Is Bitcoin Dead? Here Is What The Fundamentals Are Showing

Is Bitcoin Dead?  Here Is What The Fundamentals Are Showing

The price of Bitcoin BTC is down 55.55% year-to-date and that has led to the speculation that it is dead and its price will never recover. In the past year, it has fluctuated between a high of $68,789 and a low of $17,708, supporting its extreme volatility and giving Bitcoin critics ample evidence to support … Read more

Is Bitcoin Dead? Here Is What The Fundamentals Are Showing

The price of Bitcoin BTC is down 55.55% year-to-date and that has led to the speculation that it is dead and its price will never recover. In the past year, it has fluctuated between a high of $68,789 and a low of $17,708, supporting its extreme volatility and giving Bitcoin critics ample evidence to support … Read more

Is Bitcoin Hash Rate Too High?

Miners provide the last line of defense for securing the Bitcoin network against brute-force attacks from malicious actors who might accumulate a majority of SHA-256 hash rate. The more hashing power is spent discovering new blocks for the longest Bitcoin chain, the more secure the funds on the trillion-dollar network will be. Despite a significantly … Read more

Don’t Trust Bitcoin Mining Data From China

China has “re-emerged” as a major bitcoin mining hub in 2022, representing more than 20% of the Bitcoin network’s hash rate, according to new data from Cambridge’s Center for Alternative Finance (CCAF). The October 2021 data update from CCAF indicated that “mining operations in mainland China have effectively dropped to zero.” So, what caused this … Read more

Don’t Trust Bitcoin Mining Data From China

China has “re-emerged” as a major bitcoin mining hub in 2022, representing more than 20% of the Bitcoin network’s hash rate, according to new data from Cambridge’s Center for Alternative Finance (CCAF). The October 2021 data update from CCAF indicated that “mining operations in mainland China have effectively dropped to zero.” So, what caused this … Read more

Market Mayhem and Calling the Bitcoin Price Bottom

Watch This Video On YouTube or Rumble Listen To The Episode Here: In this episode of the “Fed Watch” podcast, Christian Keroles and I, along with the livestream crew, discuss macro developments relevant to bitcoin. Topics include the recent 50 bps rate hike from the Fed, a consumer price index (CPI) preview — the episode … Read more

Record Bitcoin Mining Despite Bear Market

Bitcoin may be in a bearish market, but the mining industry is growing bigger than ever. Bitcoin mining difficulty set a new record high for the sixth time this year on Tuesday, reaching 31.25 trillion, according to mining data from Brains. The 4.89% adjustment was the third-largest increase this year. Even though the leading cryptocurrency’s … Read more