Bitcoin miners have run into a paradoxical crisis – the coin itself is expensive, but making money from mining it has become harder than ever. While $BTC holds in the $60,000–$65,000 range, companies’ revenues from processing transactions have unexpectedly collapsed to 2019 levels. This financial dead end has triggered a massive tectonic shift, and miners
Bitcoin is testing a months-long descending resistance line near $64,000-$65,000 after two earlier rejections, putting the next daily close in focus. At the same time, a separate weekly chart outlines a deeper downside scenario toward roughly $52,000-$55,000 before any larger recovery, making support and breakout confirmation the key signals to watch. Bitcoin Tests Descending Trendline
Bitcoin Knots advocate Dathon Ohm has stated that signaling for BIP-110 is expected to begin in approximately 40 hours. BIP-110 is a proposal aimed at reducing the amount of data that can be stored in Bitcoin transactions, specifically targeting non-monetary uses such as Ordinals. What is BIP-110 and Why It Matters BIP-110, short for Bitcoin
Bitcoin price has continued to trade within a narrow range around the $65,000 mark, but on-chain data suggests large investors are quietly accumulating despite cautious retail sentiment. Fresh whale transactions worth over $127 million, coupled with Santiment data showing continued accumulation by key stakeholders, indicate growing confidence among institutional players. As $BTC approaches a major
Bitcoin ($BTC) derivatives trading volumes are now nearly eight times higher than spot markets on Binance. Key points: Bitcoin daily spot trading volumes on Binance are diverging from futures more than ever. Spot demand has declined in recent months, while futures demand is still net positive, per data from CryptoQuant. Options traders are hedging for
Bitcoin climbed back above $65,000 this week, extending an unusual stretch of resilience as the cryptocurrency absorbed a string of developments that would typically pressure prices. The top digital asset rose about 2% over the past 24 hours to as high as $65,212, its strongest level since late July, CryptoSlate data shows. The move coincided
Bitcoin ($BTC) hit new August highs into Friday’s Wall Street open as markets reacted to weaker US jobs numbers. Key points: Crypto and risk assets gained after US nonfarm payrolls fell by 23,000 in July. Fed interest-rate bets for September shift from a 0.25% hike to a pause on signs of a weaker labor market.
Crypto analyst Ali Martinez stated that a macro-level bottom may have formed in the Bitcoin price, noting that three long-term technical indicators are signaling in the same direction. Martinez stated that a TD Sequential buy signal has formed on Bitcoin’s monthly chart. According to the analyst, this rare signal successfully indicated the market bottom in
Blockchain analytics company Glassnode stated that investor sentiment in the Bitcoin (BTC) options market has recently shifted to a more positive outlook, but demand for hedging against long-term downside risks remains high. According to Glassnode’s analysis, indicators reflecting short-term fear in Bitcoin options have seen a significant easing. The one-week 25-delta skew indicator has fallen
US President Donald Trump, known for his support of the cryptocurrency market, made noteworthy statements about the cryptocurrency market and Bitcoin. Trump stated that the US must maintain its leadership in the cryptocurrency sector and should not be allowed to dominate it. In an interview with Punchbowl News, a US media outlet, Trump touched upon