Bitcoin (BTC) hovered around its key long-term trendline as the US dollar gained strength, reaching its highest level in six months. The BTC price focused on the $25,700 area, showing less volatility compared to the previous day. Bitcoin market participants remained cautious with predictions of a further decline in price. Traders and analysts identified the … Read more
Bitcoin’s on-chain metric, the Spent Output Profit Ratio (SOPR), suggests that there may be more downside for the cryptocurrency before a rebound occurs. Currently, short-term holders (STH) are selling their coins at a loss, indicating that loss-taking is dominant in the market. The 30-day moving average (MA) Bitcoin SOPR has recently dipped below the support … Read more
The Art of Bitcoin Mining: Essential Tips and Techniques for Success Introduction Bitcoin mining has become a highly lucrative and competitive industry. It involves the process of validating transactions and adding them to the blockchain, thereby securing the network and earning rewards in the form of newly minted bitcoins. To succeed in this field, … Read more
A Beginner’s Guide to Bitcoin Mining In recent years, the world of cryptocurrency has gained significant attention and popularity, thanks to its decentralized nature and potential for enormous profits. One of the most intriguing aspects of cryptocurrency is the process of mining, which helps secure and maintain the blockchain network. If you’re new to the … Read more
The chief technology officer of Tether, Paolo Ardoino, clarified rumors about images of industrial containers online and addressed questions about Tether’s Bitcoin mining operations. He explained that the photo he shared showed a control room at a BTC mining locations in South America, but he declined to disclose the exact location for security reasons. Ardoino … Read more
