Genesis Digital Assets Raises $125M to Expand Bitcoin Mining Business
Digital asset lending firm Genesis Capital has raised $125 million in equity financing to expand its Bitcoin mining business, mainly in North America and Northern Europe.
Long-Term Bitcoin Holders Accumulate Heavily as Daily Active Addresses go Through the Roof
Long-term Bitcoin holders are still confident in the leading cryptocurrency because they accumulated heavily in the recent dip
Bitcoin Rebounds, Despite Bearish Confidence among Institutional Investors
Bitcoin’s price rebounded slightly, which has increased by 24.15% over the past week. However, the institutional sentiment remains bearish.
Bitcoin Funding Rate Flips Positive as 2.1 Million BTC Return to Profitability
BTC funding rate flipped positive based on Bitcoin's upward momentum.
Bitcoin’s Supply Squeeze May Just Start after BTC Surpassed $40K Level
Bitcoin has surpassed above 40K before falling back above the $36.8K level. On-chain analyst Will Clemente believes that BTC’s supply squeeze is just getting started.
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.
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.
Bitcoin Fell Below $30K for the Second Time since mid-May, Low Institutional Demand Could Lead to Further Declines
Bitcoin fell below the $30,000 support level for the first time in four weeks. This time, due to the lack of institutional demand for Bitcoin and the large-scale sell-off of the safe-haven Bitcoin caused by the epidemic, the downward trend may be further exacerbated.