Bitcoin's price fell sharply to $59,175, triggering over $1 billion in cryptocurrency liquidations affecting around 178,000 traders. This decline is driven by ETF outflows, large Bitcoin sales by Strategy Inc., and geopolitical tensions involving Iran. The drop marks Bitcoin's lowest level since late 2024 and raises concerns about further downside if the $59,000–$60,000 support fails. Investors should watch ETF flows, institutional sales, Federal Reserve decisions, and geopolitical developments for future price direction.
ETHFI surged 7.8% in 24 hours to $0.7345, leading crypto gainers despite a 2.1% drop in the total market cap. Bitcoin remains dominant at 58.2% with a price around $77,277. The rise in ETHFI reflects growing investor interest in restaking tokens and ...
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...
