Bitcoin miners’ exchange flow reaches 7-month high as BTC price tanks below $21K
Bitcoin mining profitability has dropped by over 75% from the market top and is currently at its lowest since October 2020. Go to Source Powered by WPeMatico
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Crypto exchange Coinbase slashes staff by 18% amid bear market
After initially slowing down hiring, Coinbase announced plans to reduce its headcount by 18%, with the CEO citing a starting economic recession. Go to Source Powered by WPeMatico
El Salvador ‘has not had any losses’ due to Bitcoin price dive, finance minister says
Salvadoran minister Alejandro Zelaya brushed off the media criticism of the nation’s investments in Bitcoin. Go to Source Powered by WPeMatico
Taxes of top concern behind Bitcoin salaries, Exodus CEO says
Cryptocurrency wallet firm Exodus has been paying all its staff fully in Bitcoin since launching its software wallet in 2015, CEO JP Richardson said. Go to Source Powered by WPeMatico
Bitcoin has support at $23K, but analysts warn of a dire drop to $8K as global debt unwinds
BTC’s sell-off is easing slightly, but traders are afraid that negative newsflow and future U.S. interest rate hikes could push the price lower. Go to Source Powered by WPeMatico
Crypto users take to Twitter to lament the ongoing market downturn
What goes up must come down. And then go up again. Then come down again. And on and on and on… Go to Source Powered by WPeMatico
Bitcoin price falls below its ‘realized price’ but is it time to buy the dip?
Another wave of selling hit BTC and sent its price to lows not seen since December 2020. Does on-chain data suggest this dip is worth buying? Go to Source Powered by WPeMatico
How to survive in a bear market? Tips for beginners
Bear markets represent the most dreaded period in any investment cycle, but there are a few ways to stay ahead and weather the storm. Go to Source Powered by WPeMatico
Here’s how blockchains are helping to advance the global energy grid
Governments and environmentalists are quick to criticize the amount of electricity Bitcoin mining uses, but investors’ growing interest in crypto is leading to positive steps in the energy sector. Go to Source Powered by WPeMatico
Bitcoin, altcoins sell-off on record-high inflation, but traders still expect BTC to consolidate
Global financial markets and crypto sold-off after today’s 8.6% CPI print showed inflation remains a persistent challenge. Go to Source Powered by WPeMatico
