Bitcoin Miners Selling at $28K: Is the Crypto Market at Risk?
Bitcoin miners may be selling their output at the $28K level, according to Matrixport, due to compressed profit margins. Learn more about the potential impact of this on the market.
Tag: Profitability
Bitcoin Mining Difficulty Reaches Record Highs, Affecting Profitability
Bitcoin mining difficulty hits all-time high, set to surpass 50T mark, thanks to rising popularity of Ordinals protocol and increasing computing power. Read more to learn about the impact on miners' profitability and what could slow down the growth.
CoinShares’ Impressive Q1 Earnings: How They Beat the Market
CoinShares returns to profitability in Q1 2023 with highest earnings since Q1 2022 despite challenging industry conditions.
Bitcoin’s 2023 Price Trend: Eerily Familiar and Strongly Predictive According to Two New Metrics
Bitcoin is set to enter a new bull market in 2023, as highlighted by the SLRV Ribbons metric and the Bitcoin Yardstick, two reliable Bitcoin analytics tools that have been backtested to improve investment returns and show that BTC is still considered "cheap" at current prices, according to Charles Edwards,…
5 Key Components of a Profitable Trading Plan
Improve your trading success with these essential elements for a profitable trading plan.
Core Scientific Files for Bankruptcy: The Impact on the Bitcoin Mining Industry
Bitcoin mining company Core Scientific has filed for Chapter 11 bankruptcy, citing decreased revenue due to the decrease in the value of bitcoin and slow reaction time of hashrate to market changes. The company hopes to restructure through negotiations with creditors, but it remains to be seen if it will…
