Blogs
January 11, 2025
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Bitcoin Miners Stockpiling Strategy As the market tightens, Bitcoin miners in the United States are reversing their strategy and relying on an old tactic: hoarding their earned coins. The decision was made in response to rising energy prices, fiercer competition, and the fallout from the Bitcoin halving event, which cut miners’ incentives in half and put even more pressure on profitability. Companies such as Mara Holdings, Riot Platforms, and CleanSpark have raised more than $3.7…
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DeFi Platforms Beyond Uniswap (UNI), one of the leading decentralized cryptocurrency exchanges on the Ethereum blockchain, recently experienced a significant 10% price drop. As investors and traders watch closely, they wonder whether this dip signals a potential rebound or a further breakdown below the critical $13 support level. Market Context and Recent Developments The cryptocurrency market has been somewhat volatile recently, influenced by various external factors, including regulatory news, macroeconomic indicators, and shifts in investor…
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Ethereum and Bitcoin ETF inflows On January 6, Ethereum spot ETFs recorded a net inflow of $128.72 million, indicating increased investor confidence in Ethereum ETFs. A substantial $124.11 million was invested by BlackRock’s ETF ETHA, increasing the fund’s net assets to $13.47 billion—equivalent to 3.03% of Ethereum’s market value. Also experiencing remarkable gains are Bitcoin exchange-traded funds, which received $987.06 million in investments on the same day. Topping the list with $370.24 million was the…
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Bitcoin drops below $100K Despite a 5% decline the day before, Bitcoin’s (BTC) price is still hovering around $97,000 on Wednesday. While Bitcoin (BTC) falls 8.3 percent, Ethereum (ETH) falls 6.3 percent, and Ripple (XRP) drops 6.15%. This recent decline has set off a tidal wave of sales, with more than $560 million worth of crypto already sold, according to data from CoinGlass. Bitcoin falls below $100K. On Tuesday, Bitcoin drops below $100K of bitcoin…
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Beginner’s Guide to Investing in Bitcoin The jargon, regulations, and unpredictability of Bitcoin investment could make you feel like you’re entering a whole new universe. A newcomer may feel overwhelmed by the sheer quantity of options, the complicated language, and the quick price changes. No need to be scared off by the prospect of investing in Bitcoin if you follow a simple, step-by-step strategy. It is essential to grasp the nature of Bitcoin before plunging…