Bitcoin mining and Spot ETFs the driving forces! In our Weekly Market Update we look into the major movements in the digital asset market space over the past week. ⛏️ Bitcoin mining continues in the spotlight: Bitcoin’s mining difficulty fell by more than 5% to a quarterly low of 79.50 terahashes (79.5T) on July 5, sparking speculation around the profitability of mining. 📈 Spot Bitcoin ETFs enjoy inflows: After a period of sustained outflows, a recent trend reversal saw Bitcoin ETFs start to experience net inflows again with a surge on July 6. Experts and analysts see opportunity in the current market conditions. 💳 Mt. Gox begins debt repayments: The former BTC exchange has started repaying its debts in Bitcoin and Bitcoin Cash. Go deeper on the above topics and more here ➡️ https://lnkd.in/eDTsCY55 #WeeklyMarket #GlobalMarketIndices #Update #FinancialMarkets #Finance
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ETFs buy & buy & buy Bitcoin - prices rise & rise & rise Want to buy your Bitcoin at a high price on an exchange or via an ETF? Blackrock has half a million Bitcoin in their ETF - your wallet is empty? You can try to beat the market by playing the very expensive game of supply and demand on an exchange or ETF, or you can just mine your Bitcoin! Bitcoin is rising fast and mining opportunities are slipping away. This may be your last chance to enter the mining market at an unbeatable cost. As a market-leading full-service provider from Europe, the Bitkern Group offers everything you need as a miner: TOP hardware & BEST hosting conditions & TOP mining experts in consulting, service and support. ✅ Hosting prices from $0.049/kWh ✅ Premium miner hardware bundles with best ROI ✅ Fast deployment - online in 24 hours What are you waiting for? I am here to answer your questions or simply book your free initial consultation. Best regards Matthias #bitcoin #mining
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As a consequence of the spike in #bitcoin transaction fees last week, hashprice jumped up to $88/PH/Day. Unfortunately, this surge was short-lived, and hashprice came down again. It is interesting to note that the bottom of hashprice is slowly rising. After hitting a record low of $45/PH/Day on April 30th, hashprice has been trending upwards. This is due to the upward #BTC price action combined with minor changes in difficulty. Check out our latest mining economics rundown! We dive into Bitcoin price, ETF flows, network hashrate, difficulty adjustments, transaction fees and more: https://lnkd.in/d7utSRHZ Digital Mining Solutions #bitcoinnews #bitcoinmining
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The long-term holder (LTH) supply chart displays the total circulating Bitcoin supply held by long-term holders, defined as addresses that have held Bitcoin for 155 days or more. On January 1st, the total LTH supply was 16,284,373 BTC. Throughout H1 2024, there was a significant decline in the LTH supply, with the lowest point reached at the end of May at 14,730,949 BTC, representing a 9.5% decline. However, this trend reversed in Q3. In August and September, the LTH supply increased again, suggesting that more Bitcoin is being accumulated and held by investors confident in the asset’s future price appreciation. These holders, who have kept their Bitcoin for at least 155 days, are less likely to sell in the short term, signalling a reduced likelihood of significant sell pressure in the market. Get your State of the Bitcoin Mining Market Q3 Review TODAY! https://lnkd.in/ej8rUUPx Thanks to NiceHash & Sazmining
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Bitcoin vs. Bitcoin Mining Stocks vs. WGMI in H1 2024 I’ve created a hypothetical "Bitcoin Mining Stock Index" by analyzing 19 #Bitcoinmining companies listed on US #stock exchanges (NASDAQ and NYSE), weighted according to their free float values (method details in the article). Key Findings: 🖇 Strong Correlation: Bitcoin mining stocks closely follow Bitcoin's price, making them a reliable proxy for Bitcoin #investment. 📊 Underperformance: Both Bitcoin mining stocks and the Bitcoin mining ETF (#WGMI) lagged behind #Bitcoin, primarily due to market uncertainties leading up to the Bitcoin halving event. 😎 Market Confidence: As miners expand operations and increase their hash rate & efficiency, market confidence is returning. 📈 Growth Potential: If historical trends repeat, Bitcoin mining stocks could potentially offer higher returns during bull markets, though this involves speculative risk. What are your thoughts on this trend? 🤔 https://lnkd.in/gmmK7PJZ
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The 2-Year MA Multiplier is a #Bitcoin chart designed as a long-term investment tool, helping investors identify optimal times to buy or sell Bitcoin for maximum returns. The chart features the 2-year moving average (MA) line, along with a multiple of this line— 2yr MA x5. Historically, when Bitcoin’s price nears the 2yr MA x5 (red line), it has often signalled a profitable time to consider selling. Looking at this chart, it can be concluded that Bitcoin is still in neutral territory. The 2yr MA x5 is currently at $209,000. Check out how current bullish price action is impacting mining economics in Digital Mining Solutions latest publication: https://lnkd.in/dBnPYv7D latest publication:
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#Bitcoin Halving is complete🎉 #BTC halvings occur every four years, designed to control inflation & highlight Bitcoin's scarcity as the total supply limit of 21 million ends in the year 2140. Currently there are ~19.6 million in circulation. Historical Bitcoin Halvings with price (CAD): 1️⃣st Halving (2012): Decreased from 50 BTC to 25 BTC, price at the time $12. 2️⃣nd Halving (2016): Reduced to 12.5 BTC, price at the time $850. 3️⃣rd Halving (2020): Reduced to 6.25 BTC, price at the time $12,000. 4️⃣th Halving (Today): Reduced to 3.125 $BTC, current price $88,000 CAD. Effect on Supply: The Halving adjusts the rate at which new coins are mined, ensuring alignment with Bitcoin's fixed total supply of 21,000,000 coins. Mining Adjustments: The decrease in mining rewards encourages miners to enhance operational efficiencies, potentially spurring innovations in mining technology. #BitcoinHalving2024 #BitcoinHalvingCarnival
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🚀 The bullish #bitcoin price rally pushed hashprice above $50/PH/day again. Currently hashprice is at $56/PH/day, a level last seen five months ago. Hashprice is up almost 50% from the record lows of $38/PH/day marked early September. If transaction fees remain flat, BTC would need to reach approximately $95,000 for hashprice to climb back to $60/PH/day at the current difficulty level. If you would like to get more insights into current market conditions and how #BTC price action is affecting mining economics? Make sure to check out Digital Mining Solutions latest Bitcoin Mining Block Post: https://lnkd.in/dBnPYv7D Brought to you by our sponsors NiceHash and Sazmining 🤝
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Over the past week, we saw Bitcoin retrace 15% after reaching an all-time high. Bitcoin ETFs also surpassed gold ETFs in total assets under management, while a record amount of hashrate was added. Bitcoin price fluctuations caused a record single-day outflow for Bitcoin ETFs and pushed hashprice back below its key threshold. Amid these developments, a car service company became one of the largest public Bitcoin miners, and American oil company Halliburton, together with 360 Mining, transforms stranded gas into hashpower. Read full article here: https://lnkd.in/dPPrKXhD Thanks to Sazmining MeasureX NiceHash
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#OSLInsights 🏛️ 💻 🌐 #DigitalAssets Update: #Dogwifhat's Bullish Prediction, #XRP's Struggle, Cipher Mining's Growth, Bitcoin's Record High Potential, and #Ethereum's ETF Boost 🚀🔐 🔹 Digital assets strategist forecasts over 400% increase for meme-inspired coin Dogwifhat ($WIF), targeting $11 amidst a volatile market. 🔹 XRP continues to struggle with the $0.5 threshold, requiring substantial market changes for a breakthrough. 🔹 Cipher Mining mines 176 #Bitcoin in June, now holding over 2,200 #BTC, highlighting the growing influence of institutionally-backed mining with #BlackRock's support. 🔹 #StanChart predicts Bitcoin could reach a record high by August and hit $100,000 by November, driven by increasing institutional optimism. 🔹 Analysts from #K33 Research expect #ETH to outperform Bitcoin post-U.S. spot #EtherETFs launch on July 8, anticipating significant inflows to boost ETH's value. Join our Telegram channel for full updates 📲 💬 https://t.me/osldotcom
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With changes in global finance, investors prioritise reliable, transparent, and innovative investment strategies. At Pantheon Mining, we offer more than just Bitcoin mining—we provide a secure, client-focused, and sustainable way to grow your investments in a decentralised future. Why Pantheon Mining? • 𝗖𝗹𝗶𝗲𝗻𝘁-𝗳𝗼𝗰𝘂𝘀𝗲𝗱: Dedicated account managers and 24/7 support deliver bespoke service and total control. • 𝗦𝗲𝗮𝗺𝗹𝗲𝘀𝘀 𝗘𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗲: Manage your mined Bitcoin securely with our platform, with value-added perks like the Pantheon Platinum Card. • 𝗠𝗮𝘅𝗶𝗺𝗶𝘀𝗲𝗱 𝗥𝗲𝘁𝘂𝗿𝗻𝘀: We optimise uptime, reduce costs, and mitigate risks with strategic partnerships and operational excellence. • 𝗦𝗲𝗰𝘂𝗿𝗲 & 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲: Our operations are based in regions with political stability, sustainable electricity, and dependable infrastructure. With over 25 years of combined experience in Bitcoin mining, Pantheon Mining is committed to providing sustainable Bitcoin returns for private and institutional investors. Be part of our journey and secure your place on our waiting list today. (Link in comments) #Bitcoin
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Sales Manager Business&Industries apetito Catering B.V. & Co. KG | Kaufmann
8moGreat advice!