3K+ Bit Digital hosting partner's crypto miners go offline after explosion and fire
The company said it will be seeking reimbursement for the lost revenue from mining crypto, with operations at Niagara Falls “hoped to resume within a few weeks.”
The company said it will be seeking reimbursement for the lost revenue from mining crypto, with operations at Niagara Falls “hoped to resume within a few weeks.”
hopium injection incoming… I've had the pleasure of witnessing first hand every bull and bear cycle, and every bear market has saw me buying that beautiful DIP. I had people telling me the bubble had burst in 2013 my response buy that dip. https://preview.redd.it/c73d25szho091.png?width=1537&format=png&auto=webp&s=db768f093e784733f436f1b035121e305ba069f1 I buy these dips because i believe in the…
Read more
Seriously. A lot if not all the crypto people I interact with online tend to have this… smugness to them even if they don't expres it outwardly irl, mostly online. Like the space itself, and being a part of it, makes them like that, and it's kind of sad. Because it's really not hard to…
Read more
Declining demand for Tether and negative futures premiums for altcoins reflect a growing disinterest from crypto investors.
Cryptocurrency has always received a lot of criticism due to its large carbon footprint and harmful environmental impact, with market leaders Bitcoin and Ethereum consuming the same amount of energy as a medium-sized country. But the awareness has been significant, thus leading to more & more currency creators coming out with currencies that won’t be…
Read more
On-chain data shows the Bitcoin NUPL metric has now declined to lows not seen since the COVID-19 crash back in 2020. Bitcoin Net Unrealized Profit And Loss Plunged Down Recently As explained by an analyst in a CryptoQuant post, the NUPL past trend may suggest that current values could be favorable for a rebound in the crypto’s price. The “net unrealized profit and loss,” or NUPL in brief, is an indicator that’s defined as the difference between the current Bitcoin market cap and its realized cap, divided by the market cap. The “realized cap” checks what price each coin on the chain was last moved at, and using these prices it calculates the crypto’s capitalization (while the normal market cap takes the sum of all coins’ value at the current price). What this metric tells us is whether the BTC market participants as a whole are holding a profit or a loss at the moment. When the value of the ratio is above zero, it means the overall market is in profit currently. On the other hand, values less than zero imply holders are carrying a loss right now. Related Reading | Bitcoin Selling Pressure Continues As Long-Term Holder SOPR Spikes Up Naturally, the metric being exactly equal to zero suggests the investors as a whole are just breaking even currently. Now, here is a chart that shows the trend in the Bitcoin NUPL metric over the last few years: It seems like the value of the metric has touched into the green zone recently | Source: CryptoQuant As you can see in the above graph, the quant has marked the different zones of the Bitcoin NUPL indicator with different colors. It looks like the ratio has observed some decline recently, and its value has now plunged down into the “green” zone for the first time since the COVID-19 crash. Related Reading | More Stress For El Salvador As Bitcoin Dips To $29,000 In the history of the crypto, there have been multiple instances where shortly after the indicator has touched into this zone, the price has seen an upwards turn. However, there is also the example of 2018, where the Bitcoin NUPL kept moving sideways in the green zone for a long while, until finally the value of the coin observed a sharp plummet, taking the market into loss. It now remains to be seen whether this time the crypto will follow the pattern of a rebound, or if it will show a trend similar to that in 2018. BTC Price At the time of writing, Bitcoin’s price floats around $30.2k, down 1% in the past week. Looks like the price of the crypto has been moving sideways around $30k recently | Source: BTCUSD on TradingView Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com
I do not mind being in a Bear Market even a little. Hell, you could even say I have been waiting for one. I am still young, barely have any monthly expenses. I can invest basically all my money into crypto (don’t worry, I do not) and if all crypto goes to 0, I won’t…
Read more
Hacktivist collective Anonymous has allegedly breached the systems of one of the largest financial institutions in Russia, Sberbank. The attackers announced on social media they have published thousands of emails, phone numbers, and addresses. Anonymous Hackers Reportedly Gain Access to Sberbank Database Decentralized hacking group Anonymous claims to have hacked Sberbank. A Twitter account associated […]
BTC and altcoins produced the occasional relief rally, but technical analysis suggests that the prevailing trend will remain bearish for some time to come.
submitted by /u/Yoshie5 [link] [comments]