Rewards received by bitcoin miners form a major chunk of the salaries paid across major proof of work (PoW) blockchains, according to Yassine Elmandjra, a cryptocurrency analyst from ARK Invest.
Bitcoin’s bulls are showing signs of exhaustion, having engineered a speedy rally to $8,900.
Crypto perpetuals exchange Blade will be introducing zero-fee trading next month in a bid to gain market share from rivals.
Tuesday’s sharp rise looks to have put bitcoin on path toward the 200-day average at $9,100.
Options on bitcoin futures from Chicago Mercantile Exchange got off to a good start on Monday, seeing trading volume reach 55 contracts in the opening session.
A bitcoin chart indicator is about to turn bearish for the first time since June 2018, but should have little effect on prices.
Bitcoin’s six-month downtrend looks to have ended with last week’s double-digit price gain.
Bitcoin likely carved out a major price bottom in December, according to a non-price metric, which has proved as a reliable price indicator in the past.
Bitcoin has erased 45 percent of recent gains in what appears to be a low-volume pullback.
Bitcoin’s bullish case remains intact with prices holding well above key support near $7,570.
“HODLing” has returned to a major milestone: The total amount of bitcoins that haven’t changed hands in more than a year has crossed the 10 million mark.
Bitcoin looks set to take a page out of gold’s book and confirm a price breakout on the weekly chart.
Bitcoin’s recent gains have led to a bullish chart breakout and brought a key long-term price resistance into play for the first time in over two months.
Bitcoin is drawing bids amid heightened geopolitical uncertainty and could soon rise above key resistance at $7,580, confirming a short-term bullish breakout.
Ether is down significantly from record highs and the majority of its holders are losing money on their investments.
Despite the downtrend in the latter half of 2019, bitcoin is on track to significantly outperform gold and stocks.
Bitcoin logged its biggest daily gain in seven weeks on Wednesday, neutralizing the bearish scenario.
A key metric is hovering at record highs, suggesting investors are likely holding bitcoins even when deep in the red.
Bitcoin risks dropping to seven-month lows below $6,500, having found acceptance under a key long-term price support.
Bitcoin has dropped to three-week lows and risks a deeper slide, but longs are being placed in record numbers on Bitfinex.