positions. It’s been a rollercoaster of a day for Bitcoin. Its price reached a historic all-time high above $100,000 earlier, followed by a plunge toward $98,000 moments ago. As CryptoPotato reported earlier, the move above $100K...
MARA Closes $850M Convertible Note Offering to Boost Bitcoin Holdings
MARA’s latest zero-interest notes mature in 2031 and can convert into cash, shares, or a mix, with proceeds projected at $835M to $985M. MARA Holdings, Wall Street’s largest publicly traded Bitcoin miner, has successfully closed a second $850 million offering of convertible senior notes. The company made the announcement on...
Experts and Analysts React to Bitcoin’s Surge Past $100K: What’s Next?
While some market analysts see a short-term target for bitcoin at $112,000, others believe the leading cryptocurrency is still in its early stages. Bitcoin’s (BTC) 7% surge above $100,000 in the past 24 hours has ignited a massive reaction in the crypto community. Market experts and analysts are discussing factors...
Bitcoin Miners Pump $3.6B Into Infrastructure, Equipment in 2024
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...
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...
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...
