Search results for Bitfinex
Crypto
Bitcoin miners shift to AI as selling pressure plunges
Selling pressure from bitcoin mining firms has weakened sharply, as miners shift power and data-centre resources to AI and high-performance computing, an analysis said. Listed miners’ active hashrate fell by about 56 EH/s in the first half, down 15 percent, compared with a roughly 10 percent drop for the overall network. Investment is large, with capital spending estimated at about $30 billion. Miner outflows have since eased, with CryptoQuant’s MPI falling to -1.2.
Crypto
Tokenised gold demand returns in crypto market
Tokenised gold drew strong demand again in the crypto market in August, as traders increased trading in tokenised gold and gold perpetual futures. Spot gold recently rose to around $4,600 before easing to about $4,480. Tether’s gold-linked token XAUT traded at $4,474.72 on Sept. 4 and continued to lead on-chain activity, with its market value at $3.15 billion and $59 million of inflows that day.
Crypto
Bitcoin holds $78,000 support, analyst says more rally ahead
Bitcoin is holding a key support level after a sharp intraday drop, bolstering expectations for further gains. Crypto trader DonAlt said bitcoin could soon enter its next upward phase as it consolidates around $78,000 after nearing $81,000. The market is watching signs of renewed buying interest below $78,000, despite heightened volatility linked to comments by the U.S. Federal Reserve chair. Institutional buying and large bitcoin transfers also continued.
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Crypto
Bitcoin enters \'indifference phase\' as trading and on-chain activity slump
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Crypto
Bitcoin stalls as volume, volatility shrink; Grayscale says it resembles summer 2023 standstill
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Crypto
Bitcoin stuck despite U.S. inflation cooling, capped by 1.79 million BTC supply wall
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Crypto
Glassnode says speculative traders drive resistance for bitcoin around $60,000
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Crypto
Bitcoin battles around $63,500 level as downside risk grows on fading rebound momentum
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Crypto
US government bitcoin holdings still unclear a year after strategic reserve launch
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Crypto
OKB only token to beat bitcoin returns since 2021 peak, analysis shows
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Crypto
Dogecoin spot net inflows jump 116 percent in August, can rebound signal hold
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Crypto
Ethereum network metrics rebound as fees and staking improve
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Crypto
BlackRock buys $81 million of bitcoin during slump, helping rebound
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Crypto
Binance weekly net outflows triple to $1.23 billion; Ethereum withdrawals highest in three years
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Crypto
Bitcoin long-term holders at record high, K33 says similar to end of bear market phase
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Crypto
Bitcoin faces biggest governance dispute in years as BIP-110 raises chain split fears
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Crypto
480,000 ether leaves exchanges, market focus shifts to $1,500
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Crypto
Bitcoin \'CME gap\' era fades as futures market moves to 24/7 trading