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“# Bitcoin miners facing chip shortage amid skyrocketing demand ” A chip shortage is significantly affecting the Bitcoin mining hardware distribution chain, according to Reuters on Jan. 22, Indeed, Bitmain — one of the major Bitcoin miner makers — has seen its inventory sold out until August 2021, according to information on its website. Apart from…
“# Alleged ‘ghost’ Bitcoin mining firm traded on Nasdaq faces class action lawsuit ” Bit Digital (BTBT), a Bitcoin mining company traded on the NASDAQ stock exchange, is the subject of a class-action lawsuit that alleges the company fabricated the extent of its Bitcoin (BTC) mining operations. According to the lawsuit which was filed in…
“# 3 reasons Bitcoin tumbled below $30,000 in a surprise overnight correction ” The price of Bitcoin (BTC) is continuing to reject the $35,000 resistance level, falling below $30,000 briefly overnight on Jan. 22. BTC has pared some losses since, bouncing above $31,500. At these prices, however, BTC/USD is headed for its worst week ever, losing…
“# VanEck files with SEC for ETF that tracks crypto companies’ performance ” VanEck, a major American investment management firm, is making another attempt to launch a digital asset-related exchange-traded fund, or ETF. According to a Jan. 21 filing with the United States Securities and Exchange Commission, VanEck’s new ETF is called the Digital Assets…
“# Bitcoin’s biggest mining pool may be behind the BTC price drop, but buyers stepped in ” Bitcoin (BTC) fell to lows of $28,950 on Jan. 22 thanks to miners likely selling huge amounts of their holdings — but big buyers made sure that the dip was minimal. According to data from on-chain monitoring resource…
“# Crypto Fear and Greed index drops to October 2020 levels ” With the Bitcoin (BTC) price dipping below a $29,000 threshold, the investor mood is worsening and the Crypto Fear and Greed index has plunged to October 2020 levels. On Jan. 22, the Crypto Fear and Greed index sharply dropped to a value of…
“# Crypto market cap falls by $113B as Bitcoin price tumbles to $28,750 ” On Jan. 21 the cryptocurrency market experienced an increased wave of selling pressure and within the last hour Bitcoin (BTC) price dropped below the $30,000 mark for the first time since Jan. 4. BTC/USDT 4-hour chart. Source: TradingView Now that Bitcoin…
“# Crypto ETP capitalization up 90% this month as institutional volume triples ” Capital has flooded into crypto investment products in recent weeks, with the value of assets invested into crypto exchange-traded products, or ETPs, increasing by more than 90% in the last 30 days. The spike in the assets under management, or AUM, locked…
“# Pro traders buy the dip as bears push Bitcoin price to the edge of $30K ” In the last 24-hours Bitcoin (BTC) price dropped 14% and tested the $32,000 support for the fifth time this year. Traders probably became even more worried as the price fell to $31,050 but at the time of writing…
“# Genesis Mining head forecasts importance of layer-two Bitcoin solutions ” Would Bitcoin and its blockchain be able to handle mainstream adoption as a store of value without requiring second-layer solutions? Genesis Mining’s head of mining operations, Philip Salter, holds a mixed view. “I think Bitcoin is a good store of value regardless of transaction…