Exploring the Dynamics Between Bitcoin Hashrate, Price, and Profitability
Relationship between Bitcoin mining hashrate and its price is complex and multifaceted. This article will explore the dynamic between these two factors.
Shifting Tides
Following an explosive month of volatile price action, Bitcoin is consolidating above the on-chain cost-basis of several cohorts. In this edition, we shall explore this from the lens of spending activity in response to the recent price uptick, considering a wide cross section of the market.
Mysterious Bitcoin Whale Quiet for Over 9 Years Suddenly Awakens, Realizing Over $9.6M in BTC Holdings
A Satoshi-era bitcoin address that had not transacted for over a decade suddenly came back to life this week, resulting in a remarkable yield.
Bitcoin Hash Rate Taps New High, but It’s Nowhere Near Bullish This Time
For many Bitcoin investors, an increase in Bitcoin’s hashrate is a positive sign for the network. Analysts also attach the metrics to a bullish signal. However, a key figure in the cryptocurrency market is citing bearish indicators to watch out for shortly after Bitcoin’s hash rate hit a new all-time high.
Bitcoin Market Realized On-chain Losses for First Time in Over Two Weeks – What This Means for BTC Price
The ratio between all Bitcoins moved at a profit and loss fell below 1 for the first time in more than two weeks on Thursday the 9th of February, according to data from crypto analytics firm Glassnode. The so-called Bitcoin Realized Profit/Loss Ratio fell to 0.9189 as Bitcoin’s price slumped to a new near-three-week low under $22,000 amid concerns about 1) a US regulatory crackdown that is for now focused on US-based crypto staking service providers, but could soon spread to other parts of the industry and 2) concerns that the Fed might end up raising interest rates more than expected this year.
Bitcoin Price Faces Key Moving Average Showdown 3 Weeks After Breakout
Bitcoin (BTC) saw no relief at the Feb. 10 Wall Street open as United States equities dipped further.
Bitcoin Sentiment Returns To Neutral As Price Tumbles Down
Data shows the Bitcoin market sentiment has declined to neutral today as the price of the asset has dropped below the $22,000 level.
Crypto Market Sheds $40B as Bitcoin, Ethereum Prices Sink
Bitcoin (BTC) fell another 4% over the day, changing hands around $21,830, according to data from CoinGecko.
The Attack on Crypto
The atmosphere in the cryptocurrency market has been changing recently, have you been able to feel it?
Long Traders Bear Brunt as Bitcoin, Ether Slide Spurs $220M in Liquidations
Kraken's settlement with the U.S. Securities and Exchange Commission over its liquid staking platform spurred a market decline, with the impact felt most by futures traders betting on further growth.