Bitcoin News

Bitcoin News

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Bitcoin Plunges Below $56K as Stocks Sell Off in Weak U.S. Trading

Crypto markets have made a habit over the past few weeks of declining as U.S. traditional markets open, underscoring a general risk-off sentiment among American investors.

Bitcoin price on Sept. 11 (CoinDesk)

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Bitcoin Decouples From Gold as Crypto Continues in Bearish Phase

Another technical indicator suggests even tougher times could be in the cards for the crypto market.

BTC bearish phase (CryptoQuant)

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U.S. Core Inflation Rose 0.3% in August, Faster Than Anticipated

The price of bitcoin initially slipped following Wednesday morning's report.

U.S. August inflation data was released Wednesday morning (Frank van Hulst/Unsplash)

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A Bitcoin Chart That Offers Hope to Battered Crypto Bulls

Bitcoin's price action since late April seems to have bullish undertones.

Trading screen.

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First Mover Americas: Bitcoin Drops Below $56.5K on Risk-Off Day

The latest price moves in crypto markets in context for Sept. 11, 2024.

BTC price, FMA Sept. 11 2024 (CoinDesk)

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Bitcoin Mining Was Significantly Less Profitable in August, Jefferies Says

September could be another difficult month for the miners as bitcoin remains under $60K and the network hashrate continues to rise, the report said.

Alta Novella's turbine room with 40 ASIC bitcoin miners.

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Bitcoin Eyes $58K With Downtrodden Crypto Markets Exposed to Short Squeezes, Says Analyst

The 30-day average funding rates for perpetual swaps slid to negative levels, a rare occasion that marked a bottom in prices historically, K33 Research said.

Bitcoin price on Sept. 10 (CoinDesk)

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Solo Bitcoin Miner Wins Big After Securing an Entire Block Reward

The emergence of new mining rigs may have created an opportune environment for solo miners, according to CryptoQuant.

ASIC Miners (Sandali Handagama/CoinDesk)

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Core Scientific Is Uniquely Placed to Deliver AI Data Center Scale in the Near Term: Bernstein

The bitcoin miner benefits from readily available sites and power, less competition and the ability to hire strong data center talent, the report said.

bitcoin miner (Shutterstock)

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First Mover Americas: Bitcoin Rises to $57K as ETFs End Losing Streak

The latest price moves in crypto markets in context for Sept. 10, 2024.

BTC price, FMA Sept. 10 2024 (CoinDesk)