Bitcoin

Today, Auradine, a Silicon Valley-based Bitcoin miner manufacturer, has strategically partnered with virtual power plant providers CPower and Voltus. The collaboration aims to enhance energy demand response and grid stability using Auradine’s EnergyTune technology. This technology allows Bitcoin miners to adjust their energy consumption in real-time. It could also reduce usage during peak demand periods and increase production during times of surplus. Auradine to Enhance Bitcoin Miners’ Efficiency with EnergyTune The initiative aims to support a more sustainable and flexible…

The post Bitcoin Price Hits One-Month Low Amid $600M Outflows: What Next? appeared first on Coinpedia Fintech News Bitcoin, the leading cryptocurrency, has recently experienced a downturn, hitting its lowest point in a month due to significant withdrawals from digital-asset investments. On June 18th, 2024, BTC fell by 2.1%, matching levels last seen in mid-May before stabilizing. What’s causing the downturn? Here’s a deep dive. Investors Pull Back Amid Economic Uncertainty Recent data from CoinShares International shows a substantial $600…

Bitcoin (BTC), the largest cryptocurrency on the market, has again taken the lead in the crypto landscape. However, this time it comes with a sense of caution among investors triggered by macroeconomic data, particularly from the United States.  In addition, the resulting outflows of over $600 million from the primary market of the digital asset ecosystem, as reported by asset manager CoinShares, have raised concerns about potential price corrections shortly.  Against this backdrop, renowned analysts and technical experts have weighed…

With eight Bitcoin miners having surpassed the $1 billion market capitalization threshold, the cryptocurrency market is experiencing an incredible upsurge that indicates a major industry boom. The top 5 cryptocurrencies ready to profit from this trend are being closely watched by investors and fans. In this regard, those hoping to catch the wave of this developing industry may want to invest in Bitcoin, Ethereum, Solana, Binance Coin, and Angry Pepe Fork. The Top 5 Cryptocurrencies To Buy In Order To…

Now into the 15th week of sideways and downwards price action, Bitcoin is continuing to sell-off. How long is this going to go on for? Will Bitcoin eventually turn the corner and continue the bull market? Long term holders take some chips off the table It does appear that the $BTC selling is continuing unabated. Even $BTC long term holders are selling, and according to analyst Willy Woo, for these long term holders to be taking some profits at this…

Industry voices claim that Bhutan, Venezuela, and Iran’s central banks are acquiring Bitcoin. Larger and more influential central banks are expected to follow soon. Industry voices claim that the Central Banks of Bhutan, Venezuela, and Iran are acquiring Bitcoin. The revelations were made during a conversation with Fred Krueger, where it was noted that those countries are currently involved in Bitcoin acquisition. In a recent tweet, David Bailey, CEO of Bitcoin Magazine, expressed optimism that larger central banks would soon…

The post Bitcoin Price Prediction: How Low Might BTC Price Drop This Crypto Market Crash  appeared first on Coinpedia Fintech News With a 1.68% drop in the total market cap of the crypto world, Bitcoin continues to decline with a rise in supply pressure. Despite 90% of Bitcoin HODLers in profit, the downtrend warns of a steady decrease in this percentage.  Further, almost $500 Million worth of long liquidation in the crypto market reveals a strong bearish side. However, 70%…

The post With $60K & $70K as Major Support & Resistance, Bitcoin Price Stands Around $65K: Here is What’s Next! appeared first on Coinpedia Fintech News Another volatile weekly start, with BTC hitting the lows and altcoins bleeding heavily. It’s been a couple of months of Bitcoin halving, and the current price action seems to be similar to previous 60-day post-halving periods. It is speculated that the OG whales may have sold over 50,000 BTC in the past 10 days,…

The post ‘Hold Onto Your Altcoins, but Dont Convert Bitcoin Into Altcoins’: Here’s When Your Favorite Alts Will Recover appeared first on Coinpedia Fintech News Analyst George aka Crypto Rus took to his latest analysis video and commented that the market is currently stuck in a rut. Bitcoin briefly surged to $67,000 but quickly dropped back to $65,500, hinting at some volatility. However, he said that despite these fluctuations, Bitcoin remains strong, having recently been at $72,000 just 10 days…