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.
Trading
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 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 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 Sinks Under $61K as One Trader Sticks to $150K Prediction This Year
U.S.-listed ETFs ended a five-day inflow streak with $13 million in net outflows on Tuesday.
Bittensor’s TAO Slides 15% After $8M Wallet Drain Attack
The blockchain was paused early Wednesday to contain the exploit, with security researchers suspecting a private key leakage.
German Government Entity Moves $24M Bitcoin to Kraken, Coinbase: Arkham
Tuesday’s movements come days after the entity shifted $425 million among wallets, with some bitcoin transferred to exchanges.
Mt. Gox Redemption Fears ‘Overblown’ Say Traders as $10B BTC Holdings Draw Concerns
The defunct crypto exchange’s trustees said Monday they are preparing to start distributing bitcoin (BTC) stolen from clients in a 2014 hack in the first week of July.
Mt. Gox to Begin Repayments in July; BTC Slides Under $61K
The defunct crypto exchange is supposed to return over 140,000 bitcoin to victims of the 2014 hack.
Japan’s Metaplanet Wants to Buy Another $6M Bitcoin
The firm will purchase over $6.2 million worth of bitcoin using proceeds from an upcoming bond issuance, adding to its BTC coffers.