Core Scientific Inc (NASDAQ:CORZ) is making headlines with its recent announcement of new data center contracts, prompting BTIG to raise its price target for the crypto miner to $15 from $10. These new contracts, including a 200MW high-performance computing (HPC) agreement with CoreWeave and additional 70MW data center contracts, have ignited investor interest and propelled
Crypto
The world of political meme coins has seen a significant surge in volume and value in recent weeks, with former President Donald Trump taking a commanding lead over his rival, Joe Biden. These crypto tokens, known as “PolitiFi” tokens, have a combined market value of approximately $1 billion, with a majority of them being linked
Bitcoin has been experiencing a downward trend recently, with prices falling to the $62,300 band. This sell-off is primarily attributed to crypto mining companies selling off their Bitcoin holdings. As a result of the recent halving event in the Bitcoin network, mining companies have seen their revenues cut in half. This has forced many miners
Bitcoin, the world’s largest cryptocurrency, experienced a significant drop in price on Monday, falling 2.4% to $62,850.7. This decline is part of a larger trend over the past week, driven by concerns over U.S. interest rates and anticipation of key inflation data. The strong performance of the dollar, which reached a two-month high following robust
In a recent post, Ripple CTO David Schwartz provided insight into his personal Bitcoin holding and selling strategies, sparking a discourse on the behavior of early investors in the cryptocurrency space. During Bitcoin’s early days, many early miners and buyers adopted a strategy of liquidating their holdings for real-world expenses. This behavior was further amplified
Bitcoin miners have been actively selling their holdings since the halving event, according to on-chain data. This trend indicates that the amount of selling pressure coming from miners is not decreasing, potentially leading to a scarcity of BTC available for sale. The halving event often triggers a phase of miner capitulation, as it cuts the
Bitcoin (BTC) retail on-chain accounts are showing a strong interest in purchasing the orange coin at current prices, as stated by macro analyst Axel Adler. The metric has experienced a 7% increase in the last few weeks, which Adler considers to be a positive signal amidst the prolonged decline in Bitcoin (BTC) price. Accounts with
The Nervos Network (CKB) has recently been the subject of a groundbreaking analysis by cryptocurrency research firm Messari. This comprehensive overview highlights the pivotal role that Nervos plays in enhancing Bitcoin’s technological framework. By leveraging its innovative Layer-1 blockchain and RGB++ protocol, Nervos addresses critical scalability and programmability challenges within the Bitcoin ecosystem. The report
Bitcoin, the leading cryptocurrency, has recently experienced a significant drop in its price, reaching a one-month low. This decline comes as the year’s impressive rally begins to show signs of slowing down due to the lack of new market drivers. The price of Bitcoin fell to $63,300 during Friday’s trading session, marking its lowest level
Bitcoin, the leading cryptocurrency in the market, has experienced a remarkable price surge in 2023, quadrupling in value since the beginning of the year. This surge resulted in Bitcoin reaching a new all-time high of $73,798 in March. The price increase was primarily driven by the growing demand for U.S. exchange-traded funds, indicating a significant