![Bitcoin [BTC]: These factors might initiate a reverse exodus for struggling miners](https://www.coindailynews.io/wp-content/uploads/2022/08/bruno-hervas-uk7S1Cjn5ds-unsplash-455x300.jpg)
The mining industry of bitcoin has suffered a serious setback in 2022. Considering factors such as massive price correction, inflation, etc., many miners have also exited the bitcoin network. Why? Well, mainly to make ends
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In 2013, James Howells – a citizen of Newport, Wales – mistakenly threw away his iPhone-sized hard drive containing 8,000 BTC. To find his lost possessions (worth around $169 million as of now), the 36-year-old
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Bitcoin touched a high of $24,666 on Coinbase to leave the benchmark cryptocurrency on the cusp of its best monthly performance since October 2021. Bitcoin (BTC) hit highs of $24,666 on US crypto exchange Coinbase
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The past 24 hours saw Bitcoin, Ethereum, and other major cryptocurrencies consolidate around important levels, and their performance around them is likely to determine the direction going forward. Bitcoin flirts with $24,000 The price of
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On July 28, the bitcoin mining company Bitfarms announced the completion of the second phase of its facility expansion, by adding roughly 18 megawatts (MW) of capacity to the operation. The mining facility dubbed “The
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Bitcoin miners’ balance has reached a four-year high. According to Glassnode’s latest data, the figures have surpassed 1,845,303 BTC. Bitcoin Miners Hodling Again From the Great Chinese Migration in 2021 to the ongoing bear market,
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One of oldest indicators in industry shows that bounce is coming One of the most popular and time-tested indicators in technical analysis, the Relative Strength Index, is showing many signs of an upcoming rebound for
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Although bitcoin trades 25% higher than its multi-year bottom tapped in June at $17,500, CryptoQuant suggested that the asset could face upcoming price drops. This is because of the Bitcoin Exchange Whale Ratio, which has
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After an exuberant risk-on rise in Bitcoin’s price Tuesday, a retracement since Wednesday wiped out most of the gains. Traders blame Tesla’s Q2 earnings report. Bitcoin prices have been hovering around the $20,000 level since
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The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned of the “biggest bond crash since 1788.” He stressed that the “real problem” is in the bond market, which is
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