Contrarian Bitcoin investors identify buy zones even as extreme fear grips the market

contrarian-bitcoin-investors-identify-buy-zones-even-as-extreme-fear-grips-the-market

A popular BTC price metric points to “extreme fear” in the market, but contrarian investors say multiple on-chain metrics suggest Bitcoin is in buy territory. Bitcoin (BTC) support at the $30,000 level has proven to be quite resilient amidst the turmoil of the past two weeks with many tokens in the top 100 now showing … Read more

Why We Can’t Trust Bitcoin Mining Hash Rate Data From China

why-we-can’t-trust-bitcoin-mining-hash-rate-data-from-china

The changing proportion of Bitcoin network hash rate emanating from China can be explained by the inherent flaws in how this data is collected. China has “re-emerged” as a major bitcoin mining hub in 2022, representing more than 20% of the Bitcoin network’s hash rate, according to new data from Cambridge’s Centre for Alternative Finance … Read more

China Emerges As Second-Largest Bitcoin Mining Hub Despite Ban

china-emerges-as-second-largest-bitcoin-mining-hub-despite-ban

A report from Cambridge exploring bitcoin mining shows the U.S. as the dominant global player and China in second despite the country’s ban last year. New data from Cambridge details a portrait for the global hash rate of bitcoin mining. The U.S. is solidifying its position as the global leader with 37.84% of the global … Read more

China returns as 2nd top Bitcoin mining hub despite the crypto ban

china-returns-as-2nd-top-bitcoin-mining-hub-despite-the-crypto-ban

China still hosts 21% of the total global Bitcoin hash rate after the local government banned all crypto operations in the country last year. The Chinese government has not managed to take down cryptocurrency operations as part of its crypto ban last year as China has re-emerged as one of the world’s largest Bitcoin (BTC) … Read more

Market Mayhem and Calling the Bitcoin Price Bottom

market-mayhem-and-calling-the-bitcoin-price-bottom

A contrarian take on the current market structure suggesting that the bitcoin bottom is near and the Federal Reserve will reverse its hawkish course. Watch This Video On YouTube or Rumble Listen To The Episode Here: Apple Spotify Google Libsyn Overcast In this episode of the “Fed Watch” podcast, Christian Keroles and I, along with … Read more

Bitcoin network fortifies as mining difficulty records ATH of 31.251T

bitcoin-network-fortifies-as-mining-difficulty-records-ath-of-31.251t

BTC’s latest network difficulty all-time high makes it nearly impossible for bad actors to represent over 50% of the hash rate. Further distancing itself from any concerns of planned attacks on the blockchain, the Bitcoin (BTC) network established a new mining difficulty all-time high of 31.251 trillion — exceeding the 30-trillion mark for the first … Read more

Record Mining Difficulty Shows Industry Growth Despite Bitcoin Bear Market

record-mining-difficulty-shows-industry-growth-despite-bitcoin-bear-market

The bears can’t keep miners down as data shows increasing hash rate — which could lead to some uncomfortable hash price realities. Bitcoin may be in a bearish market, but the mining industry is growing bigger than ever. Bitcoin mining difficulty set a new record high for the sixth time this year on Tuesday, reaching … Read more