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news-imageOctober 9, 2024

Ethiopia harnesses low-cost energy for Bitcoin mining from renewable sources

Ethiopia is quickly becoming a key player in Bitcoin mining, with local operations already consuming 600 MW of power, Ethan Vera, the co-founder and COO of Luxor Mining, reported, citing data from Ethiopian Electric Power. In an Oct.
Publisher: CryptoSlate
Sentiment: Positive
BTC

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Neutral
cover-imageBenzinga
October 9, 2024

Bitcoin To Surpass $80K If Trump Wins But Could Tank To $40K In Case Of Harris Victory: Analysts

Bitcoin (CRYPTO: BTC) could reach $80,000 to $90,000 if Republican nominee Donald Trump wins the U.S. presidential election in November, according to Bernstein analysts. What Happened: Amid a widening divergence in Trump's favor on the prediction market Polymarket, Bernstein analysts, Gautam Chhugani, Mahika Sapra and Sanskar Chindalia, stated in a note to clients on Wednesday that “A Trump win would be incrementally positive for bitcoin and crypto markets.

Negative
cover-imageThe Currency Analytics
October 9, 2024

Marathon Digital Faces Lawsuit Over Bitcoin Mining Noise in Texas, Residents Demand Injunction

Crypto mining giant Marathon Digital Holdings is facing a lawsuit filed by residents of Granbury, Texas, over what they claim is excessive noise pollution from the company's Bitcoin mining operations. Locals allege the noise has severely disrupted their health and quality of life, prompting them to seek legal action and a permanent injunction to halt the mining activities.

Neutral
cover-imageCrypto Economy
October 9, 2024

Bitcoin Short-Term Holders Show Strength, But Futures Volatility Looms Ahead

TL;DR Market Resilience: After a 10% correction, Bitcoin rebounded to $63,000, reclaiming the Short-Term Holder (STH) cost basis of $62,500, showing market resilience despite lighter trading volumes. Key Pricing Levels: The spot price remains above the True-Market Mean ($47,000) and Active Investor Price ($52,500), indicating strong demand support, but small fluctuations can significantly impact profitability.

Negative
cover-imageCryptoSlate
October 9, 2024

Bitcoin dips into bear market zone though realized price shows room for growth to $127,000

Bitcoin's recent market trends prompt questions about whether the early 2024 bull run has ended or if there is still potential for further growth into 2025, aligning with historical post-halving peaks. According to CryptoQuant's Bitcoin Bull-Bear Market Cycle Indicator, Bitcoin has transitioned into a bear phase after an overheated bull period earlier this year.

Negative
cover-imageUToday
October 9, 2024

US Bitcoin Dump Worth $4.3 Billion Incoming, Schiff Sounds Alarm

In a recent twist, the U.S. Supreme Court declined to hear Battle Born Investments' lawsuit against the government over 69,370 BTC seized in the Silk Road darknet marketplace case, paving the way for authorities to sell all seized crypto assets. This amount of BTC can currently be valued at $4.3 billion.

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