BTC | Crypto Profit Bot

Compass Mining loses facility after allegedly failing to pay power bill

June 28, 2022

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Bitcoin (BTC) mining hardware and hosting company Compass Mining has lost one of its Maine-based hosting facilities after the owner, Dynamics Mining, terminated the hosting agreement between the two, claiming Compass failed to pay the required bills. Late on Sunday, Dynamics tweeted a letter on Twitter it sent to Compass Mining which stated as of […]

Bitcoin miner ‘capitulation event’ may have already happened — research

June 24, 2022

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Bitcoin (BTC) miners may have already sparked a “capitulation event,” fresh analysis has concluded. In an update on June 24, Julio Moreno, senior analyst at on-chain data firm CryptoQuant, hinted the BTC price bottom could now be due. BTC price bottom “typically” follows miner capitulation Miners have seen a dramatic change in circumstances since March […]

$30K BTC price has ‘severe impact’ on Bitcoin miner profits — analysis

June 10, 2022

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Bitcoin (BTC) is squeezing its miners this month as suppressed prices threaten to impact profitability. The latest data shows both narrowing profit margins and miners waiting longer to recoup their initial investment. Miner production cost faces off with BTC price While Bitcoin miners have largely held off on major distribution as BTC/USD descends from all-time […]

Bitcoin bond still on hold, El Salvador accused of human rights violations

June 3, 2022

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El Salvador’s Finance Minister Alejandro Zelaya has said the country will further delay launching its anticipated billion-dollar Bitcoin (BTC) bond, citing price volatility and uncertain market conditions resulting from the ongoing Russia-Ukrainian war. The news comes at the same time that Amnesty International accused the Salvadoran authorities of “flagrant violations of human rights and criminalizing […]

Bitcoin daily mining revenue slumped in May to eleven-month low

June 2, 2022

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Bitcoin miners have had a tough month, with revenue and profitability tanking in May. Hash rates remain high, however. 1357 Total views 37 Total shares Bitcoin (BTC) mining revenue and profitability have continued to slide along with the asset’s price this year as the crypto winter deepens. May has been one of the worst months […]

The more you know about Bitcoin, the more optimistic you are: Block survey

June 1, 2022

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Over 9,500 people around the world were surveyed for Block’s 2022 Bitcoin report, which showed that more optimistic individuals possessed a greater self-reported knowledge level of the crypto. 2180 Total views 32 Total shares A survey from digital payment company Block Inc. has found that the higher respondents rated their own level of cryptocurrency knowledge, […]

STEPN rebounds sharply after falling 80% in a month — is GMT price bottoming out?

May 28, 2022

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A massive downtrend in the STEPN (GMT) prices witnessed in the last 30 days appears to be nearing exhaustion. GMT’s price has rebounded by nearly 35%—from $0.80 on May 27 to $0.99 on May 28. Interestingly, the upside retracement started after the price fell in the same range, which had acted as support before GMT’s […]

Billionaire Bill Miller calls Bitcoin ‘insurance’ against financial catastrophe

May 27, 2022

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Miller said Bitcoin “functioned without the Fed and without any interference” during times of market turmoil, concluding that “it’s an insurance policy, the way I look at it.” 4802 Total views 80 Total shares Bill Miller the billionaire founder and chief investment officer of investment firm Miller Value Partners, has said he considers Bitcoin (BTC) […]

World Bank won’t support Central African Republic’s Sango crypto hub

May 26, 2022

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The World Bank has said “it will be physically impossible” for the lender to fund the planned Sango crypto hub and voiced concerns regarding the country’s adoption of Bitcoin. 968 Total views 25 Total shares The World Bank has signalled its concerns over the Central African Republic (CAR) adopting Bitcoin (BTC) as a legal currency […]

Dollar Cost Averaging or Lump-sum: Which Bitcoin strategy works best regardless of price?

May 22, 2022

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Bitcoin (BTC) has declined by more than 55% six months after it reached its record high of $69,000 in November 2021. The massive drop has left investors in a predicament about whether they should buy Bitcoin when it is cheaper, around $30,000, or wait for another market selloff. The more you look at prior $BTC price […]

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