ANALYSIS
Bitcoin’s Hashrate Rebounding after Engaging a 50% Drop
Bitcoin’s hashrate seems to be on an upward trajectory after nosediving by 50% amid an intensified crackdown on crypto mining by Chinese authorities.
Ethereum Outflows from Exchanges Continue Increasing Amid a Roaming Supply Squeeze
A holding tendency continues to be illustrated in the Ethereum network based on ETH outflows from crypto exchanges.
BTC Leaps Over 12% to Six-week High, Analysts Predicts Individual Trades Could Influence on the Bitcoin Market
Bitcoin leaps over 12% to a six-week high on Monday morning in the Hong Kong section, rebounding to $38,643.13 in the past 24 hours. Prior to the latest surge, on-chain metrics provider Santiment believes that individual trades will significantly impact the BTC market based on low daily trading volume.
Ethereum is Expected to Undergo a 90% Daily Emission Reduction Following ETH 2.0 Upgrade
Market analyst Lark Davis believes that Ethereum 2.0 upgrade will prompt a 90% daily emission reduction from 12,800 to 1,280.
Bitcoin is Moving to Strong Hands as Small Holders are Proving to be a Rising Force
On-chain analyst Will Clemente believes that Bitcoin is moving to strong hands given that its supply shock is at levels witnessed at the $50-$60K range.
Bitcoin Needs to Create a Higher-Low at $31K for an Upward Trend, says Market Analyst
Market analyst Michael van de Poppe believes that Bitcoin should create a higher low at $31k for an upward trend to be ignited as its consolidation continues.
Bitcoin Bulls Might Trigger a Short-Squeeze Based on the $3K Intraday Gain
Bitcoin's $3K intraday gain has created a great setup for a short-squeeze by the bulls.
6.2 Million Bitcoins are Being Held at a Loss, Representing 33% of BTC Supply
Ever since Bitcoin (BTC) nosedived from an all-time high (ATH) price of $64.8K recorded in mid-April, 6.2 million coins are being held at a loss, representing 33% of supply.
Almost $98 Billion Evaporated in the Crypto Space Triggered by a Big Sell-Off in the Global Stock Market
About $98 billion has been evaporated in the crypto market as Bitcoin sinks below $30K for the second time since mid-May.
Bitcoin Mining Geographical Distribution Shifts as U.S. Becoming the Biggest Beneficiary
BTC mining is becoming more geographically distributed after China's clampdown on Bitcoin mining recently.
