WorldPingMore than 71% of bitcoin supply is now in profit, approaching a level that has typically marked bear-to-bull transitions, Bitfinex said.
This is a short WorldPing brief. The full report was published by The Block.
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WorldPingBitcoin aggregate onchain profit entered its fourth week, but a popular analyst warned that BTC price “downside risk” remained in place.
Brief by WorldPing · Original reporting by Cointelegraph
WorldPingThe Nakamoto Project, a Wyoming-based nonprofit, reported a single $275,000 grant in 2023 before launching the effort.
Brief by WorldPing · Original reporting by Fortune
WorldPingBitcoin is holding above $78,000 as Brent crude breached $100 and rising Treasury yields revived inflation fears.
Brief by WorldPing · Original reporting by CryptoSlate
WorldPingBrent crude has surpassed $100 per barrel for the first time since July, while West Texas Intermediate topped $95 amid a military escalation in the Middle East.
Brief by WorldPing · Original reporting by Bitcoin.com
WorldPingBitcoin holders who need cash do not necessarily have to sell their BTC. They can borrow against it instead, keeping exposure to Bitcoin while using its value as collateral for a loan. The complication is that the loan they want may exist on another network.
Brief by WorldPing · Original reporting by CryptoSlate
WorldPingLuxor estimates 235 EH/s of capacity is idle for mixed reasons, complicating the capitulation signal as Texas’s summer curtailment window ends.
Brief by WorldPing · Original reporting by CryptoSlate
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