In today’s rapidly changing cryptocurrency mining scene, it is essential for miners to identify the most profitable ASICs (Application-Specific Integrated Circuits) to maximize their profits. Cryptocurrency mining may not be as prevalent as it once was, but it remains vital to the industry and continues to generate significant profits for miners. Consequently, identifying the most … Read more
VC Tim Draper predicts $250K per BTC by the end of 2024. Draper cites the changing political scene and halving event, but Arthur Hayes disagrees. Tim Draper, an American venture capitalist investor, believes Bitcoin‘s value will increase by a factor of 3.5 before the year ends. He further anticipates that the cryptocurrency could reach $250,000 … Read more
Approximately 1.5 billion dollars’ worth of Bitcoin (BTC) futures contracts are due to expire on April 12, implying a possible drop in Bitcoin’s price towards $69,000 as a result of the impending expirations and potential market instability. Approximately $1.5 billion in value of Bitcoin options are set to expire with a put-to-call ratio of 0.62. … Read more
PENDLE’s price dropped by more than 5% in the last 24 hours. Technical indicators looked bearish on the token. Over the last month, PENDLE experienced significant growth with its value increasing by over 100%. However, sharp price rises typically trigger selling from investors looking to cash in on their gains. Consequently, market adjustments occur in … Read more
Bitcoin (BTC) could be on the verge of making a well-known type of advance that occurred before its record-breaking prices in 2017 and 2021. On April 12th, Jelle, a well-known cryptocurrency trader, pointed out in a post on X that a significant intersection was imminent on Bitcoin’s Pi Cycle Top chart. Bitcoin Pi Cycle Top … Read more
Approximately 1000 Australian investors have lost over 160 million Australian dollars ($104 million) following the insolvency of three cryptocurrency mining firms, NGS Crypto Pty Ltd, NGS Digital Pty Ltd, and NGS Group Ltd (referred to as “NGS companies” collectively). Based on a report from April 12, the Australian Securities and Investments Commission (ASIC) initiated civil … Read more