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BTC Halving – 908 Day Count DownSurprisingly, China has banned crypto transactions for the ….. 100th time, paving way for the digital yuan (personally I can’t see this catching on).Bitcoin Fundamental & Technical Report – 30th September 2021It appears as though the Chinese government is attempting to prevent citizens from accessing methods to move money freely overseas during a time of great uncertainty in their economy. Not only is the property market coming under pressure, but also the energy...
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What does is cost to MINE 1 BTC? 23rd September 2021 Before we get into the juicy information, let’s first take a look at the current market conditions. BTC Fundamental & Technical Update The negative economic news coming from China has weighed on all financial markets this week, including BTC. Risk assets declined due to fears of a contagion event spreading from Evergrande (Chinese property developer), who are preparing to default on their loan obligations later today. Evergrande...
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Cathie Woods the Chief Exec of ARK has called for a $500k target for BTC in just a few years – Here is why…   BTC – Technical and Fundamental Report US regulatory pressures continue to increase in the crypto space. Here at Miningstore we only see this news as positive as regulation provides clarity and investor safeguards. This would also suggest the US government is anticipating cryptos to become widely adopted in the community. Increased regulation also...
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BTC HODLers are on the rise! Bitcoin – Technical and Fundamental Update Bitcoin has faced a week of consolidation between the 46-50k range, although price action this morning has taken a sharp bullish turn to the upside. The crypto rally is being led by ETH which has moved roughly 15% shy of the record high back in May 2021. As of writing this email, BTCUSD is retesting the 50k resistance with positive technical signs indicating another move higher...
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As highlighted last week, the BTC network reset resulted in a 7% jump in mining difficulty. Last week the BTC network reset resulted in a 7% jump in mining difficulty as the overall network hash rate continued to climb. The recovery can be attributed to Chinese miners finding sites to deploy their rigs and other investors expanding their own mining operations to take advantage of the current mining climate. BTC enjoyed another positive week reaching highs of $48k...
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