Bitcoin enters its 82nd day of the prevailing drawdown, as derivatives traders bet on further downside. Meanwhile, on-chain demand models suggest a more bullish undertone is in play.

Since the Cambridge Bitcoin Electricity Consumption Index (CBECI) project updated its mining map in mid-July, the United States has continued to dominate in terms of the amount of hashpower worldwide. Moreover, data shows that Foundry USA has managed to command the top pool position with 755 bitcoin block rewards mined during the last 30 days. […]

The Bitcoin mining difficulty recently reached an all-time high. This comes as Bitcoin mining reaches full recovery after being greatly affected in May and June [...]

Data from BTC.com estimates that the network will continue to grow stronger by attaining another all-time high in the next 12 days, with a network difficulty of 26.70 trillion.

Mining bitcoin is also the only way for the blockchain to produce new bitcoins, awarding them to miners as they are digitally unearthed.

The post Best Bitcoin Mining Pools for 2022 appeared first on Bitcoin Market Journal.

Bitcoin is going to get its first upgrade in four years. The upgrade is called Taproot and it will increase privacy and improve smart contracts.

Bitcoin’s difficulty ribbon compression indicator, an indicator that takes advantage of its difficulty ribbon indicator to measure market capitulation, has just started “pumping,” which historically has meant the price of BTC is about to move up. As YouTuber The Moon pointed out, the indicator has started pumping for the first time during this bull cycle, […]

There is an opinion that the Chinese ban is actually good for the bitcoin price in the long run. The ongoing crackdown on bitcoin mining and trading could boost bitcoin and other cryptocurrencies in the future.

The price of bitcoin has recently bounced from the $30,000 to now trade around $36,000 according to CryptoCompare data, and its movement coupled with a crash in its hashrate led to a key indicator flashing a buy signal. That key indicator, the Puell Multiple, is the ratio of the daily issuance if bitcoin in U..S […]

China’s crackdown on cryptocurrency mining operations in the country was widely discussed in the last couple of months. Several conversations around this development are emerging, be it in the media

The post Bitcoin and China: Why this move cannot be 'underestimated' appeared first on AMBCrypto.

Chinese bitcoin miners aren't the only ones being affected by the country's high-level crackdown comment on bitcoin mining activities.

The post Ethereum’s hash rate sinks 20% after China’s mining shutdown orders appeared first on The Block.