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.
Crypto industry poised for growth despite low BTC price
Bitcoin struggles to trade above $20K, and market participants await a long-awaited rally to new highs with every passing day. Considering that we haven't seen this yet, are there any positives to keep crypto enthusiasts' spirits high or is everything a negative?
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.