Bitcoin's price is near $63,500, aligning closely with the average cost to mine one BTC, causing miners to break even on average. This price level reflects a critical threshold where less efficient miners may shut down due to unprofitability. The market has seen a recent dip to $59,100, lowering Bitcoin's market cap below $1.2 trillion, with mining profitability at a 14-month low. Despite short-term pressure, historical trends suggest Bitcoin's price tends to rebound after hitting production cost floors, though future movements depend on broader economic and geopolitical factors.
Hyperliquid allocates over 90% of its trading fees to an Assistance Fund that buys HYPE tokens, creating strong buy pressure and reducing supply. This strategy helped HYPE reach an all-time high near $75, outperforming major cryptocurrencies like Bit...
Bitcoin is attempting a short-term recovery after a recent sharp pullback, with traders closely watching the $61,000 support zone. A strong bounce from this level could lead to a move toward $65,000-$67,000, supported by a potential inverse head-and-...
Bitcoin recovered from a recent dip near $59,000 to trade above $62,000, briefly testing resistance at $64,156. The recovery is fragile due to weak demand and awaits confirmation from stronger futures market participation and upcoming US inflation re...
Bitcoin's price dropped about 14% last week, hovering near $63,000, as investors await SpaceX's public offering on June 12, seen as a key market indicator. The IPO's reception may signal risk appetite shifts affecting both crypto and equities. Meanwh...
Arthur Hayes, co-founder of BitMEX, argues that rapid AI spending has absorbed liquidity that might have otherwise flowed into Bitcoin and other cryptocurrencies. His family office, Maelstrom, recently sold several altcoins including HYPE, NEAR, WLD,...
