Bitcoin

Nevada-based cryptocurrency mining firm Marathon Patent Group has announced the purchase of 10,000 Antminer S-19 Pro ASICs as part of its plan to become the largest mining firm in North America. The publicly traded firm announced the purchase on Oct. 26, revealing plans to command an operational hash rate of 2.56 exahashes per second (EH/s) in July 2021 — equal to 1.9% of the current hashing power of the entire Bitcoin network. Marathon Patent Group’s projected hashing power growth until… Source link

Billionaire rap mogul-turned U.S. presidential hopeful Kanye West has made waves with his controversial bid for the White House. West, who announced he was planning to run for office back in 2015, has built his Birthday Party campaign around his relationship with God and religion—advocating conservative Christian values. Now, appearing on Joe Rogan’s popular podcast, West has said he thinks “geniuses” in the bitcoin and cryptocurrency community “have a perspective” on the “true… Source link

FILE PHOTO: Representations of virtual currency Bitcoin are seen in this picture illustration taken Reuters Bitcoin surged more than 3% on Tuesday as it approached a key resistance level at $14,000. Recent positive developments for the digital cryptocurrency include PayPal allowing its account holders to buy, sell, and transfer bitcoin, as well as Square’s bitcoin purchase worth $50 million. If bitcoin is able to decisively trade above the $14,000 level, the next level of resistance… Source link

The price of Bitcoin (BTC) has surpassed $13,745 and is now en-route to the next major resistance level. Traders have suggested that $13,875 is the nex key short-term area for BTC for two major reasons. First, Bitcoin peaked at $13,970 on Jun. 26, 2019. Technically, the previous peak achieved more than a year ago still serves as an important area for sellers. Second, technical analysts say that the weekly candle chart of Bitcoin shows $13,875 as the next “logical resistance.” The major… Source link

Bitcoin (BTC) price has been showing impressive strength in the previous weeks and today the price made a new 2020 high at $13,666. This momentum was made alongside weakness in the U.S. dollar and many analysts believe that as long as the dollar remains weak, Bitcoin and other safe-haven assets will do well. However, as Bitcoin shows strength, altcoins are failing to follow suit and most altcoins are selling off against BTC. Bitcoin’s dominance rate has been rising in the previous weeks and… Source link

Bitcoin (BTC) hit new highs of $13,480 on Oct. 27 as fresh news that a bank was entering the cryptocurrency space fuelled already bullish markets. Cryptocurrency market daily overview from Coin360 Bank news drives BTC price to $13,480 Data from Cointelegraph Markets, Coin360 and TradingView showed BTC/USD climbing once again during Tuesday trading, adding 2% in just over an hour. The move followed an as yet unconfirmed news that Singapore bank DBS had decided to build a cryptocurrency exchange… Source link

Bitcoin (BTC) might be in the early phase of a major new bull cycle, a key on-chain metric suggests on Oct. 27. The dominant cryptocurrency has entered the “belief zone,” which historically marked the start of explosive rallies. According to Glassnode, the last time the Net Unrealized Profit/Loss (NUPL) reached the belief zone was in June 2019. In the month that followed, Bitcoin rose from around $7,500 to $13,868 by over 80%. The NUPL of Bitcoin on top of its historical daily chart…. Source link

Bitcoin (BTC) may be down less from its all-time highs than any other cryptocurrency, but 2020 has so far been the year of Chainlink (LINK). In the latest edition of its Weekly Insights report on Oct. 26, The TIE noted that Chainlink has outperformed every other cryptocurrency with year-to-date returns of over 600%. Bitcoin down least vs. all-time highs Comparing altcoin performance, the report also highlighted Cardano (ADA) with 224% returns, Ether (ETH) on 217% and Monero (XMR) on 182%. The… Source link

Bitcoin (BTC) stayed above $13,000 on Oct. 27, but one analyst is warning that the largest cryptocurrency is due for a major correction. In a tweet on Tuesday, on-chain analyst Cole Garner forecast that BTC/USD could soon end its bull run and suddenly move lower in a “Hell’s candle” event on the daily chart. Garner to traders: “Watch your ass” Garner eyed Brave New Coin’s Bitcoin’s liquid coin index (BLX), a price calculator designed to assess at which price points liquidity… Source link

Bitcoin’s price fell Monday on larger macroeconomic concerns while lower Ethereum fees benefit hardcore DeFi users. Bitcoin (BTC) trading around $13,011 as of 20:00 UTC (4 p.m. ET). Slipping 0.33% over the previous 24 hours. Bitcoin’s 24-hour range: $12,773-$13,250 BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Bitstamp since Oct. 24.Source: TradingView Bitcoin’s price was riding high Monday, going up to $13,250 on spot exchanges… Source link