Day: February 7, 2025

Riot Platforms Bucks Trend of Weak January Bitcoin Production Figures

Riot Platforms (RIOT) mined 527 Bitcoin (BTC) in January, marking its highest monthly production since December 2023 and reflecting a 2% increase from the previous month, according to Farside data. However, the broader bitcoin mining sector reported underwhelming production figures, with most major mining firms experiencing month-over-month declines. MARA Holdings (MARA) mined 750 BTC in January, representing a 13% decline from December. Similarly, Cleanspark (CLSK) saw a 6% decrease, mining 626 BTC. Other mining firms also reported negative month-over-month production figures: IREN (IREN): 2% decline Core Scientific (CORZ): 13% decline…

Bitcoin miners in Russia worry about sanctions as government starts collecting wallet addresses

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Russian Bitcoin miners fear exposure to sanctions as the government compiles a registry containing wallet addresses and other sensitive data. Bitcoin (BTC) miners in Russia aren’t thrilled about a new government registry that’s scooping up sensitive data, including crypto wallet addresses, under new rules. If leaked, it could be a “big gift to our geopolitical opponents,” warned Anton Gorelkin, a Russian lawmaker overseeing information policy. The crypto miner registry in Russia has been up and running since November 2024. National’s registry is available through the service on Russia’s Federal Tax…

Bitcoin Will Beat Gold by 2030, Reaching a $1M

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While gold hits a record price at $2,848 per ounce, more and more financial experts and professionals voice their preference for Bitcoin over gold. In a commentary to Livewire Markets, CEO and founder of the Nasdaq-listed tech company IREN Daniel Roberts said Bitcoin needs to reach at least a $900,000 price to reach gold in terms of market cap, and it will by 2030. Roberts’ prediction Daniel Roberts is no stranger to cryptocurrency. His company, IREN, is an Aussie enterprise providing data centers using renewable energy for Bitcoin mining, powering…

Aptos Could See A 95% Rebound, But It Must Hold This Level

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Este artículo también está disponible en español. Following the market’s recent corrections, Aptos (APT) has revisited the lows of its Macro Range, hitting a six-month low at the start of February. According to an analyst, the cryptocurrency’s recovery and ongoing retests of this crucial level could lead to a rebound in the following months. Related Reading Aptos Recovers From 6-Month Low Aptos has recovered 24% from the recent market correction, which sent Bitcoin to $91,000 and most cryptocurrencies to monthly lows. On Sunday, the token briefly nosedived 34% from its…

Bitcoin (BTC) in a Mire, Gold Eyes 6th Straight Weekly Gain as Jobs Data Looms

Bitcoin (BTC) continues to dawdle, failing to capture trader enthusiasm amid chatter about prices being overvalued, while gold remains strong ahead of the release of the U.S. jobs report, which will influence the Fed’s rate plans. Recent analysis from CryptoQuant indicates that bitcoin’s fair value lies between $48,000 and $95,000, highlighting that it appears overvalued at its current market price, which hovers just above $98,000. The analytics firm’s Bitcoin’s Network Activity Index has plummeted 15% from its peak in November to 3,760 points, the lowest level in over a year.…

Bitcoin’s Exchange Reserves Plunge—Are We On The Brink Of A Rebound?

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Bitcoin is experiencing a challenging period, with its price remaining below the $100,000 mark after a significant drop earlier this week. Today, Bitcoin hovers just above $98,000, marking a nearly 10% decline from its all-time high of over $109,000 recorded last month. Interestingly, while BTC’s price has slowed, its exchange reserve has faced the same fate, with data showing a continuous decline from this metric. Does This Suggest An Incoming Rebound For Bitcoin? ShayanBTC, one contributor to the CryptoQuant QuickTae platform, particularly pointed out this trend in a post titled…

Bitcoin ETFs face fresh outflows, Fidelity’s FBTC tops the list

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Spot Bitcoin exchange-traded funds in the United States reverted to outflows on Feb. 6 as Bitcoin continued trading below the crucial $100K level, needed for its next leg higher. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $140.3 million in outflows on Thursday, breaking a two-day streak of inflows that had totaled $407 million. Fidelity’s FBTC led the outflows with $103.25 million in redemptions, followed by Grayscale’s GBTC, which saw $42.21 million withdrawn. Meanwhile, Bitwise’s BITB was the only ETF to record inflows, attracting $5.15 million from…

Russia and Ethiopia Take Steps Away From US Dollar as Dedollarization Grows

Countries are accelerating a shift away from the U.S. dollar in trade, with Russia and Ethiopia deepening currency ties to enhance economic stability and reduce reliance on foreign exchange. Global Shift Away From US Dollar Accelerates—Russia and Ethiopia Deepen Currency Ties Countries worldwide are increasingly shifting away from the U.S. dollar in trade, opting instead […] Source BitcoincryptoexchangeExchanges CryptoX Portal

BNB Price Poised to Rally—If It Can Overcome This Hurdle

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…