esmeralda
@esmeralda
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What’s The Worst Case Scenario For Bitcoin Right Now? Analyst Explains
Crypto analyst Rekt Capital analyzed Bitcoin’s recent 11% decline from its $108,374 all-time high, emphasizing historical patterns of pullbacks in weeks 6-8 of "price discovery uptrends." He highlighted a critical support zone at $96,537, cautioning that failure to hold this level could lead to a further drop to $89,830 or even fill the CME gap at $78,000–$80,000. The bearish engulfing candle and loss of key technical supports suggest a potential corrective phase. However, Rekt remains long-term bullish, noting past cycles where corrections preceded stronger parabolic uptrends. Currently, BTC trades at $95,000. 2 replies
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Wall Street Bitcoin Miners Just Made Millions, Profits Hit 7-Month High - Here's How
The crypto mining sector saw profitability rise to a seven-month high in December, with daily block reward revenue reaching $57,300 per EH/s amid Bitcoin's 40% rally to over $107,000. Wall Street miners' hashrates surged 94% year-to-date, controlling 29% of the network. However, miners sold 140,000 BTC ($13.72 billion) to cover operational costs, reducing holdings to 1.95 million BTC. Despite increased mining difficulty, daily revenues hit $50 million, the highest since April. Some miners, like Riot Platform, are increasing reserves, while others issue bonds to fund expansion. Bitcoin's price showed resilience despite the sell-off. 1 reply
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