Several indicators point to Bitcoin’s bear-market bottom
Many on-chain indicators signal that the bear market bottom for the cryptocurrency market has been reached.
Several indicators point to Bitcoin’s bear-market bottom
Many on-chain indicators signal that the bear market bottom for the cryptocurrency market has been reached.
Experts point to potential spike in cryptocurrency market volatility
The ratio of open interest (OI) in Bitcoin and Ethereum futures and perpetual contracts to their market capitalisation reached a record. Against the backdrop of the current consolidation, this could be a prelude to a sharp increase in volatility.
Pound depreciation fuels record Bitcoin purchases in GBP
On 26 September, the daily volume of GBP-denominated Bitcoin trading reached an all-time high of 47,000 BTC amid the pound’s sharp depreciation. Arcane Research analysts noted this.
Study finds publicly listed mining companies posted losses amid crypto winter
The vast majority of publicly listed mining companies reported unallocated losses on their balance sheets, despite a buoyant 2021. Arcane Research analysts found this.
Arcane Research notes resilient finances among public miners.
Public mining companies are going through difficult times due to a drop in Bitcoin price, higher electricity tariffs, and mining difficulties. But none of them have gone bankrupt, according to Arcane Research.
Arcane Research analyst forecasts Bitcoin network energy consumption in 2040
If the price of Bitcoin reaches $2 million by 2040, the network's annual energy consumption will reach 894 TWh.
Arcane Research: Bitcoin price targets $27,000
If bitcoin holds the $20,700 level, the price is likely to move into the $27,000–$28,000 range.
Public miners liquidated a quarter of their bitcoin reserves in June
In June, public mining companies sold about 14,600 BTC in total, representing 23% of their total reserves in the first cryptocurrency. Arcane Research analysts noted this.
Arcane Research: Bitcoin mining profitability falls to 2020 levels
Bitcoin mining cash flow fell 80% from its November 2021 peak to levels last seen two years ago, according to Arcane Research analysts.
Analysts foresee Bitcoin price dropping to $10,350
Analysts at Arcane Research say Bitcoin's price could fall to $10,350.We use cookies to improve the quality of our service.
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