The current bitcoin mining difficulty is at historic highs, with computing power increasing by over 100% in 2023. CoinShares predicts a decline in mining activity after the halving, resulting in a “miner exodus.” The company also forecasts the average cost of production per coin to normalize at just under $38,000 post-halving. This is due to … Read more
Despite hitting a 21-month high above $45,000 in January, historical data shows that bitcoin has not seen positive returns in the month. Only twice in the past five years has the cryptocurrency gained in January. On Wednesday, it dropped 8% to trade at around $42,000. However, there’s potential for a rally if a spot bitcoin … Read more
Crypto Investor Buying Power Just Reached A 6-Month High, What This Means Investors in the cryptocurrency market are showing a growing interest in buying digital assets, as indicated by the accumulation of Tether’s stablecoin, USDT, on exchanges. The total amount of USDT held on exchanges has reached a six-month high, signaling a readiness to enter … Read more
Bitcoin (BTC) hovered around its key long-term trendline as the US dollar gained strength, reaching its highest level in six months. The BTC price focused on the $25,700 area, showing less volatility compared to the previous day. Bitcoin market participants remained cautious with predictions of a further decline in price. Traders and analysts identified the … Read more
