Bitcoin Hashrate Hits Record High as Prices Drop Below $55K
As bitcoin dipped below $55K this week, something quite interesting happened behind the scenes. On Sept. 7, 2024, the network’s computational power hit a new lifetime high. The seven-day simple moving average (SMA) for B...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin NewsRelated market context
Bitcoin faces a new macro test as Fed Chair Kevin Warsh highlights sticky inflation metrics
Bitcoin has 54% as a new macro number to defend against, the share of the personal consumption expenditures basket that Federal Re...
Robinhood Chain daily DEX volume hits new all-time high as memecoins and tokenized stocks collide
Robinhood Chain's rapid growth highlights the potential for regulated brokerages to reshape DeFi, merging traditional finance with...
Bitcoin miners are no longer pure crypto proxies and are morphing into high-performance computing hubs
Bitcoin gained 21.5% from the Aug. 17 close through Aug. 21, yet six of seven large US-listed miners finished the same trading str...
Ethena is targeting the $120 trillion Wall Street stock market to hunt yields 5x higher than Bitcoin
Ethena is expanding USDe into equity perpetual-basis trades, targeting funding yields more than five times higher than Bitcoin’s a...
Bitcoin Drops Below $78,000 After Warsh Speech
Bitcoin fell through $78,000 on Friday afternoon, giving up almost all of a weekly gain that had reached double digits, as investo...
Crypto stock tokens barely move over weekend, revealing markets become illiquid when Wall Street goes offline
Coinbase’s new B20 stock tokens on Base place Apple, Alphabet, Meta and Nvidia-linked exposure on a blockchain that keeps trading...