Tag: Bitcoin

Bitcoin Mining Squeeze Narrows Viable Operators: CoinShares

admin

Bitcoin mining economics are tightening to levels that are pushing a portion of the global fleet below profitability, according to a report from asset manager CoinShares.  In its Bitcoin mining report for Q1 2026, CoinShares said hashprice, a key measure of miner revenue, fell to around $28 per petahash per second per day (PH/s/day) in February 2026, marking a new post-halving low and compressing margins across the sector.  At the time of writing, mining data provider Hashrate Index shows that hashprice has recovered to about $33 PH/s/day, though it remains…

Bitcoin Must Face Quantum Threat to Beat Ethereum

admin

Crypto entrepreneur Nic Carter has urged Bitcoin developers to catch up on quantum resistance or risk losing out to Ethereum, which already has a post-quantum roadmap.  Elliptic curve cryptography (ECC) is the math that keeps Bitcoin (BTC) secure. Users pick a secret number (private key) and, using a special curved line and simple multiplication rules on that line, can quickly create a public address that everyone can see. There are fears that quantum computers will have the ability to break this cryptography. The Bitcoin community is split on how to…

Bitcoin Depot Appoints Ex-MoneyGram Boss as CEO

admin

Bitcoin Depot has named the former CEO of payments giant MoneyGram as its new boss amid mounting regulatory pressure from US states over crypto ATM’s use in scams and money laundering.  The company said on Tuesday that Scott Buchanan had immediately stepped down as CEO, a role he served in for less than three months after starting on Jan. 1. It added in a regulatory filing that his resignation “was not due [to] a disagreement.” Bitcoin Depot appointed Alex Holmes, who was already a board member, as CEO and chair.…

Bitcoin Price Hits Barriers, Can Bulls Overcome Key Resistance Levels?

admin

Bitcoin price started a recovery wave above $70,000. BTC is now consolidating above $70,200 and might aim for a steady increase if it clears $71,650. Bitcoin started a decent recovery wave above $69,800 and $70,200. The price is trading above $70,200 and the 100 hourly simple moving average. There is a bullish trend line forming with support at $70,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it stays below the $71,000 and $71,650 levels. Bitcoin Price Faces Hurdles…

$18.6B Monthly Bitcoin Options Expiry Could Kickstart Rally To $75K

admin

Key takeaways: Over 90% of Bitcoin call options may expire worthless if the price fails to break above $71,000 by Friday. Traders fear rising inflation and worsening credit conditions as the US and Israel-Iran war continues. Bitcoin (BTC) has been stuck in a narrow range between $67,700 and $71,600 over the past week, closely following how the US stock markets reacted to the US and Israel-Iran war. Traders have high hopes that the upcoming $18.6 billion Bitcoin monthly options expiry on Friday could provide the bullish momentum needed to break…

Bitcoin rally hits wall as Iran clowns US talks

admin

Bitcoin’s push toward $72,000 stalled after Iran rebuffed ceasefire chatter, insisting that no talks have occurred since the war began in late February, state media FARS reported Wednesday. These comments directly oppose President Donald Trump’s claim on Monday that diplomatic talks were underway. Citing the discussions’ positive tone, Trump announced a five-day pause on any military strikes against Iran’s power and energy facilities while negotiations continue to move forward. Despite offers from regional and international mediators, Iran said it would continue its military defenses. Bullish momentum faltered as Iran shot…

Bitcoin Rallies After Iran Strikes but Safe Haven Role Unproven

admin

Before the Iran war broke out, Bitcoin spent months trading sideways while gold rallied to record levels. At the time, gold was seen as the go-to safe haven; inflation concerns remained persistent and geopolitical tensions continued to build, while Bitcoin (BTC) failed to live up to that role. Nearly a month after the US and Israel launched the first strikes on Iran on Feb. 28, that view is being challenged. Bitcoin initially fell to $63,176 on the news of the attacks but has since risen about 12% to $71,012, as…

Bitcoin Rebounds 4% on Iran Ceasefire Hopes but Faces $72K Resistance

admin

Bitcoin (BTC) rose back above $71,000 during the early Asian trading hours on Wednesday after Trump’s administration offered a 15-point plan to Iran to end the war, sparking short-term optimism across risk assets. Key takeaways: Bitcoin bounces 4% to $71,500 after President Trump sent Iran a 15-point proposal aimed at ending the war.  Bitcoin faces stiff resistance above $72,000.  Bitcoin jumps 4% on ceasefire hopes Data from TradingView showed BTC price rose as much as 4% to an intraday high of $71,300 from Tuesday’s low of $68,890, recouping all the…

Bhutan Moves 519 Bitcoin as Sovereign Wallet Drawdown Continues

admin

Bhutan moved more Bitcoin from its state-linked wallet on Wednesday, extending a March drawdown in its sovereign holdings. Arkham data showed a Bhutan government-linked wallet transferred about 519.7 BTC, worth roughly $36.7 million, to two wallets on Wednesday. Onchain Lens said one of the destination wallets was linked to trading firm QCP Capital. The move marked the Bhutan-tagged wallet’s third large Bitcoin transfer in March, following the $72 million moved in six separate transactions in the 24 hours leading up to March 18, and the $11.8 million moved on March…

Irish Authorities Recover Millions in Bitcoin From Lost Wallet

admin

Irish national police say they have cracked one of 12 Bitcoin wallets linked to a convicted drug dealer, years after they were confiscated and their access codes were thought to be gone forever. Ireland’s Criminal Assets Bureau (CAB) said in a statement on Tuesday that it had “gained access to and seized a cryptocurrency wallet” containing 500 Bitcoin (BTC), worth more than $35 million, with the help of Europol’s European Cybercrime Centre. “Europol hosted operational meetings at its headquarters in The Hague, the Netherlands and provided critical support to Bureau…