Bitcoin is experiencing a notable surge in U.S.-based interest just days before President-elect Donald Trump’s inauguration. Onchain data from CryptoQuant confirms a rebound in key market metrics, with optimism growing around potential pro-crypto policies under the new administration.
Read MoreBitcoin mining, once a lucrative endeavor, is facing unprecedented challenges amidst the current volatility in the cryptocurrency market. Recent analyses underscore the precarious financial position many miners find themselves in, highlighting the potential for significant industry consolidation if BTC prices continue to decline.
Read MoreUnlike previous Bitcoin halving events, the fourth halving saw a distinct change. While miners now receive reduced block subsidy rewards from 6.25 BTC to 3.125 BTC, they still earn additional rewards from transaction fees per block.
Read MoreAccording to the recent weekly report from Bitfinex, there are indications that the selling pressure from short-term holders in the Bitcoin (BTC) market might be diminishing, potentially paving the way for a quicker price recovery than previously anticipated.
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