BEAR MARKET
Bitcoin BTC Bears Target $50K Flush Before Recovery Can Begin
Multiple analysts warn Bitcoin could drop to $50,000 despite recent rally to $75K, citing bearish patterns and incomplete capitulation.
BTC On-Chain Data Signals Bear Market Conditions Despite $70K Push
Glassnode analysis shows Bitcoin's supply in profit at 57%, matching early 2022 and 2018 bear market levels. Options flow rotating toward $75K calls.
BTC Slides to $72K as On-Chain Data Confirms Bear Market Structure
Glassnode analysis reveals BTC's MVRV Z-Score at lowest since Oct 2022, with $1.26B daily realized losses and ETF outflows signaling deeper correction ahead.
Bitcoin Mining Difficulty Spikes 13.55%, Reaches New ATH of 35.6 Trillion Hashes
Mining difficulty has reached a new all-time record, indicating that more miners are participating in the network.
Opinion: How Bitcoin Options Might Help Survival amid the Bear Market?
As inflation is at an all-time high, options contracts could be a good way to hedge some risks to trade an asset in the future at a predetermined price.
Bitcoin Miner Core Scientific Secures $100m Financing amid Bear Market
Core Scientific plans to use the financing to boost its liquidity. Many mining companies face an uphill struggle in the crypto bear market.
Blockchain.com Slashes 25% Workforce amid Crypto Meltdown
Massive layoffs continue engulfing the crypto market. Blockchain.com took the latest actions by reducing its workforce by 25%.
Greenidge Generation’s Bitcoin Mining Production Rose 18% in June
Greenidge produced 230 Bitcoins in June, an increase of 18% compared to production seen in May. The company also has ordered additional 200 mining machines to be on delivery to increase its mining ability.
KuCoin Refutes Job Cut Rumours, Disclosing to Hire amid Crypto Winter
KuCoin has denied claims of planning to lay off. The exchange, on the contrary, discloses it is planning to hire more staff to join.
Bitcoin Still Needs Time to Form a Resilient Bottom, Glassnode Suggests
A report from Glassnode suggests the Bitcoin (BTC) market still has not touched the bottom, despite capitulation happening.
Crypto Market Resurgence: Is the Crypto Winter Finally Over?
While investors might be optimistic about the recent bullish trend, a major question then surfaces: Does this recovery imply a return to the bullish green days?
Bitoasis Layoffs 5% Workforce as Bear Market Concern Grows
Bitoasis is the latest company to acknowledge the effects of the current crypto bear markets that have triggered much bigger layoffs in major crypto firms.
CleanSpark Orders Purchases of New Bitcoin Mining Rigs to Survive Bear Market
Despite the current crypto bear market, CleanSpark is trying to become one of the experienced miners to capture the bulk of the market share.
Bitcoin Enters the Deepest Phase of the Current Bear Cycle as Price Slips to an 18-Month Low
After briefly slipping to the $21K zone, Bitcoin (BTC) continues to trade at levels last seen in December 2020. Glassnode believes BTC is entering the deepest part of the present bear cycle, given that even long-term holders are experiencing losses.