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US Becomes the New Bitcoin Mining King Following China Crackdown

According to the Cambridge Centre for Alternative Finance (CCAF), the U.S. has become the world’s leader in bitcoin mining following China’s renewed crypto industry crackdown, accounting for 35.4% of the global hashrate as of the end of August, more than doubling from 16.8% at the end of April.

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Bitcoin Miner Profits Recover

New data on bitcoin mining profitability reveals the Antminer S9 and S19 mining machines have been following the price of bitcoin up in recent weeks. Arcane Research said the increasing bitcoin price coupled with a stagnating hashrate, or blockchain computational power, has made 2021 a lucrative year for bitcoin miners. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Bitcoin Facing Impending Bull Cross

Bitcoin is in retreat despite a pickup in blockchain activity and a long-term technical indicator that is about to turn bullish. The 100- and 200-day moving averages (MA) look to be on track to print a bullish crossover in the next few days for the first time in 16 months.

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Toroso Investments CIO: BTC to Reach $100K by Year's End

Michael Venuto, chief investment officer at Toroso Investments, discusses his assessment of bitcoin as the cryptocurrency experiences a pullback, explaining why he maintains his bullish outlook bitcoin could reach $100,000 by the end of the year. ​Plus, reactions to JPMorgan Chase CEO Jamie Dimon bashing bitcoin again and calling it "worthless.

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The ESG Debate of Bitcoin Mining

Justin Podhola, CEO of Elite Mining, provides insights into the great bitcoin energy debate and its impact on environmental, social and corporate governance (ESG) investing. Plus, how Elite Mining is pursuing sustainable mining solutions.

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Crypto Funds Double Weekly Inflows to $226M

Crypto-focused funds took in more than double the amount of new money last week than the prior week as bullish sentiment returned to the bitcoin market. Digital asset investment products saw a total of $226 million in inflows during the week ended last Friday, up from $90 million the week before.

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GSR USA CEO: Bitcoin Will Be Back at $65K

Trey Griggs, CEO of GSR USA, discusses his bullish forecast for bitcoin, citing the value of the Bitcoin network, a pending bitcoin ETF approval, increase in transaction activity and in-person meetings. Plus, his take on the U.S. crypto regulatory landscape.

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What to Watch in Bitcoin This Week

Bitcoin’s price continues to rise, up more than 4% on the day. Patrick Heusser, head of trading at Crypto Finance AG, discusses his crypto markets analysis and outlook, explaining what he sees as drivers for positive or bullish sentiment around bitcoin.

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Bitcoin Technical Indicators Looking Bullish; Next Resistance Level is $65K

The price of bitcoin and Bitcoin's network effects have recovered from the latest China crackdowns, according to Managing Editor for Tech Christie Harkin and Managing Editor for Markets Brad Keoun. The largest cryptocurrency by market capitalization has also decoupled from the stock markets. Technical indicators are looking bullish, says Keoun. Analysts are predicting $65,000 as bitcoin's next target.

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Bitcoin Reclaims $1T Market Valuation

Nick Mancini, senior research analyst at Trade the Chain, discusses what he thinks are the catalysts behind bitcoin’s price rally, which has pushed its market capitalization back above $1 trillion, a level not seen since May.

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