As Bitcoin Bellyflops to $54K Only Five Mining Rigs Remain Profitable, Says F2Pool
Miners need to continually sell bitcoin rewards to keep operations afloat, and they are stressed during a market downturn.
Bitcoin
Crypto Bulls Rack up $580M Liquidations as Bitcoin Drops 8%, Ether, Solana, Dogecoin Plunge
Traders previously warned of the bearish market reaction to Mt. Gox’s bitcoin repayments.
Bitcoin Slumps Below $54K as Mt. Gox Moves $2.6B in BTC
BTC slides to lowest since late February, breaching key price support.
Crypto bloodbath as $130 billion lost in a day
After weeks of worrisome trading, things appear to have come to a head for the crypto markets on July 4 … Continue reading
The post Crypto bloodbath as $130 billion lost in a day appeared first on Finbold.
Bitcoin Nosedives Under $58K Amid Mt. Gox, German Government Wallet Movements
A wallet belonging to a German official entity moved its largest stash of BTC to exchanges earlier today, while Mt. Gox wallets showed activity for the first time in a month.
Bitcoin Drops Below 200-Day Average, Brings Bull Market Trendline Into Focus
Markets that consistently trade below the 200-day SMA are said to be in a downtrend.
Mt. Gox Doomsday Scenario Involves Bitcoin Cash, Not Bitcoin: Analyst
Selling pressure from Bitcoin Cash (BCH) and lack of liquidity is the story to watch once Mt. Gox begins redemptions, writes Presto Research.
Bitcoin Plunges Under $59K as Crypto Bulls See $230M Liquidations
Solana’s SOL and dogecoin (DOGE) lead losses among major tokens, with the CoinDesk 20 index down 4.8%.
Bitcoin Bottom Is Near as Miners Capitulating Near FTX Implosion Level: CryptoQuant
Bitcoin miners are showing signs of capitulation, an event that is typically tied to a market bottom following a 13% decline over the past 30-days.
Bitcoin Losing $60K Handle May Trigger Wave of ETF Liquidations: Analyst
BTC has already dropped 14% in four weeks.