Category: Bitcoin

Bitcoin is digital money created in 2009. It lets people send and receive payments directly without using banks. It’s stored on a public network called a blockchain, and only 21 million will ever exist.

Solo Miner Gets 860749th Bitcoin Block Wining $181,143

Sep 10, 2024

Today a solo bitcoin miner wins against big mining pools. Solo CK mines the 860749 bitcoin block number and gets $181,143 as a reward.

Screenshot 2024 09 10 at 11.57.01 AM BitMala

Solo mining has become extremely difficult these days because of large mining farms. It is like a lottery to win. But recently we have been frequently hearing these stories of successful solo mining. Why is this? This might be because recently ASICS devices have been improved for home mining. More people are running Bitcoin miners from home.

The miner of 860749 received 3.169 $BTC. Are you mining any other crypto?

If you liked this article, then please subscribe to our YouTube Channel for web3 video tutorials. You can also find us on Twitter and Instagram.

Ethereum Underperforms Against Nvidia, Bitcoin, and Meta

5th September, 2024, Wyoming

Ethereum (ETH) is one of the most prominent cryptocurrencies. However, it underperformed against Nvidia, Bitcoin, and Meta. Due to a lack of investment interest in ETH, the risk-to-reward ratio has declined forcing traders to look for better opportunities.

The underperformance has shaken Ethereum’s market supremacy. Traditional assets and other cryptocurrencies have performed better.

Nvidia with its AI connection has far surpassed Ethereum due to its rapid growth in technology. Now, it is a top choice for conservative risk investors.

Likewise, Bitcoin is a more secure asset that retains investors’ trust, leaving ETH behind.

These issues are not solely a result of market competition. Reduced sales and purchases, scalability issues, and uncertainty about ETH 2.0 have slowly pulled away investors.

Therefore, investors are currently evaluating their Ethereum positions, as well as investing in other assets with much better returns and risk management.

The shift underlines the necessity of knowledge and flexibility in the changing environment. The current situation proves that even the major players are not protected from the fluctuations in a market.

If you liked this article, then please subscribe to our YouTube Channel for web3 video tutorials. You can also find us on Twitter and Instagram.

Bitcoin and Ether Tumble as US Growth Worries Shake Markets

4th September, 2024, Wyoming

The crypto market has just fallen and has stirred a lot of turmoil! The cryptocurrency market underperformed pulling BTC and ETH down to 5% of losses.

Investors grapple with fears over the US economy. The Bitcoin price fell below $26000, whilst Ethereum was unable to maintain the $1600 level. This decline is due to fluctuations in the global market. Investors fear the slowdown of the US economy can badly affect risky favourites.

Altcoins weren’t spared either. Solana (SOL), Dogecoin (DOGE) and others were not spared, as the downtrend affected most tokens in the market. Overall market capitalisations suffered a decline and investors are supposed to seek safer options.

What’s behind the crash?

The lack of seriousness has been identified as weak economic signals from the US. Currently, the market remains restless as the Fed’s next step remains unknown and so does crypto.

This is indeed a rude awakening! Reminding everything is not always up in the crypto world. But there are downs too. However, the next move could make the difference.

If you liked this article, then please subscribe to our YouTube Channel for web3 video tutorials. You can also find us on Twitter and Instagram.

Bitcoin ETFs: $50 Billion Step Toward the Next Big Thing

3rd September, 2024, Wyoming

Is $50 billion baby steps towards something huge that Bitcoin’s making to recover?

Crypto enthusiasts are excited as such ETFs are preparing the market for mainstream adoption. But what does this all mean for the future of BTC?

These Bitcoin ETFs are a revolution, and they make things easy for traditional investors without having to hold the coins. $50 billion is just the beginning and this hints about Bitcoin’s potential to become an essential factor in traditional finance.

This is more than a trend! This indicates that Bitcoin is no longer a dizzy player, but is a major player in the global economy.

As more ETFs roll out, we can witness the entry of institutional money into the crypto space. This may significantly increase Bitcoin’s price. But with such an opportunity, there is a level of danger looming to see the evolution of these events.

The following few months will likely be crucial in determining whether the Bitcoin ETFs are the next wave in crypto or simply a minor blip. Regardless of the outcome, Bitcoin is making its presence known and the financial world is standing up and paying attention.

If you liked this article, then please subscribe to our YouTube Channel for web3 video tutorials. You can also find us on Twitter and Instagram.

Bitcoin’s Bearish September: August Gains Wiped Out

3rd September, 2024, Wyoming

September has arrived and Bitcoin is feeling the heat! BTC had a great August but failed to deliver this month right from the start and lost all its gains. Bitcoin has had a difficult September, and things can be different this year.

Is it just a pullback? Crypto traders are closely studying if it is the beginning of a deeper dive. The sentiment in the market is changing.  Some people are buckled up for the red days, while, others remain optimistic for quick recovery.

The recent dip is more captivating. The regular fluctuations of Bitcoin’s value likely makes the market volatile. As the month is still young, the following weeks will be vitally important in the overall picture of the year.

Will Bitcoin be trading in the green this week again and leave September’s catastrophe behind or will the bears return once again? Many question arises!

Well, for now, it is all about BTC. This could be the big move and if it is traders are ready for what is coming next. Bitcoin’s move up or down in September is still undefined and depends on how it reacts to the break.

If you liked this article, then please subscribe to our YouTube Channel for web3 video tutorials. You can also find us on Twitter and Instagram.

Bitcoin’s Wild Ride: 12% Dip Before a 400-Day Rally?

2nd September 2024, Wyoming. Bitcoin is preparing something intense for few months, having analyzed various projections, which predict a 12% drop soon. But here’s the kicker: this dip might just be the preparation for the largest 400-day rally. Something that might see Bitcoin reaching even greater levels!

Newcomers are quite scared, while those who have been following it for a while are aware of it. Such dips have often been seen previous to large-scale ramping and this might be one such instance. Only if, the level remains around $25,000, Bitcoin remains or begins a series of higher highs from this price floor.

This potential 400-day rally isn’t based on a little blind optimism either. Experts refer to various technical indicators and on-chain trends. They analyse Bitcoin chart and believe it could be entering a long-term bullish phase. Macro factors could also possibly turn in favour of Bitcoin again in the next few months and therefore the coming months could be decisive.

However, it’s the same story with crypto where you have no for sure certainty of winning. This 12% decline could shake off the weak, but for those who are patient enough to buy the dip, this is the perfect time.

In the world of Bitcoin, it’s often the risk-takers who benefit the most. Check the charts—to start with, this may be the beginning of a great process!

If you liked this article, then please subscribe to our YouTube Channel for web3 video tutorials. You can also find us on Twitter and Instagram.

Bitcoin’s September Struggles: What to Expect Now?

September is quite a negative month for Bitcoin which draws negative trends and makes the charts red. But what does this mean for BTC this time around? Crypto investors, traders, and holders are buckled up for September as history shows that September spells pressure down for Bitcoin.

Then, why this announcer is called the September slump? It’s a combination of market sentiments and trends where traders anticipate volatility thus there are cases of sell-off and profit-taking.

Add in macroeconomic factors such as high interest rates, business deregulation and uncertainty will be on for a bumpy ride.

But it is important to say that it is not high time to part with Bitcoin yet. However, an up-close look at the performance of the BTC shows that it has great potential.  Rather unpredictable, its dips are usually followed by a rebound for a quick hike to the larger trend.

Bulls are waiting for similar rebounds when September come as a preparation for the Q4 surge. The most important MA levels will be located around $25000 – any breakdown of this level is likely to cause serious problems, while its preservation may signal a change of trend.

Altogether, it can be stated that September certainly might be volatile, but the narrative of Bitcoin is far from the end. Whichever way you look at it, this month could well be the trajectory for the rest of 2024.

If you liked this article, then please subscribe to our YouTube Channel for web3 video tutorials. You can also find us on Twitter and Instagram.

Japan’s Metaplanet Teams Up with Ripple’s SBI for Bitcoin Boost

Metaplanet, aka Japan’s MicroStrategy, linked up with Ripple’s partner SBI VC Trade to supercharge Bitcoin trading, custody and management. This collab is giving metaplanet some huge advantage. It has access to SBI’s next level custody services and the option to use Bitcoin for financing.

This partnership could easily hype up Bitcoin in Japan more than ever. It shows hints of crazier collabs along the line. This link up could indicate big things ahead for both companies.

At the given time, BTC’c at $57,807 down by 0.60%. but the trading volume is up 77%. That’s a clear indication of it being talk of the town.

Bitcoin Rally Nearby As 18th Week After Halving Coincides With Fed Rate Cut

Bitcoin’s price has the potential to cross $100,000 mark in this 4th cycle. But the market always does the opposite of what the crowd thinks of.

Screenshot 2024 08 30 at 9.30.03 PM 1 BitMala

What happened during previous halvings?

  • 2016: For 18 weeks, $BTC was volatile ranging from $670 to $470 (-31%)
  • 2020: For 18 weeks, $BTC was less volatile ranging from $9,500 to $8,500 (-11%)
  • 2024: For 18 weeks, $BTC is volatile ranging from $71,500 to $49,500 (-31%)

$BTC price actions are painful after 4th Halving Event (April, 2024) resembling with 2nd Halving Event (July, 2016). It was painful during Q3 of 2016 just like it is happening now. But the buyers of 2020 period will not understand this as they did not suffer like this.

Price of $BTC at halving is usually marked as lowest price of Bitcoin before mega rally. Will this be true this time?

We’re at 18th week after the 4th halving event. Fed meeting is happening just 3 weeks from today. And there is a high probability of the Fed cutting the rates. Rate cuts make money available in the market more easily. Even though the history of rate cuts shows bearish price action at the beginning, it eventually triggers the mega bull trends.

Bitcoin’s weekly stochastic RSI is sitting at 20 and has enough room for move towards 80. This movement can break 6-digit price for the first time for Bitcoin.

  • Momentum is signaling for $100k
  • Fed rate cut is signaling for $100k
  • History of PA is signaling for $100k

Do you think $BTC will be above $100,000 before 2025?

If you liked this article, then please subscribe to our YouTube Channel for web3 video tutorials. You can also find us on Twitter and Instagram.

Bitcoin NVT Golden Cross Struggles to Reach New Highs

Bitcoin NVT Golden Cross struggles to reach new highs indicating further problems in the Bitcoin market. The inactivity in the NVT Golden Cross shows concerns about trust and certainty. In the present time, the problems that Bitcoin can face are more volatile and challenging, especially with existing regulatory pressures.

The Bitcoin NVT (Network Value to Transactions) fails to hit new records. The NVT Golden Cross is at an early stage where market value overcomes transactions and has recently become flat. The challenges on the NVT Golden Cross to create new highs is an indication that things might be tougher for Bitcoin onwards. Traders and investors are advised to closely study the volatility in the market.

Bitcoin faces additional challenges in the current market due to factors such as regulatory pressures and macroeconomics. The flatting of NVT Golden is an early warning that it may face challenges in achieving sustainable growth. The NVT Golden Cross has to keep abreast with the current market and implement new strategies to overcome the problems.

As the market risks persist, the NVT Golden Cross will be critical to knowing the next move of Bitcoin. For now, all investors should keep their eyes on the metric as it could signal early signs of changes to the market landscape.

Exit mobile version