Bitcoin’s price stands at $83,864 to $84,135 over the last 60 minutes, with a market capitalization standing firm at $1.67 trillion and a 24-hour trading volume of $92.60 billion. Within the day, bitcoin maneuvered between $81,050 and $85,428, flirting with volatility while signaling technical distress across nearly every time frame. Bitcoin Chart Outlook From the […] Original
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Key Notes According to Mert Mumtaz, a co-founder and CEO of Helius, the Solana inflation reduction proposal has gone live. The proposal aims to accelerate the existing Solana disinflation rate by 2x, from -15% to -30%. Analysts expect the Solana ETF to trigger price growth amid the latest market rout. Mert Mumtaz, a co-founder and CEO of Helius, announced on X that the Solana (SOL) inflation reduction proposal has gone live. He believes strongly that this proposal, dubbed SIMD-0411, has the capacity to permanently change the outlook of the Layer-1…
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The cryptocurrency market has been under severe bearish pressure in the past week, with the price of Bitcoin falling below this year’s opening price. At the same time, other large-cap assets have struggled, registering double-digit losses over the past few days. In recent months, conversations have swirled around the death of the typical four-year cycle and a shift in the Bitcoin market structure, with the spot exchange-traded funds (ETFs) providing fresh, consistent liquidity. However, the latest on-chain data shows that BTC ETF investors could be under pressure in the coming…
A solo Bitcoin miner hit the jackpot on Friday, earning 3.146 BTC, worth roughly $266,000, after solving block 924,569 with only a tiny fraction of the computational power typically needed to win a block reward. The miner, who is believed to be operating a hobby-grade machine, struck gold with a hash rate of roughly 1.2 terahashes per second (TH/s), which is a speck of dust in an industry dominated by industrial-scale operations producing exahashes (one quintillion hashes per second). CKpool creator Con Kolivas announced the win on X, congratulating the…
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Robert Kiyosaki has moved a chunk of his Bitcoin into businesses that pay him now. Reports have disclosed he sold roughly $2.25 million worth of Bitcoin, cashing out after years of saying he was bullish on the cryptocurrency. Related Reading He did not say he was exiting crypto; instead, he described the shift as turning paper gains into steady income. Taking Profits For Cash Flow According to his post on X, Kiyosaki said he first bought the coins when Bitcoin traded around $6,000. He sold the recent batch at about…
Bitmain Technologies is reportedly under a federal investigation, dubbed Operation Red Sunset, to determine whether its devices pose a threat to U.S. national security. Federal Probe and Scope of Investigation Bitmain Technologies Ltd., the Chinese manufacturer that supplies most of the world’s Bitcoin-mining machines, has been the subject of a months-long federal investigation into whether […] Original
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