Category: Uncategorized

[ad_1] The Hash Ribbon, an indicator for determining miner capitulation based on when the market reaches a bottom, ended on Aug. 18 after 2 months of dwindling miner participation. The end of the period marked the third-longest capitulation in history, according to data analyzed by CryptoSlate. However, the crypto industry’s recent meltdown seems to have…

[ad_1] The cryptocurrency market cap saw net outflows of $21.1 billion over the last 24 hours and currently stands at $819.2 billion, down 2.70% over the reporting period. Bitcoin and Ethereum’s market cap decreased by 1.94% and 3.40% to $311.95 billion and $143.60 billion, respectively. All the top 10 cryptocurrencies saw losses over the reporting…

[ad_1] Glassnode and CryptoSlate Deep Dive: How a cold winter is impacting Bitcoin miners and why the fear has just begun – Issue 01 The current state of Bitcoin Miners is extremely stressful as coin prices declined, and credit has contracted, while mining input energy costs have also been on the rise. 🤝 Brought to…

[ad_1] Nothing shines a light on the importance of energy as much as a fast-approaching winter. When the temperature drops, the scarcity of energy becomes obvious and global efforts to preserve it begin. This year, the fight for energy is more aggressive than it’s ever been. The fiscal and monetary policies set in place during…

[ad_1] Miner balances across wallets started the year at 1.82 million BTC and are now back to the same levels, according to on-chain data tracked by Glassnode. The amount of Bitcoin accumulated by Miners in 2022 has been surpassed by the volume sold, wiping out any increase in miner balances.   The balance of the combined…

[ad_1] A total of 100,000 Bitcoin (BTC) were withdrawn from Coinbase in the past two days, marking the third-largest BTC withdrawal in Coinbase’s history. Two withdrawals worth 50K The chart below shows the BTC withdrawals and deposits in Coinbase on a daily basis since the beginning of the year. Bitcoin Exchange Net Position Change for…

[ad_1] Following promises from Binance CEO CZ, the exchange has released proof of reserves for Bitcoin held on the platform. Customer funds are backed by on-chain reserves of over 582,000 BTC — 1% higher than total customer deposits. The customer net balance was 575,742.4228 BTC as of the snapshot taken on Nov. 11, and on-chain…

[ad_1] Over the past seven days, mid-cap altcoins have outperformed large-cap and small-cap tokens by some margin compared to Bitcoin. As a result, Bitcoin’s dominance has fallen to 40%  from a high of 45% on Nov. 17. Source: TradingView Projects with a market cap above $1 billion are considered large-cap, while mid-caps are those with…

[ad_1] Crypto markets have historically been cyclical based on Bitcoin halving events. Bitcoin halvings happen every time 210,000 blocks are mined — roughly every four years. The last halvings occurred in 2012, 2016, and 2020. Between each halving, a bull market has been followed by a bear. Given the transparent nature of most blockchain networks,…

[ad_1] The cryptocurrency market cap saw net inflows of $1.7 billion over the last 24 hours and currently stands at $830.96 billion, up 0.2% over the reporting period. Bitcoin’s market cap fell 0.3% to $317.9 billion from $318.7 billion, and Ethereum’s increased 2% to $146.3 billion from $143.4 billion. The top 10 cryptocurrencies saw a…