This report reviews the first quarter of 2024 and incorporates data from April and the first week of May to show the direct impact of the halving on network data, hashrate prices, mining machine prices, Bitcoin mining stocks and other aspects of the mining industry.
JinseFinanceBitcoin faces short-term correction risks as sell pressure from short-term holders and a holiday-induced illiquid market persist. Analysts, including Bitfinex's Jag Kooner, highlight the potential for a pullback above $44,000, emphasizing the role of profit-taking by medium-term holders. Despite a prolonged streak of bitcoin profitability, historical market behavior suggests pullbacks before a projected $3.2 trillion high by 2024. The current valuation parallels past trends, indicating a potential pullback after reaching the $44,000-$45,000 zone.
SanyaOn-chain data shows the 30-day moving average of the Bitcoin mining hashrate is close to setting a new all-time high.
BitcoinistBitcoin on-chain activity has been swinging between green and red for a while. This time around, though, after the price ...
BitcoinistData shows the Bitcoin mining hashrate has been moving sideways since five months now as the miners' revenues remain low. ...
BitcoinistData shows the latest downwards adjustment in the Bitcoin mining difficulty has lead to the hashrate observing a bounce back ...
BitcoinistData shows the recent Bitcoin hashrate downtrend has lead to the largest negative adjustment in the mining difficulty during the ...
BitcoinistData shows amid the panic of the crypto crash, the Bitcoin mining hashrate has gone flying to a new all-time ...
BitcoinistData shows the Bitcoin mining hashrate has observed a fall during the month of May as miner revenues continue to ...
BitcoinistLong-term holders are in command amid a lack of speculators — and they’re showing little interest in selling.
Cointelegraph