Crypto Currency

Bitcoin’s Soaring Energy Demand Sparks Regulatory Challenges

The energy footprint of Bitcoin mining is off the charts. The already gargantuan energy consumption of the process to mint new coins of the cryptocurrency more-than doubled over the course of 2023 on the back of strong prices. The United States, one of the world’s biggest hubs for cryptocurrency mining…

Published 2 years ago in
Bitcoin’s Soaring Energy Demand Sparks Regulatory Challenges

The energy footprint of Bitcoin mining is off the charts. The already gargantuan energy consumption of the process to mint new coins of the cryptocurrency more-than doubled over the course of 2023 on the back of strong prices. The United States, one of the world’s biggest hubs for cryptocurrency mining…
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Crypto Currency

Bitcoin’s ‘calm top’ challenges most market bottom estimates: Research

New data from Galaxy Research suggests that Bitcoin’s floor price may not drop as low as previous bear markets, but the bottom-finding process is still playing out…

Published 44 minutes ago in

New data from Galaxy Research suggests that Bitcoin’s floor price may not drop as low as previous bear markets, but the bottom-finding process is still playing out…
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Crypto Currency

Bitcoin Eyes New Upside as Gold Rally Cools and Historical Rotation Pattern Returns

TLDR: Gold is stabilizing near record levels, renewing discussion about capital rotation into Bitcoin markets. Historical cycles show Bitcoin rallies often followed periods when gold reached new all-time highs. Bitcoin trades near $63,962 as investors assess whether another rotation phase is developing. Traders remain focused on macro conditions that could support or challenge the gold-to-Bitcoin

Published 44 minutes ago in
Bitcoin Eyes New Upside as Gold Rally Cools and Historical Rotation Pattern Returns

TLDR: Gold is stabilizing near record levels, renewing discussion about capital rotation into Bitcoin markets. Historical cycles show Bitcoin rallies often followed periods when gold reached new all-time highs. Bitcoin trades near $63,962 as investors assess whether another rotation phase is developing. Traders remain focused on macro conditions that could support or challenge the gold-to-Bitcoin […]
The post Bitcoin Eyes New Upside as Gold Rally Cools and Historical Rotation Pattern Returns appeared first on Blockonomi…
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Crypto Currency

Bitcoin rally to $70K builds as orderbook structure highlights traders’ confidence

A positive bid-ask readings and a bullish RSI divergence support Bitcoin’s recovery, with $70,000 emerging as a key target…

Published 44 minutes ago in

A positive bid-ask readings and a bullish RSI divergence support Bitcoin’s recovery, with $70,000 emerging as a key target…
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Crypto Currency

Aave Proposal Moves To Add Circle Wrapped Bitcoin As Collateral

Aave Labs has proposed onboarding Circle Wrapped Bitcoin to Aave V3 and V4 Core on Ethereum, but the listing still needs governance approval…

Published 44 minutes ago in
Aave Proposal Moves To Add Circle Wrapped Bitcoin As Collateral

Aave Labs has proposed onboarding Circle Wrapped Bitcoin to Aave V3 and V4 Core on Ethereum, but the listing still needs governance approval…
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