Global investment bank JPMorgan has noted that SEC approval of a spot bitcoin exchange-traded fund (ETF) could “put severe downward pressure on bitcoin prices.” Conversely,
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Report: Bitcoin Miners’ Revenue Down by More Than 30% in the Last 6 Months
In the past six months, Bitcoin miners’ revenue has dropped by more than 30%, with November revenues approximately $270 million lower than October revenues. The
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Bitcoin’s Mining Difficulty Hits Record High With Sixth Consecutive Rise
On November 25, 2023, the Bitcoin network marked its sixth consecutive difficulty rise, reaching a new peak at block 818,496. The difficulty soared by 5.07%,
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Bitcoin Hashrate Hits Historic 500 EH/s Peak
On November 22, 2023, data revealed that Bitcoin’s hashrate, as calculated on a seven-day moving average, attained an unprecedented level of 500 exahash per second
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Bitcoin Ordinals haven’t wrestled blockspace from money TXs: Glassnode
Inscriptions have been acting more as a “packing filler,” stuffed into any remaining space once higher-value monetary transfers are packed into blocks, said the firm.
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Bitcoin Mining Hits Toughest Era: Record Difficulty and Hashrate Peaks Define September 2023
Bitcoin’s mining difficulty hit a record high after increasing 5.48% to 57.12 trillion. This rise signifies the need for a significant amount of computational power
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