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Latest from Shaurya Malwa
Drop in Bitcoin Mining Difficulty 'Comparable to FTX Collapse,' CryptoQuant Says
Miners’ profitability has been hit as the daily revenues fell from $78 million pre-halving to $26 million currently, one market analyst noted.
Bitcoin ETF Traders Buy the Dip With Nearly $300M Inflows
Net inflows on Monday were the highest since early June, data shows, with Blackrock’s BTC ETF taking on almost $190 million.
Bitcoin, Ether Reverse Losses as Germany Gets Back $200M BTC From Exchanges
On Monday, BTC dropped to as low as $55,000 shortly after an address belonging to the German Federal Criminal Police Office (BKA) sent over $900 million to various addresses.
Bitcoin Climbs Over $57K, With Some Saying Mt. Gox Sales Already ‘Priced In’
Markets have priced in Mt. Gox’s ongoing repayments and U.S. policies could now start influencing the market, one trading desk said.
Ethereum ICO-Era Stalwart Golem Sent $100M Ether to Exchanges in the Past Month
The protocol was one of the first ICOs on Ethereum, raising $8.6 million worth of ether in 29 minutes and setting the precedent for thousands of other ICOs in the years since.
Bitcoin Traders Target $50K as Billions in BTC Selling Pressure Looms
“The German government still has over $2.3 billion worth of bitcoin, Mt. Gox has more than $8 billion, and the US government has over $12 billion,” one trader pointed out.
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.
Crypto Bulls Rack up $580M Liquidations as Bitcoin Drops 8%, Ether, Solana, Dogecoin Plunge
Traders previously warned of a 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.
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.