Bitcoin’s price has been a topic of much speculation and analysis, especially as it hovers around the $52,000 mark. While many traders focus on price movements, a deeper dive into Bitcoin’s liquidity reveals a complex ecosystem that underpins the market. CryptoSlate, in collaboration with Kaiko, has delved into the intricate dance of buy and sell
Mining
Bitcoin mining difficulty has been steadily increasing over the past several years, with no signs of slowing down. Just recently, the metric soared to a new all-time high of over 81T, marking an 8.2% increase. This rise showcases the network’s robustness, particularly as the fourth halving approaches. Despite challenges like the Chinese ban on crypto
Ethereum (ETH) is gaining momentum in the cryptocurrency market, inching closer to the $3,000 mark. One of the key factors fueling this upward trajectory is the increasing popularity of ETH staking. With Ethereum 2.0 gaining traction, more investors are opting to lock their ETH into staking contracts. This not only allows them to earn passive
The Chief Investment Officer at Build Asset Management, Matt Dines, has recently identified a classical ‘Cup and Handle’ pattern in the Bitcoin (BTC) price chart. This pattern is considered a strong bullish signal by market analysts and traders. The ‘Cup’ part of the pattern started forming in March 2022 when the price dipped below $48,000,
The influx of Chinese Bitcoin miners in Ethiopia has raised eyebrows in the global cryptocurrency community. Drawn by the allure of cheap energy and favorable climates, these miners have found a new home in the African nation, particularly near the Grand Ethiopian Renaissance Dam (GERD). Following their displacement from China, due to strict regulations, these