These Metrics Suggest $180 Was the Local Bottom

Key takeaways: Solana’s double-bottom below $180 signals potential price recovery to $250. Institutional demand for SOL rises with $156 million in weekly ETP inflows, driven by hype for potential Solana ETF approvals. Solana (SOL) price formed a potential double-bottom pattern below $180 on the daily chart, a setup that could help SOL price recover toward…

Why is BNB Down Today? Shakeout Cuts Through Support, Volume Surges on Heavy Selling

BNB, the native token of the BNB Chain that’s also used for discounts on Binance fees, dropped 3.3% in the past 24 hours, falling from $1,117 to as low as $1,063 before stabilizing just below $1,080. The sell-off erased recent gains and cut through key technical levels, according to CoinDesk Research’s technical analysis data model….

‘Flush’, Not Crypto Cycle ‘Failure’

Bitcoin’s four-day drop to $104,000 triggered what analysts call a “defensive rotation” among crypto investors, but onchain data suggests the correction was a healthy reset rather than the start of a broader market crash. Bitcoin (BTC) experienced a four-day crash last week, falling from $115,000 on Oct. 14 to a four-month low of $104,000 by…

‘Flush’, Not Crypto Cycle ‘Failure’

Bitcoin’s four-day drop to $104,000 triggered what analysts call a “defensive rotation” among crypto investors, but onchain data suggests the correction was a healthy reset rather than the start of a broader market crash. Bitcoin (BTC) experienced a four-day crash last week, falling from $115,000 on Oct. 14 to a four-month low of $104,000 by…

Rewards, Hardware, Pools and Energy

What is Bitcoin mining? Bitcoin mining is the process that keeps the BTC network secure and operational. Bitcoin (BTC) miners collect pending transactions, bundle them into blocks and repeatedly perform hashing attempts (trial and error) until they produce a hash that meets the network’s difficulty target. The first miner to find a valid solution broadcasts…

Here’s Why ETH Price Can’t Hold Above $4K

Key takeaways: Declining spot buying and mounting spot Ethereum ETF outflows signal weak demand, risking further losses for Ether. Ether’s bear flag projects a 20% price drop to $3,100. Ether (ETH) fell to $3,800 on Tuesday, after failing to hold $4,000, as spot Ethereum ETF investors continued their net redemptions. This came as the technical…

British Columbia Ban New Crypto Mining Connections

The government of British Columbia is banning new crypto mining connections to the hydro power grid, citing unprecedented electricity demand. In a statement on Monday, the British Columbia (BC) government announced a set of new legislation aimed at stimulating the economy and helping the state-owned electric utility provider BC Hydro address its power availability. “There…

Bitcoin Price Eyes Drop to $74K as Whale Opens Another $140M BTC Short

Key takeaways: Bitcoin’s rising wedge pattern suggests a potential drop to $74,000 if a key support level fails. A new whale has placed $140 million in short bets on BTC. Bitcoin’s (BTC) technical setup suggests a deeper correction to $74,000 is possible, as whales have increased their short exposure to BTC. Bitcoin’s rising wedge targets…

BitMine Buys $250M in Ethereum as Holdings Near 5 Percent Target

BitMine chairman Tom Lee has confirmed the company went on an Ether buying spree after the crypto market saw one of its most significant deleveraging events earlier this month.  “Open interest for ETH sits at the same levels as seen on June 30th of this year, ETH was $2,500, given the expected Supercycle for Ethereum,…

British Columbia Ban New Crypto Mining Connections

The local government of British Columbia is banning new crypto mining connections to the hydro power grid, citing unprecedented electricity demand. In a statement on Monday, the British Columbia (BC) government announced a set of new legislation aimed at stimulating the economy and helping the state-owned electric utility provider BC Hydro address its power availability….