A solo miner with just 2.3 petahashes successfully mined a Bitcoin block on Thursday, netting them $349,028 in rewards.
Crypto analyst Rekt Capital says that while there’s a lot of talk about the Bitcoin cycle extending into 2026, traders should not “throw away time-tested principles.”
A crypto analyst suggests that a drop to $108,000 could mark the beginning of Bitcoin’s fall back below the six-figure price level.
Bitcoin miners strategically curtailed operations in June to avoid costly peak demand charges in Texas, sacrificing short-term production for lower costs.
Bitcoin charts show bearish divergences across multiple time frames, a hint that price rallies above $110,000 could be a trap.
Vitalik Buterin’s presentation at the EthCC event comes amid an inflection point for the crypto industry as it attempts to reconcile growth and the Cypherpunk ethos.
Traders say Bitcoin will benefit from the proposed $5 trillion increase to the US debt ceiling, but data could suggest otherwise.
Bitcoin’s onchain and technical data suggest that the upside is not over for BTC price.
Bitcoin’s bullish outlook strengthens as the US dollar drops 10.8% in its worst H1 performance since 1973.
A move to $116,000 represents a 6.45% jump from Bitcoin’s price at the time of publication.