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Revealed: What causes Bitcoin’s selling pressure

Revealed: What causes Bitcoin’s selling pressure

Bitcoin ETFs and exchanges now have up to eight times more of an impact than miners, according to a new report.Sell-side pressure from miners is diminishing with each and every halving, a new analysis from Glassnode says.Meanwhile, centralized exchanges and ETF...

Bitstamp to distribute Mt. Gox Bitcoin by July 25

Bitstamp to distribute Mt. Gox Bitcoin by July 25

Following Kraken’s Mt. Gox distribution, Bitstamp has announced readiness to reimburse creditors of the defunct Bitcoin exchange. Crypto exchange Bitstamp confirmed receiving Bitcoin (BTC), Bitcoin Cash (BCH), and Ethereum (ETH) from the Mt. Gox Truste intended to...

ASIC market undergoes ‘significant repricing,’ analysts say

ASIC market undergoes ‘significant repricing,’ analysts say

Following Bitcoin’s April halving, which cut miners’ rewards, many mining models saw “significant drawdowns” in pricing, according to Hashrate Index.The ASIC market is undergoing significant changes as mining rigs are trying to adapt to a post-halving environment,...

Mt. Gox creditors report Bitcoin balances on Kraken

Mt. Gox creditors report Bitcoin balances on Kraken

Kraken has started distributing Bitcoin received from the Mt. Gox Trustee on July 16.Creditors of the defunct Bitcoin (BTC) exchange Mt. Gox reported seeing crypto balances on the Kraken platform, as impacted users saw relief 10 years after a historical hack. The news...

US elections to keep driving crypto volatility: report

US elections to keep driving crypto volatility: report

QCP Capital analysts said U.S. election news will continue to induce crypto market volatility as the presidential result will shape the future of digital assets in America and, perhaps, globally. QCP Capital’s Monday report price movements following the failed...

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