Many Bitcoin users consider whether it is better to mine or buy Bitcoin directly. However, the cost and rigor of running ASIC miners, regulatory uncertainty, and the lack of technical expertise often deter people from mining. While mining can provide full autonomy over operations and diversification of crypto investments via physical hardware, it is a
Analysis
Curve DAO’s governance token CRV dropped 12% on June 15 after reports surfaced of its founder, Michael Egorov, taking risky loans on Aave. According to LookOnChain, Egorov deposited 431 million CRV, worth around $246 million, across multiple decentralized lending protocols and borrowed $101.5 million of stablecoins on multiple platforms. The deposits by Egorov account for
Despite the consistent downturn of the Arbitrum governance token ARB since its airdrop in March, its ecosystem shows healthy growth. A recent report by Nansen reveals that the activity on Arbitrum improved after the airdrop, stabilizing at a higher level than before. The daily active users, gas fees, and transaction count have maintained higher levels
Bitcoin (BTC) is moving towards a vital area following the Wall Street open on June 16 as the recovery from three-month lows continues. The data from Cointelegraph Markets Pro and TradingView showed BTC/USD nearing $26,000 on Bitstamp. The BTC price built on an overnight rebound from its lowest levels since early March amid ongoing regulatory
On June 13th, Bitcoin (BTC) returned above $26,000 as it tried to reclaim support after the daily close. Despite ongoing legal action in the United States and macroeconomic data releases, Bitcoin remained in a narrow range throughout the week. Traders, including Crypto Tony, warned of the potential risks of deep trades while noting the upside
On June 12, Bitcoin (BTC) remained stable despite a brief macroeconomic data jolt, with the cryptocurrency circling around $26,000 and avoiding significant volatility. The latest United States Consumer Price Index (CPI) print came in lower than expected, causing a brief spike towards $26,500. While this was seen as a boon to risk assets, crypto markets
Bitcoin’s price has remained steady within a narrow 3.4% range for the past three days after defending the $25,500 support on June 10. However, investors’ attention has shifted to the macroeconomic area as the United States Federal Reserve is set to announce its interest rate decision on June 14. Despite cryptocurrencies’ independence from traditional finance
Bitcoin’s dominance in the cryptocurrency market has increased to almost 50% following the recent altcoin market slump. The Bitcoin Dominance Index (BTC.D), which tracks Bitcoin’s weight against other cryptocurrencies, reached 49.29% on June 13, slightly down from its two-year peak of 49.66% earlier in the week. The surge in Bitcoin’s dominance follows the United States’
The total market capitalization of cryptocurrencies has been in a downward trend for the past eight weeks, reaching its lowest level in over two months at $1.06 trillion. The decline was mainly driven by several altcoins that plunged over 15%, including BNB, Cardano, Solana, Polygon, and Polkadot. This article explores the current market situation and
On-chain data shows that Bitcoin miners are offloading their holdings, with miners sending a significant amount of coins to exchanges. This trend could be due to reduced earnings from a cooldown in Ordinals activity and the mining difficulty and hash rate reaching an all-time high. Glassnode, an on-chain analytics firm, reported that Bitcoin miners’ inflows