#Recent News on Bitcoin Bottom

[tokeninvestigator]

Best Way to Learn About Bitcoin Bottom

If you're a beginner at Recent News on Bitcoin Bottom, you may wonder what the best way to learn about Bitcoin bottoms is. You can learn about the fundamentals, Pi-Cycle indicators, Trend reversal indicators, and Dollar-cost averaging. 

Here's a basic guide. But don't get ahead of yourself. This currency won't go through a dramatic rally anytime soon, so it's important to take your time.

Pi-Cycle indicator

A Pi-Cycle indicator is a simple tool that estimates Bitcoin bottoms by comparing the price of the bitcoin to two average trend lines. Plan C, which uses a 10-day simple moving average (SMA), and the Bitcoin price intersected on July 9. The Pi-Cycle indicator is not perfect. However, it has predicted the tops and bottoms of multiple bull markets.

The Pi-Cycle Recent News on Bitcoin Bottom indicator has the capability of estimating the area where the absolute bottom of a bear market will be. The latest signal from the indicator was generated on December 16, 2018, just one day after the Bitcoin price hit its all-time low of $152. 

And as of this writing, the indicator is approaching the third bearish crossover. This is an important sign because the price is about to make a new all-time low.

Trend reversal indicator

There are many ways to learn about Bitcoin's bottom, but a trend reversal indicator is one of the most important. A reversal indicates a reversal in price. 

By calculating the reversal of price, you can determine if the market is ready to reverse. If the trend is upward, you should enter a long position, while a downward trend implies a sell signal.

To learn about Recent News on Bitcoin Bottom bottoms, one of the best ways is to look at multiple time frames simultaneously. Specifically, if multiple time frames line up, a longer-lasting trend reversal is likely in the works.

Bitcoin's weekly and monthly charts have not yet lined up, but that could change next month. And while we aren't quite there yet, there is still reason to believe that bitcoin will bottom out this month.

Chart pattern

A chart pattern can tell you when a price is about to hit a bottom. The double top and double bottom are the most common of these patterns, and they usually predict a larger reversal than either single pattern. 

The bearish double top pattern is a good example of this, as it indicates that Bitcoin is about to drop. A bearish double top is a signal for a decline, as traders would have entered a bearish position after the price fell below the prior reaction low. However, bearish volume was relatively light compared to bullish volume.

A falling wedge is another popular chart pattern. It can form in uptrends or downtrends and is similar to the rising wedge. When the price reverses from a rising wedge, it meets a new support level at the bottom. 

Once the price breaks the second support level, it will break through the first resistance level, completing the pattern. In a descending wedge, the price will reverse to a new support level that is slightly higher than the previous resistance level.

Dollar-cost averaging

To learn about the Bitcoin bottom, you should invest in small amounts regularly. Investing in small amounts regularly is better than waiting for the price to crash. It helps you to hedge your bets by limiting your upside and minimizing your downside. You will be able to avoid mistiming and take advantage of the Bitcoin bottom when it arrives.

It requires you to keep an eye on the market and make sure that you invest in the cheapest coins at a lower price. You should research each coin before investing and check it often to ensure its worth. By accumulating small amounts of cash, you will be able to learn about the Bitcoin bottom as early as November 2018.

Also Read: Why Copyrights Will Be The Next Big Goldmine?

#latest cryptocurrency news today #Blockchain Revolution in Advertising #Income Tax in Romania 2022 #Copyrights the Next Goldmine 2022 #Recent News on Bitcoin Bottom

[biguclub88]

Crypto Predictions: Seven Top Coins Post Bitcoin ETFs Correction

The recent cryptocurrency market upheaval, seemingly influenced by the "buy the rumor, sell the news" trend, highlights the impact of heightened expectations surrounding the approval of exchange-traded funds (ETFs) for the primary cryptocurrency. This phenomenon draws parallels with the legal cannabis market, where anticipatory hype led to market losses post-legalization. However, the groundbreaking nature of cryptocurrencies, unlike cannabis, suggests a potential for more substantial shifts in the financial landscape.

The recent crypto selloff, attributed in part to FTX's bankruptcy and subsequent liquidation sale, has prompted market scrutiny. CoinDesk suggests a potential optimistic trajectory now that this event is behind us, signaling the possibility of brighter days ahead. Here are insights into seven key cryptocurrencies amidst these developments:

Bitcoin (BTC-USD): Bitcoin has dipped below the significant $40,000 mark, marking a seven-week low, attributed to FTX's liquidation sale. CoinDesk suggests a potential easing of bearish pressure, opening avenues for bullish sentiments, especially among contrarians. However, caution is advised as BTC currently trades below the 50-day moving average, emphasizing the importance of monitoring the market dynamics.

Ethereum (ETH-USD): Ethereum, closely following Bitcoin's market movements, has faced a 7.5% dip in the past seven days. While trading near its 50-day moving average, investors should be cautious in interpreting this as corrections occurred pre-Bitcoin's ETF approvals. Monitoring major fund outflows will be crucial for predicting potential recovery and identifying discount opportunities.

Tether (USDT-USD): Tether, functioning as a stablecoin, plays a vital role in the crypto ecosystem as a pegged liquidation mechanism. The deviation from its one-to-one peg, currently at 0.999 to the dollar, underscores a shift in the value dynamics between fiat and crypto dollars. Observing this trend reversal is crucial for strategic re-entry into the virtual currency space.

Solana (SOL-USD): As an alternative cryptocurrency, Solana has faced a substantial downturn, slipping over 7% in the past 24 hours and nearly 16% in the trailing seven days. Its challenge to maintain the 50-day moving average raises questions about a potential long-term discount. Patience is advised, considering historical rebounds after similar downturns.

XRP (XRP-USD): XRP's legal battles with the SEC have led to uncertainties, reflected in its recent market struggles. A deviation below the 200-day moving average and a 9% loss in the past seven days pose challenges. Patience is key, given previous recovery trends, but careful monitoring is essential to gauge a genuine bottoming level.

Dogecoin (DOGE-USD): Despite its origins as a joke, Dogecoin has evolved into a top-performing cryptocurrency, resilient to market fluctuations. With a modest 3% loss in the past 24 hours, it stands out for its community-driven support. While caution is advised, overlooking Dogecoin's unique position in the crypto landscape might disregard its significance as a decentralized investment class.

In navigating the post-Bitcoin ETFs correction landscape, investors are urged to exercise patience, monitor key indicators, and carefully assess the distinct dynamics of each cryptocurrency for informed decision-making.

#btc #usdt #eth #xrp #doge #sol

[market-news-24]

Bitcoin prices have plummeted over 10% following the highly anticipated halving event. With the digital currency's value in flux, many investors are wondering whether now is the time to buy. Let's explore whether Bitcoin is still a smart investment amidst the recent Market volatility. Click to Claim Latest Airdrop for FREE Claim in 15 seconds Scroll Down to End of This Post const downloadBtn = document.getElementById('download-btn'); const timerBtn = document.getElementById('timer-btn'); const downloadLinkBtn = document.getElementById('download-link-btn'); downloadBtn.addEventListener('click', () => downloadBtn.style.display = 'none'; timerBtn.style.display = 'block'; let timeLeft = 15; const timerInterval = setInterval(() => if (timeLeft === 0) clearInterval(timerInterval); timerBtn.style.display = 'none'; downloadLinkBtn.style.display = 'inline-block'; // Add your download functionality here console.log('Download started!'); else timerBtn.textContent = `Claim in $timeLeft seconds`; timeLeft--; , 1000); ); Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_1] Bitcoin's recent halving on April 19 has left many investors disappointed as the price of BTC has dipped below $60,000 from its peak of $73,750. Despite this short-term setback, the long-term outlook for Bitcoin remains positive. Investor interest in Bitcoin ETFs has slowed down due to the price decline, but the overall consensus is that Bitcoin is becoming a crucial asset in investment portfolios. Institutional investors like BlackRock are gearing up to invest in Bitcoin ETFs, indicating a positive trend for the Market. The Bitcoin halving event is often misunderstood as an immediate price booster, but it actually reduces the reward for miners and increases the perceived scarcity of Bitcoin. This scarcity factor, along with the halving cycle lasting 12 to 18 months, suggests that the full impact of the April 2024 halving may not be seen until late 2025. While Standard Chartered Bank has warned of potential price dips in Bitcoin, experienced investors advise buying the dip as Bitcoin's long-term trajectory is expected to be upward. The key for new investors is to understand and accept the volatility of Bitcoin's price movements before entering the Market. Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_2] 1. Is Bitcoin still a good investment after dropping more than 10% following the halving? Yes, Bitcoin is still considered a good investment by many experts despite the recent price drop. 2. What is the halving and why did it cause Bitcoin's price to drop? The halving is an event that occurs every four years when the reward for mining new Bitcoin blocks is cut in half. This can sometimes lead to a drop in price due to reduced supply. 3. Should I buy Bitcoin now or wait for the price to stabilize? It's always difficult to predict the exact bottom of a Market, so many investors recommend dollar-cost averaging by buying Bitcoin in smaller increments over time. 4. What are some factors to consider before buying Bitcoin? Some factors to consider before buying Bitcoin include your risk tolerance, time horizon, and overall investment goals. 5. How can I safely buy and store Bitcoin? To safely buy and store Bitcoin, it's important to use reputable exchanges, enable two-factor authentication, and consider storing your Bitcoin in a hardware wallet for added security. Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_1] Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators Claim Airdrop now Searching FREE Airdrops 20 seconds Sorry There is No FREE Airdrops Available now. Please visit Later function claimAirdrop() document.getElementById('claim-button').style.display = 'none';

document.getElementById('timer-container').style.display = 'block'; let countdownTimer = 20; const countdownInterval = setInterval(function() document.getElementById('countdown').textContent = countdownTimer; countdownTimer--; if (countdownTimer < 0) clearInterval(countdownInterval); document.getElementById('timer-container').style.display = 'none'; document.getElementById('sorry-button').style.display = 'block'; , 1000);

[dencyemily]

Defying Doubters: CryptoQuant CEO Envisions Bitcoin Surpassing $112,000

Bitcoin's trajectory towards new all-time highs is a topic of discussion as Ki Young Ju, CEO of CryptoQuant, advocates for the transformative impact of Bitcoin spot Exchange Traded Funds (ETFs). Dismissing the perception of ETFs as mere "paper" investments, Ju anticipates their role in potentially propelling Bitcoin's price to $112,000, presenting a bullish outlook amid current market dynamics.

Ju's analysis offers two scenarios for Bitcoin's future value: an optimistic peak at $112,000 and a more conservative estimate of $55,000. Based on Bitcoin's current price of $47,100, these projections illustrate a potential range with a ceiling of $89,500 and a floor of $17,200.

Crucial to Ju's optimism is the expected monthly spot ETF inflows of $9.5 billion, projected to significantly boost Bitcoin's realized capitalization by an impressive $114 billion annually. Despite potential outflows from the Grayscale Bitcoin Trust (GBTC), Ju remains confident in Bitcoin's growth, foreseeing a substantial increase in realized capitalization.

Ju's analysis emphasizes BlackRock's substantial holdings, with nearly 50,000 BTC valued at over $3.19 billion through its ETF. Historical data on specific MVRV ratios lends credibility to his predictions, pointing to historical market bottoms and tops.

The recent approval and launch of the United States' first spot Bitcoin ETFs signify a transformative phase, attracting substantial institutional capital. Notable players like BlackRock, Fidelity, and Ark 21Shares have experienced significant inflows post-SEC approval, indicating a positive shift in investor sentiment.

As the cryptocurrency community awaits the Bitcoin block reward halving in April, experts anticipate significant market movements. Figures like Adam Back suggest the potential for Bitcoin to reach new all-time highs, possibly exceeding $100,000, further adding to the excitement and anticipation in the crypto space.

#Ki Young Ju #Bitcoin spot ETF #BlackRock #Grayscale #Cryptotale

[bitcoincables]

MicroStrategy's Bitcoin Bet Faces Volatility Amid Accounting Rule Change

Bloomberg: MicroStrategy, a US enterprise-software maker that heavily invests in Bitcoin, may face more volatility in its quarterly results due to a recent accounting rule change. The change requires valuing Bitcoin at market prices, meaning that if MicroStrategy adopts it for the fourth quarter, the value of Bitcoin on the company's balance sheet will surge by billions of dollars. However, analysts predict that the company will report a loss of around $5.8 million. MicroStrategy was the first public company to invest in Bitcoin as part of its capital allocation strategy, and its shares have soared more than 300% since then. However, the company faces new competition from Bitcoin exchange-traded funds.

The accounting rule change has the potential to increase the company's bottom line, as its Bitcoin holdings will be updated to reflect recent purchases and the rising price of Bitcoin. MicroStrategy currently owns 189,150 Bitcoins, with a value estimated at $1.8 billion at the beginning of the year. With the new accounting rules, the value of its Bitcoin holdings would increase to around $8 billion, which is more in line with the company's market capitalization. However, the increased volatility of Bitcoin prices could result in fluctuating quarterly results for MicroStrategy.

While MicroStrategy has been praised by Bitcoin enthusiasts for its bold investment strategy, it has yet to gain the approval of the institutional investment community. The company's CEO, Michael Saylor, firmly believes in the potential of Bitcoin and sees it as a necessity for the company's survival. However, other US public companies have been hesitant to follow suit, with Tesla Inc. being one of the few exceptions. MicroStrategy's decision to invest in Bitcoin has paid off for its shareholders, with the company's shares soaring over 300% since July 2020. However, the company now faces competition from the emergence of Bitcoin exchange-traded funds, which offer investors an alternative way to gain exposure to the cryptocurrency.

For the full article, you can read it here.

Related hashtags: #Bitcoin, #MicroStrategy, #cryptocurrency, #investing

[bloggertech]

Was Bitcoin a success in 2023?

The year has flown by and we have already reached the end. We will now talk about what will be happening next year. The Bitcoin and crypto market moves so fast that we often are only focused on what is coming next. In a few months’ time, everyone will have their sights set on the upcoming Bitcoin halving. The event that will likely help jumpstart the next bull cycle.

However, one of the most overlooked factors in becoming successful with investing isn’t only looking at the future. Instead, it is looking at the past and learning from what you did well, and even more importantly; learning from what you didn’t do well.

While Bitcoin isn’t an individual person and doesn’t make its own mistakes. As a collective community, we can look back and determine what Bitcoin did well, and what could be improved. And most importantly, has 2023 been a successful year for Bitcoin.

One of the biggest Bitcoin stories of the year happened while banks across the US began to not only freeze customer funds but also began collapsing. During this time people began to understand the real value and use-case of Bitcoin. It began acting as the safe-haven asset that it truly is. While there was panic in the banking streets, the price of Bitcoin soared.

It was this price action that finally marked the bottom of the bear market, and caused Bitcoin’s price to soar up to $30k. More importantly, it helped to repair the image of Bitcoin that had been so heavily damaged last year due to the summer of insolvencies, and FTX’s fraud.

Ordinals & BRC20 Tokens

One of the most exciting things to happen to Bitcoin this year was that the builder mentality finally began to return to Bitcoin. In past years, the Bitcoin protocol had become so sacred in the minds of Bitcoiners, that they stopped innovating and trying to expand its capabilities. This resulted in Bitcoin not achieving its full potential.

All of this began to change with the implementation of Ordinals (NFTs) and also BRC20 tokens on Bitcoin. Suddenly there was excitement in the Bitcoin ecosystem again, and developers began flooding back to Bitcoin.

However perhaps more importantly, all of this action in Bitcoin caused transaction fees to soar. For the first time, transaction fees were actually paying miners more than actually minting new Bitcoin. Perhaps a solution to Bitcoin’s largest point of FUD is about how miners will be motivated to continue mining after all of the minable Bitcoin has given out.

BlackRock Spot ETF Application

The news that shocked the financial world was when BlackRock announced that they were applying for a spot Bitcoin ETF. This was so important because BlackRock is the most powerful and influential financial company in the world.

Now that they have entered the market, they have signaled to the rest of the financial world that not only is Bitcoin here to stay, but that they are full believers. From here on out we will see more and more companies begin to enter the market.

The Price

While some people might be disappointed with Bitcoin’s recent price action, you need to remember where we came from. At the beginning of the year, Bitcoin was nearly $15k and there were real doubts about whether it would soon drop below $10k. After the FTX fraud, people were declaring that the death blow had finally been dealt to Bitcoin.

However, since then Bitcoin’s price has nearly tripled and is ranging between $39-$44k. With that said, when you are in doubt, just zoom out. When Bitcoin was at $15k and fear was everywhere, we would have been thrilled to be back at $40k. While we would all like the price to be much higher, there is no denying that 2023 has been a very good year for Bitcoin.

Throughout Bitcoin’s history, each year has been different. Some have been great, some have been horrible, and some have been largely mediocre. There have been a lot of exciting developments that will assure Bitcoin has a bright future. Sometimes it just takes a while for all of these developments to be reflected in the price. After taking everything into consideration, there is no doubt this has been a great year for Bitcoin.

#bitcoin#bitcoinmining

#billionaire

[crypto-chronicles]

Prediction: Major Bitcoin Correction to $21,500 Before Soaring to New Heights

CryptoCon, a voice in the cryptocurrency analysis sphere, has recently shared via X an insightful prediction regarding Bitcoin’s future trajectory. He asserts that Bitcoin, having topped around $45,000 a few weeks ago, is on the brink of a substantial correction. This correction could range between 38% and 52%, potentially bringing Bitcoin’s value down to a bottom ranging between $26,000 and…

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[patrickjacobs54]

Ethash Miners Ethereum Miner Finest Ethereum Mining Softwares 2021

It can be very noisy, so it isn't appropriate for miners who live in residential areas. For these reasons, we're putting the S19 XP Hyd at the bottom of our listing regardless of its impressive specs. Eventually, this turned the trade commonplace, particularly for Bitcoin, thought of the gold standard for cryptocurrency. MicroBT has added competition with the Bitmain Antminer S19 and S19 Pro gadgets beforehand announced by Bitmain. The most hash price of 110 Th/s for the power consumption of three,250 W. Next, join the Ethernet cable to the swap device, and enter the miner’s IP handle utilizing the scanning software, configure the mining software program. It is believed that using ACIS miners harms the whole crypto business. The capacity of the ASIC is enough to create new blocks in a reasonably brief time. Among the industry-leading ASIC collection is Bitmain’s Antminer, known for its distinctive productiveness. Generally, these devices devour over 3250W of power and might achieve a powerful hash fee of one hundred ten trillion hashes per second. However, it’s important to note that their price exceeds $2,000, which can be thought of steep for newbies. Introduction of ASIC mining Hardware; When it involves cryptocurrency mining, ASIC miners are the way in which to go if you wish to see critical outcomes. New miners additionally choose these up as a 'proof-of-concept', to learn to mine, stack some cash and pave the way for a larger setup in the future. This is a 50%+ upgrade in hashing energy over the earlier S17 era using the 7nm chip, in addition to a 30%+ upgrade in energy efficiency. The price of ASIC miners rise and fall with the fluctuations in cryptocurrency prices. Chang also says they're often priced so that it's going to take you a yr to interrupt even with the cash you earn from your miner. So ASIC miners have been created to increase cryptocurrency miners' hash rates. By harnessing the ideas of aerodynamics, this technology supplies efficient cooling whereas offering unique benefits and some limitations. Let’s discover its description, application, benefits, and limitations. The customization choices enable for changes to the design based on the particular needs of the mining setup, such as the sort of miner, noise tolerance, and ambient temperature. The design typically includes an inlet for recent air and an outlet for decent air, guaranteeing that the miner stays adequately cooled whereas working inside the noise reduction field. This stability between noise discount and cooling is crucial to keep up the miner’s efficiency. Let’s embark on this thrilling journey collectively, maximizing efficiency, lowering noise, and contributing to a sustainable and successful mining future. The Antminer Shroud + AC Infinity Cloudline is a specialised system designed to channel the heat generated by Antminer units into a controlled airflow. The Shroud acts as an attachment to the miner’s exhaust, directing the recent air by way of a duct system. Access additional info is a great inline fan that controls the airflow, ensuring optimal warmth recycling. Immersion cooling represents a radical departure from conventional air-cooling strategies. As it is virtually impossible for you to make your own ASIC mining machine, the most suitable choice is to purchase an aftermarket rig that you need to use to mine Bitcoin or some other cryptocurrency you want. I truly have listed two totally different well-liked ASIC mining machines which are well-liked work nicely from my experience. Mining is the method of validating new crypto transactions to make sure that there are no fraudulent or rip-off activities on the blockchain community. Whenever a crypto transaction takes place, a miner offers their hardware energy in order to remedy complicated puzzles that not directly validate the entire transaction. Nowadays, while there’s nothing stopping you from making an attempt to mine BTC solo using a CPU, your probabilities of winning a block reward are statistically lower than successful the lottery. While BTC has turn out to be a extremely aggressive mining field, there are numerous extra cryptocurrencies with which you may have the ability to have interaction. The Bitmain Antminer S19 is a high-end ASIC miner designed for the mining of cryptocurrencies using the SHA-256 algorithm.

Their two SHA-256 miners embody the B2S with specs of TH/s, and an effectivity of W/TH. Also, the B2T which hashes at 21 TH/s, with an effectivity of fifty five W/TH. Bit Mining declared that these machines can be out there by the top of April 2021, however sadly we've but to see a product or a review. In April of this year Bit Mining (formerly 500.com who acquired BTC.com and Bit Deer) introduced a partnership with Bee Computing. They claimed to have close relations with MediaTek and TSMC chip suppliers. Since then the physique of the apostle and the headstone are preserved in the crypt of the Basilica. The tale is offered by Giambattista De Lectis, doctor and author of the sixteenth century of Ortona. After the looting, the navarca Ortona Leone went to wish in the primary church of the island of Chios and was drawn to a chapel adorned and resplendent with lights. An elderly priest, through an interpreter knowledgeable him that in that oratory was venerated the Body of Saint Thomas the Apostle. The navarca Leone reached out and took a bone from the most important hole of the tombstone, on which have been carved the Greek letters and a halo depicted a bishop from the waist up. He was the affirmation of what he had stated the old priest and that you are certainly within the presence of the Apostle's body. If you haven’t set up a pockets by now, you will need to create one. One of the most effective software wallets for Bitcoin comes from a company known as BRD which has been round for quite a while. However, if you’re trying to hold some Bitcoin long term its recommend to spend money on a hardware pockets. Once you login to your miners working system, now you can begin configuring your mining pool and pockets tackle. Be sure to depart the miner browser open whilst you get a wallet and mining pool address. One of the most well-liked errors new miners make is poor planning of where the ASIC miners will operate.

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[manningludvigsen74]

Realtime Mining Hardware Profitability

The Eaglesong algorithm, initially renowned for its GPU-intensive hashing system, now takes heart stage in the Bitmain K7 miner. This secure and progressive algorithm delivers a mix of simplicity and effectiveness. Compatible with both AMD and Nvidia mining graphic playing cards, Eaglesong has evolved to turn into the go-to algorithm for Nervos mining. Under this technique, every time a model new block of data must be verified and added to a cryptocurrency's blockchain, it's encoded with an advanced puzzle that a computer wants to unravel. Whoever solves the issue first will get to update the blockchain with the model new info and is awarded a certain quantity of cryptocurrency. When selecting mining hardware, having extra environment friendly methods is incredibly essential. They differ from a graphics card or CPU mining system, which depends on components designed to perform more than only one task. Instead, ASIC miners are designed from the bottom up to perform the calculations required by a specific cryptographic hash algorithm utilized by a person or handful of cryptocurrencies. And, Avalon’s firmware exhibits the temperature of each microchip which is useful for troubleshooting. However some miners complain about issues with the company’s newer models, and recently there has been rumors of long-time employees leaving their posts. Lastly, the other problem with Whatsminer is that hash boards aren't extensively out there.

SynLink PDUs monitor and report circuit-level power consumption (KWH) for all linked miners. The data can be considered on the PDU's self-hosted web software, SSH cli, or via HTTP REST API. If reporting your personal home mining rewards as a business, you get the added benefit of writing off expenses like the portion of your own home's vitality invoice used up by your miners. The voltages aren't constant and varies depending on numerous components such as the variety of loads related, the time of day, and so forth. For example, when you had been to measure the voltage at the input of an ASIC miner connected to a 240V outlet, there's a small probability you will note exactly 240V. The Bitmain S9 has been operational since 2016 and interestingly sufficient they are nonetheless being utilized in Venezuela and Iran the place electricity is so low cost that it outweighs the danger of confiscation. There might, ultimately, be more reputable sources of sub 2 cents electricity because the entry to photo voltaic and wind improves in North America. When choosing which machine to spend cash on, miners ought to think about the machine’s profitability and longevity. However, these methods became unprofitable because of the improve in capacity and excessive electrical energy payments. These problems were solved by introducing ASIC miners to the markets. By the greatest way, ASIC stands for Application-Specific Integrated Circuit. Once upon a time, crypto coins could be mined utilizing an odd pc. The S9 collection hashes between TH/s, has a every day profit of $2-$4 (at 6¢/kWh), and an efficiency ranking of ~ 98 W/TH. The knock on have an result on of this issue is that when a machine has poorly connected warmth sinks the good and cozy air does not dissipate away from the microchips. However, miners consider that the S17 and T17 reflect poorly on Bitmain. To begin mining, all you have to do is click on a button; to stop mining, click another button. While GPU mining offers larger returns than CPU mining, it still falls in need of what an ASIC miner would ship. You can discover this selection and see how things work out for you, although, given the worth of GPUs in comparison with ASIC miners. Successfully mining just one Bitcoin block, and holding onto it since 2010 would mean you have around $1.3 million US dollars price of bitcoin in your wallet in 2023. You can get free crypto mining apps for Android, iOS, Windows, and other OS. Some legit crypto mining apps for Android are Storm Gain and Hashshiny. Mining Pool Hub is a buying and selling system that enables you to set the coin you want get with ease. It is among the greatest Bitcoin mining site that permits you to start mining in less time. Join minerstat and discover the most effective mining software options to boost your hashrate and earnings. Crypto mining remains to be a particularly worthwhile venture should you understand the mandatory steps. It could be made even more profitable if upfront costs can be lowered by building a DIY ASIC miner out of pre-built components. The laptop may additionally be configured to behave as a monitoring tool utilizing one of many many purposes obtainable for this objective. In order to mine with a GPU, you'll need to install some sort of mining software within the laptop housing the GPU. Back then Claymore was thought-about as the best and the most dependable software program for mining Ethereum. The greatest advantage it had was the twin mining possibility where you possibly can mine ETH and other cash similar to Decred, Lbry, Pascal or Siacoin simultaneously. It doesn’t mater which pool you are mining and what reward system the pool makes use of (PPS or PPLNS). Also it doesn’t matter if the miner is closed source with dev fees or open supply with no charges. An necessary consideration when buying an ASIC ought to be how quickly you are more probably to see a return on your authentic investment. This is decided by the hash energy of the system – i.e. the number of BTC it could generate day by day – minus your electrical energy costs, mining pool charges and present mining problem. StrongU have been around for a quantity of years and make the Hornbill H8 and H8 Pro bitcoin miners which hash TH/s, with and effectivity of W/TH. In theory the H8 machine would be very worthwhile, but no miner critiques are discovered and the model stays a thriller. And, in 2018 they have been the primary manufacturer to reach a chip efficiency of lower than sixty three W/TH (75 W/TH at the wall). Horizon Miners crypto miners , or the creator, may have holdings in the cryptocurrencies discussed. However, except you may be utilizing an "ASIC" (Application Specific Integrated Circuit) to mine Bitcoin, it's unlikely that the computer shall be profitable. Yes, there are numerous different Proof-of-Work cryptocurrencies that can be mined, and most of them are extra accessible to the typical enthusiast than Bitcoin. Dogecoin and Litecoin are 2 examples of digital assets that might be mined. BlokForge is a U.S. based ASIC mining hardware and associated services warehouse providing aggressive costs for all sorts of cryptocurrency mining hardware. In the early days, many miners initially utilized their own CPUs for coin mining. However, it quickly became apparent that this method lacked the mandatory capability for environment friendly mining at scale. Kaspa Miners are redefining the panorama of cryptocurrency mining with their distinct advantages. These state-of-the-art mining rigs offer numerous advantages that set them aside from the competitors.

#bitmain s19 #bitmain antminer s19 pro #bitmain antminer e9 #bitmain antminer k7 #bitmain antminer ka3 #bitmain antminer s19pro #bitmain ka3 #bitmain antminer s9 #bitmain firmware #bitmain kda miner #bitmain l7 #bitmain miner #bitmain s9 #bitmain antminer s19 #bitmain antminer s19 xp #bitmain antminer s7 #bitmain antminer z9 #bitmain e9 #goldshell #goldshell kd6 #goldshell miner #goldshell kd5 #goldshell miners #goldshell kd max #goldshell mining #goldshell sc box #ibelink #ibelink bm-k1 for sale #ibelink bm-k1 #ibelink bm-k1+

[industry212]

Bitcoin Bulls Unleash: Tops $40,000 in Stunning Rally

Bitcoin surges past $40,000 in record-breaking bull run

Bitcoin has over $40,000 for the first time since May 2022, riding a wave of momentum fueled by widespread optimism about interest rate reduction in the United States and speculators betting on the expected approval of stock market-traded bitcoin ETFs in the United States.

The world's largest cryptocurrency surpassed US$41,748 on Monday, its highest level since April 2022, potentially lifting the gloom that had descended on crypto markets following the fall of FTX and other crypto businesses last year.

It was recently trading at US$41,627, up 4%. Its 50% gain since mid-October has "seemed to mark a decisive shift away from the bearishness of 2022 and early 2023," according to Justin d'Anethan, Asia-Pacific head of business development at Keyrock, a digital assets market maker.

D'Anethen stated that signs of institutional purchasing through November indicated a fresh leg of interest and that, while reversals were not ruled out, lows around $16,000 a year ago "probably marked the bottom."

Bitcoin has increased by more than 150% so far this year.

Microstrategy (MSTR.O), a bitcoin investor, said last week that it purchased an extra US$593 million in bitcoin in November.

Meanwhile, riskier investments and other interest-rate sensitive assets, such as gold, have risen sharply in recent weeks as markets bet that the US Federal Reserve has completed its rate hikes and would begin lowering rates early in 2024.

Reports in October that the Securities and Exchange Commission will not appeal a court verdict that ruled the agency was incorrect to deny an exchange-traded fund application fueled speculation that approval is imminent.

A spot bitcoin ETF might provide previously hesitant investors access to cryptocurrency through the stock market, bringing in a new surge of wealth.

Investors have also cheered the resolution of a multi-year criminal investigation into Binance, the world's largest crypto exchange and a vital cog in the global crypto market. The agreement, which saw Binance founder Changpeng Zhao resign after pleading guilty to violating anti-money laundering regulations in the United States, permits the business to continue operations.

Ether, the cryptocurrency tied to the Ethereum blockchain network, reached a one-and-a-half-year high of US$2,264 on Monday.

Both Bitcoin and Ether are still well behind their 2021 record highs of US$69,000 and US$4,868.

#Bitcoin #Binance #Crypto #Cryptocurrency #Crypto market

[metamoonshots]

Ethereum (ETH) has showcased robust efficiency over the previous week, with the token’s value up 15% since Thursday. With rising retail and institutional curiosity, many ETH holders are optimistic about it reaching the $2,000 stage earlier than the top of the 12 months. In the meantime, the newly launched Bitcoin Minetrix (BTCMTX) undertaking can be making waves, providing traders an intriguing alternative to get in on the bottom flooring earlier than the token hits the open market. Ethereum Poised to Hit $2,000 Amid Renewed Bullish Momentum ETH is buying and selling across the $1,787 stage after posting six bullish every day closes in a row. This sharp surge has taken ETH above the 50-day and 200-day Exponential Shifting Averages (EMAs) on the every day time-frame, indicating that the token’s pattern has definitively shifted. ETH has additionally breached the robust resistance stage at $1,740, which had capped value twice since August. Zooming out, the token has emerged from the tight buying and selling vary it was trapped in for over two months, signaling newfound bullish momentum that might pave the way in which towards $2,000 within the close to time period. If ETH had been to hit $2,000, it will characterize an extra 12% push from at the moment’s value and take the token to its highest worth since July. With spot buying and selling volumes exceeding $11.7 billion in the past day and investor sentiment optimistic, Ethereum is in a strong place to maintain its trajectory and probably attain this key milestone within the weeks forward. Confluence of Elements Propels Ethereum’s Worth Rally Ethereum’s bullish momentum will be attributed to a confluence of optimistic elements. First, the latest Bitcoin value surge to $35,000 for the primary time in over a 12 months is lifting the broader crypto market. Because the world’s second-largest coin, Ethereum typically advantages from Bitcoin’s value rallies. Second, Ethereum is surging partially due to renewed optimism round a possible spot Bitcoin ETF approval. If permitted, a spot BTC ETF is predicted to carry important new institutional funding into the crypto house, possible benefiting Ethereum. Lastly, recent outflows from major crypto exchanges, comparable to over $500 million from Binance in 24 hours, alerts that merchants are transferring belongings into safe storage in anticipation of rising crypto costs. With all these elements at play, many crypto neighborhood members consider Ethereum is poised to proceed its surge to $2,000 – and presumably even increased. Bitcoin Minetrix Additionally Bullish, Challenge Presents Thrilling New Technique to Earn as Crypto Bull Run Accelerates As Ethereum and the broader crypto market proceed to construct momentum, one other rising token that appears well-positioned to surge is Bitcoin Minetrix (BTCMTX). Nonetheless, within the early levels of its presale, Bitcoin Minetrix goals to disrupt the world of Bitcoin mining by tokenizing cloud mining credit on the Ethereum blockchain. By doing this, Bitcoin Minetrix permits on a regular basis traders to realize publicity to BTC mining rewards, not simply the coin’s value actions. Given Bitcoin’s latest resurgence and the rising expectations of a chronic bull run, the timing seems perfect for Bitcoin Minetrix to launch and permit customers to earn recurring BTC payouts. Not solely that, however Bitcoin Minetrix permits customers to stake their BTCMTX tokens to earn yields of 259% per 12 months – with over 161 million tokens staked already. Early traders should buy BTCMTX tokens for simply $0.0112 throughout Stage 3 of the continuing presale occasion. Nonetheless, the presale value will improve by 10% as soon as the stage’s funding objective of $3.1 million has been met – a milestone anticipated to be hit within the coming days, given the present funding momentum. As soon as Bitcoin Minetrix’s presale ends, the builders plan to launch BTCMTX on quite a few prime exchanges, creating extra liquidity and probably driving up demand.

With over 4,100 individuals following the project’s Twitter page and the official Telegram channel seeing sturdy development, Bitcoin Minetrix seems primed to capitalize on this engagement and make a robust market entrance. Visit Bitcoin Minetrix Presale Disclaimer: The above article is sponsored content material; it’s written by a 3rd social gathering. CryptoPotato doesn’t endorse or assume duty for the content material, promoting, merchandise, high quality, accuracy, or different supplies on this web page. Nothing in it needs to be construed as monetary recommendation. Readers are strongly suggested to confirm the knowledge independently and punctiliously earlier than partaking with any firm or undertaking talked about and do their very own analysis. Investing in cryptocurrencies carries a danger of capital loss, and readers are additionally suggested to seek the advice of knowledgeable earlier than making any choices that will or might not be based mostly on the above-sponsored content material. Readers are additionally suggested to learn CryptoPotato’s full disclaimer. SPECIAL OFFER (Sponsored) Binance Free $100 (Unique): Use this link to register and obtain $100 free and 10% off charges on Binance Futures first month (terms).PrimeXBT Particular Supply: Use this link to register & enter CRYPTOPOTATO50 code to obtain as much as $7,000 in your deposits.

[market-news-24]

Are we finally seeing a Bitcoin bottom? After a sharp retracement from its peak of $73,800, the journey downward has been both deeper and longer than initially anticipated, according to the latest insights from TradingView News. This extended period of adjustment has left investors and traders alike pondering the future trajectory of the world's most popular cryptocurrency. Discover the in-depth analysis and what this could mean for the Market in our latest update. Click to Claim Latest Airdrop for FREE Claim in 15 seconds Scroll Down to End of This Post const downloadBtn = document.getElementById('download-btn'); const timerBtn = document.getElementById('timer-btn'); const downloadLinkBtn = document.getElementById('download-link-btn'); downloadBtn.addEventListener('click', () => downloadBtn.style.display = 'none'; timerBtn.style.display = 'block'; let timeLeft = 15; const timerInterval = setInterval(() => if (timeLeft === 0) clearInterval(timerInterval); timerBtn.style.display = 'none'; downloadLinkBtn.style.display = 'inline-block'; // Add your download functionality here console.log('Download started!'); else timerBtn.textContent = `Claim in $timeLeft seconds`; timeLeft--; , 1000); ); Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_1] Recent fluctuations in Bitcoin's value have sparked discussions among Market analysts, especially after a noticeable dip in prices led to the liquidation of numerous leveraged long positions earlier this week. Some Market watchers are now sensing a potential turnaround, believing that Bitcoin may have reached a support level, suggesting the cryptocurrency could be on the verge of a rebound following its recent contraction. An insightful post by a seasoned analyst on a popular platform has drawn attention by pointing out that Bitcoin seems to have bottomed out after its recent price drop. This observation is grounded in a historical pattern where deep retracements in Bitcoin's price often precede a strong recovery phase. The analyst further noted that based on the current price actions, and the lengthier-than-usual retracement period, there is a strong indication that Bitcoin might have found its footing, setting the stage for possible price gains ahead. However, despite this optimistic projection, the unpredictable nature of cryptocurrencies, characterized by their rapid price fluctuations, makes it challenging to definitively pinpoint Market bottoms. Currently trading above $60,000, Bitcoin has shown resilience by bouncing back from its early May losses. Yet, it remains in a bear breakout pattern, signaled by a significant bear bar at the end of April. For a bullish trend to gain confirmation, Bitcoin would need to convincingly break above the $62,000 mark, overcoming the losses seen on April 30. The Market's future direction seems contingent on various Market forces with analysts adopting both bearish and bullish stances. While some caution is advised due to the still-present signs of weakness, others are more optimistic, forecasting a sharp recovery if Bitcoin successfully reclaims its previous March to April trading range. Furthermore, factors such as Bitcoin ETF holdings adjustments and the US Federal Reserve's monetary policy in response to inflation will play crucial roles in shaping Bitcoin's price trajectory. With the Fed aiming to manage inflation rates, the performance of the USD could also influence Bitcoin's value moving forward. In conclusion, while the recent price action in Bitcoin has raised eyebrows, the Market sentiment appears divided. The coming weeks will be critical in determining whether the world's premier cryptocurrency can shrug off its recent woes and rally to new heights or if further challenges lie ahead. As always, investors and traders are advised to keep an eye on Market trends and exercise caution amidst the ongoing volatility.

Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_2] Sure, here are five relevant FAQs based on the Bitcoin scenario you've mentioned: 1. **What does "Bitcoin Bottom In" mean?** It just means the lowest price point Bitcoin might have reached recently before it starts going up again. Think of it like hitting the bottom of a pool before pushing off to swim to the surface. 2. **Why did Bitcoin's retracement from $73,800 matter?** A retracement is when the price dips after a high. The fact that it went deep and took a while means it dropped quite a bit and didn't bounce back super fast. This could affect how investors view its stability or potential for quick recovery. 3. **Does a deeper and longer retracement indicate a bad sign for Bitcoin?** Not necessarily bad, but it shows that after reaching $73,800, Bitcoin's price didn't just dip; it stayed down longer and went lower than some might have hoped. It can worry some investors but also be seen as a buying opportunity by others. 4. **Can we predict when the Bitcoin price will start going up again after such a retracement?** Predicting exact timing in the cryptocurrency world is tough. While analysts can make educated guesses based on patterns and trends, unexpected factors can always come into play. It's more about watching closely than marking a specific date on your calendar. 5. **What should investors do after a long, deep retracement?** Every investor is different, so there's no one-size-fits-all advice. Some might see it as a chance to buy more at lower prices, hoping for a future rise. Others might wait it out until they see a clear trend upwards. It's always smart to do your own research or consult with a financial adviser. Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_1] Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators Claim Airdrop now Searching FREE Airdrops 20 seconds Sorry There is No FREE Airdrops Available now. Please visit Later function claimAirdrop() document.getElementById('claim-button').style.display = 'none'; document.getElementById('timer-container').style.display = 'block'; let countdownTimer = 20; const countdownInterval = setInterval(function() document.getElementById('countdown').textContent = countdownTimer; countdownTimer--; if (countdownTimer < 0) clearInterval(countdownInterval); document.getElementById('timer-container').style.display = 'none'; document.getElementById('sorry-button').style.display = 'block'; , 1000);

[bennettforster]

Digifinex Labs: Top Trader Predicts Significant Bitcoin Correction Following Rally to $30,000

A trader renowned for accurately calling Bitcoin’s 2018 bear market bottom is now suggesting that the cryptocurrency is poised for a substantial pullback exceeding 20%.

According to Bluntz’s analysis, Bitcoin’s recent surge appears to be part of an ABC corrective pattern, potentially leading to a significant drop, with the cryptocurrency falling all the way down to $22,376.

He stated, “We’ve seen a nice move up on BTC overnight, almost hitting my target price. I haven’t had a trade go that smoothly in quite some time in this turbulent market. However, I am now sidelined once again. I’m uncertain whether we’ll simply shoot to new highs from here, as this resistance level is quite formidable, in my opinion.”

Bluntz relies on the Elliott Wave theory in his technical analysis, which is an approach aimed at forecasting future price movements based on the waves created by crowd psychology. According to this theory, a bullish asset can experience an ABC corrective wave following an upward movement to consolidate gains before the next upward phase.

It’s worth noting that Bitcoin briefly surpassed the $30,000 mark on Monday due to inaccurate reports suggesting that the U.S. Securities and Exchange Commission (SEC) had approved BlackRock’s application for a spot-based Bitcoin exchange-traded fund (ETF).

#btc #sec #etf #digifinex #eth #btcetf

About DigiFinex

DigiFinex, originating from Singapore and established in 2017, is a leading global cryptocurrency exchange. Upholding the values of diversity, integrity, and trustworthiness, DigiFinex provides users with secure 24/7 services for buying, selling, trading, storing, and staking cryptocurrencies.

For more information, please visit: Official Website | Telegram

#btc #ethereum #web3

[crynotifier]

Bitcoin Price Prediction as BTC Bounces from Recent Bottom – Is a Trend Reversal Near?

Bitcoin Price Prediction as BTC Bounces from Recent Bottom – Is a Trend Reversal Near?

#cryptoworld #cryptocurrencies #btc #cryptoinvestor #invest #forexlifestyle #cryptotrading #cryptos #bitcoin #cryptocurrency

New Post has been published on https://crynotifier.com/bitcoin-price-prediction-as-btc-bounces-from-recent-bottom-trend-reversal-near-htm/

[bitcoincables]

Mixed Response to Bitcoin ETFs: Hype vs. Reality

The launch of bitcoin spot ETFs in the United States brought optimism that the value of bitcoin would rise as regular investors gained an easy way to purchase it. However, the response has been mixed, with bitcoin mostly trading sideways recently. This raises the question of whether the initial hype was followed by investors selling the news. Surveying TechCrunch readers, about a quarter of respondents already own bitcoin and have no plans to buy it through the new ETFs. These owners store their coins in various places, including self-custody wallets, Coinbase, and KuCoin.

In an interesting anecdote, a respondent humorously claimed that their bitcoin wallet ended up at the "bottom of the ocean" after a boating accident. Overall, the article highlights the uncertain impact of bitcoin ETFs on the value of the cryptocurrency and suggests that the market's response might not have matched the initial hype.

Read the full article on TechCrunch.

#bitcoin #ETFs #cryptocurrency #investing

[ailtrahq]

Bitcoin price has slid below $27,000 amid a spike in overhead pressure caused by concerns about the conflict between Israel and Hamas. Down 2.2% in the last 24 hours, the largest crypto is trading at $26,816 on Thursday. The gloomy market outlook is not unique to BTC, considering Ethereum is down 0.5% to $1,560 while XRP has decreased 2.1% to $0.4838. Bitcoin Price Prediction As Whales Accumulate USDT Bitcoin price managed to stay above $27,000 following last week’s jump above $28,000. Investors and analysts had expected this support to hold to allow BTC to chart another recovery path to $30,000. However, the geopolitical tensions linked to the war between Israel and Hamas are gradually changing the outlook amid fears of a recession setting in in the United States. The impact of the war was nevertheless not expected to trigger a sell-off in the crypto market and most certainly not Bitcoin, especially with renowned hedge fund manager Paul Tudor Jones saying that he loved Bitcoin and gold at this time. If the US enters a recession, there is a high chance Bitcoin will rally. Investors would want to hedge against traditional assets and currencies like the US dollar using Bitcoin, in turn, creating the necessary momentum for a rally. Meanwhile, Santiment, a leading blockchain analytics firm has reported on a spike in active addresses related to the largest stablecoin, Tether (USDT). This has also led to an increase in exchange deposits mainly among wallets with between $1 million and $10 million USDT. Significant increases in USDT balance on exchange indicate interest in future buys implying that investors are accumulating to purchase BTC at a later date. 🤑 #Tether is seeing an increase in #onchain activity, with active addresses hitting a 3-month high, largely due to increases in exchange deposits. Additionally, wallets with $1M-$10M in $USDT have been accumulating. Both indicate interest in future buys. pic.twitter.com/cuDKWCnJwt — Santiment (@santimentfeed) October 10, 2023 IntoTheBlock, another blockchain data analytics platform, has revealed that “compared to traditional financial markets, Bitcoin currently has the highest Sortino Ratio.” In other words, BTC stands out as a “more favorable risk-adjusted return” when analyzed against other mainstream assets. Compared to traditional financial markets, Bitcoin currently has the highest Sortino Ratio, suggesting it offers a more favorable risk-adjusted return than other mainstream assets. 🔗 pic.twitter.com/oFYCsmwSbm — IntoTheBlock (@intotheblock) October 11, 2023 How Far Can Bitcoin Price Dips Go? The Relative Strength Index (RSI) reinforces the bearish outlook, with Bitcoin likely to retest support at $26,000. Dips below this buyer congestion could trigger a bigger sell-off to $25,000, with the possibility of extending to $23,500. BTC/USD weekly chart | Tradingview Some analysts like Rekt Capital believe Bitcoin price is yet to bottom out ahead of its much-awaited halving event in 2024. His most recent technical update reveals that there is a higher probability of a sweep through liquidity at $22,000 and $20,000 before BTC eases into the bull run. #BTC Indeed, it is looking increasingly likely that ~$27150 has been turned into new resistance Of course, lots of time until the new Monthly Close But if October continues to be a weak month, Bitcoin may see confirmed downside continuation$BTC #Crypto #Bitcoin pic.twitter.com/fkZaws2QRM — Rekt Capital (@rektcapital) October 11, 2023 An immediate recovery above $27,000 could help arrest the current bearish situation and increase confidence in the recovery to $30,000.