In the last week, multiple miner wallets dormant from the Satoshi era transferred out a significant amount of Bitcoin (BTC). Generally, when miners sell their Bitcoin, especially in a significant proportion, it can induce selling pressure leading to a price drop. However, despite recent miner selling activity, BTC rallied by over 7% hitting a top…
Data shows the Bitcoin Mining Hashrate has plunged almost 10% since the recent all-time high (ATH). Here’s what could be behind this trend. Bitcoin Mining Hashrate Has Seen A Steep Drop Recently The “Mining Hashrate” is an indicator that keeps track of the total amount of computing power that the miners as a whole have…
In the fast-paced world of cryptocurrency, both established players like Solana (SOL) and emerging projects like GoodEgg (GEGG) are vying for the attention of investors. Recently, a prominent Chinese cyber security billionaire known for his investments in Solana (SOL) has turned his focus to the innovative social scoring meme coin, GoodEgg. As Solana faces increased…
Glassnode co-founders Jan Happel and Yann Allemann recently indicated that a Bitcoin crash to $37,000 would be a good thing. They also explained why they wouldn’t be sad about such a massive price decline for the flagship crypto. Bitcoin Dropping To $37,000 Would Be A Steal Happel and Allemann mentioned in an X (formerly Twitter)…
