Tuesday’s U.S. manufacturing data is likely to show continued contraction, signaling weakness in the dollar index and strength in bitcoin. Traders should watch out for an August-like growth scare in risk assets. Friday’s U.S. jobs data could extend the dollar weakness, according to ING. Bitcoin (BTC), the leading cryptocurrency by market value, fell over 10%
Tag: Bitcoin
Bitcoin Miners See Sharp Revenue Drop to Lowest Since September 2023
You are here: Home / News / Bitcoin News / Bitcoin Miners See Sharp Revenue Drop to Lowest Since September 2023 Bitcoin minеrs fаcеd а substаntiаl dеclinе in rеvеnuе during August 2024, rеcording thеir lowеst еаrnings sincе Sеptеmbеr of thе prеvious yеаr. According to dаtа from Bitbo, this downturn wаs primаrily drivеn by а rеduction
Bitcoin Drops Under $59K as BTC Demand Wanes, BlackRock’s IBIT Logs Outflows for the Second Time
Bitcoin experienced a decline, falling below $59,000 with a weekly loss of over 3.5%, amidst signs of reduced demand and net outflows from major ETFs, such as BlackRock’s IBIT. However, data shows an uptick in U.S. retail investor interest, evidenced by a higher bitcoin price premium on Coinbase and increased inflows from international exchanges to
Wall Street Bitcoin Miner Loses $29 Million, Six Times Less Than Last Year
2024-08-31T16:22:04.767+02:00 S a t u r d a y , 3 1 / 0 8 / 2 0 2 4 | 1 4 : 2 2 G M T by Damian Chmiel IREN reported a significant growth in FY24, with record Bitcoin mining revenue and improved profitability. The company is on track to expand its
Bitcoin Price Analysis: BTC Loses Momentum With Possible Price Declines to $56K and $52K
Bitcoin’s price has been showing a willingness to drop lower. However, market fundamentals point to something different. BTC is down by nearly 10% in the past week, currently struggling to remain above $58,000. Technical Analysis By TradingRage The Daily Chart On the daily chart, the asset has been consolidating around the $60K level, following a