Bitcoin's price fluctuated around $64,000 after a $225 million outflow from spot bitcoin ETFs, mainly from Blackrock's IBIT fund, ended a week-long inflow streak. The Crypto Fear & Greed Index remains in the fear zone at 27, reflecting investor caution despite bitcoin's recovery from early July lows. The total crypto market cap fell 1.1% to $2.28 trillion, with bitcoin dominance steady at 56.4%. Ethereum also declined, while ether ETFs saw inflows, highlighting a divergence in investor interest. Traders will watch if bitcoin can decisively hold above $64,000 amid ongoing market uncertainty.
Zcash mining currently generates about $708 per megawatt-hour (MWh) of electricity, nearly four times the $179 per MWh earned by Bitcoin mining with comparable equipment. This higher gross revenue is driving new miners and institutional players to Zc...
XRP's price volatility has sharply decreased ahead of the US Senate's vote on the CLARITY Act and the Federal Reserve's interest rate decision, causing the price to stabilize around $1.34–$1.37. Historically, such low volatility phases for XRP have l...
Bitcoin briefly fell to about $76,050 following the release of the US inflation report, which showed a 0.4% increase in the Consumer Price Index for August and a core inflation rise of 0.3%, slightly above expectations. Despite this, Bitcoin quickly ...
Grayscale Research reveals that while Bitcoin miners earn about $35 million daily in total compared to Zcash's $2 million, Zcash mining rigs generate roughly twice the daily revenue of Bitcoin rigs. Additionally, Zcash mining is about four times more...
Cryptocurrency prices exhibit mixed changes, with Bitcoin holding around $77,279 and Ethereum rising 2.7% to $2,527.92. Other altcoins like Solana and Litecoin also show gains, while some tokens experience declines. This varied performance reflects o...
