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The Bitcoin market has seen a recent shift in on-chain dynamics, suggesting that miner capitulation may be coming to an end. The Glassnode Hash Ribbon indicator, which measures BTC’s hash rate, has shown a positive cross between the short-term (30-day) and long-term (60-day) moving averages. This indicates that miners are returning to the network and
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A recent letter from a group of Democrat politicians has urged the Democratic National Committee (DNC) to reconsider its stance on cryptocurrency and blockchain technology. The letter emphasizes the importance of taking a “forward-looking approach” to these digital assets, highlighting their potential for American innovation, economic growth, and financial inclusion. The Democrats express concern over
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Marathon Digital, a leading Bitcoin mining company, has made a bold move by investing a substantial $100 million in BTC. This recent investment highlights the company’s confidence in the long-term potential of Bitcoin, despite previous price fluctuations in the market. The press release published by MARA (formerly known as Marathon Digital) announced the purchase of
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The spot Ethereum ETFs were given the green light by the SEC a few months ago, and they officially launched last Tuesday. However, the initial results have been quite underwhelming, especially when compared to the launch of spot Bitcoin ETFs earlier this year. While the spot Ethereum ETFs saw a solid first day with over
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