As an experienced analyst, I see Marathon Digital’s announcement of increasing its 2024 hash rate target from 35-37 EH/s to 50 EH/s as a significant development in the Bitcoin mining industry. Marathon’s CEO Fred Thiel’s confidence in achieving this target without raising additional capital is noteworthy, given their recent acquisitions of substantial mining capacity. As … Read more
Ethereum’s Supply on Exchanges increased in the last few days. ETH was down by over 2%, and indicators looked bearish. As a researcher with extensive experience in the crypto market, I’ve closely monitored Ethereum’s [ETH] recent price action and exchange flows. Over the last week, we observed a significant Ethereum outflow from exchanges as investors … Read more
As an observer with some experience in the crypto world, I find the sale of the “epic sat” to be an intriguing event that highlights the unique aspects of Bitcoin and its community. The epic sat, being the first satoshi mined in a new Bitcoin halving block, is a rare and collectible piece within the … Read more
BTC’s key on-chain metric hinted at price volatility. However, technical indicators on a price chart refuted that claim. As an observer with a background in finance and cryptocurrency analysis, I find the current state of Bitcoin’s [BTC] market intriguing. Based on CryptoQuant’s data, we see that spent outputs for short-term investors have spiked, which could … Read more
Solana has a long-term bullish market structure. The resistance overhead could be retested once again based on the findings from the liquidation heatmap. As an observer with a background in cryptocurrency analysis, I find Solana’s current market structure intriguing. While its long-term bullish trend is evident from its consistent uptime and increasing revenue, the near-term … Read more
As an observer with some experience in the crypto market, I find it fascinating to see how memecoins within the Solana ecosystem are bucking the trend of corrections that have affected other parts of the market in April. While nearly every corner of the crypto market has experienced some form of correction, memecoins on Solana … Read more