Articles for tag: Bitcoin Mining, CleanSpark, Coinbase Prime, Cryptocurrency market, financial independence, operational growth, self-funding

April 16, 2025

CleanSpark Transitions to Self-Funding Model by Selling Bitcoin: A Strategic Pivot for Sustainable Growth and Financial Independence

CleanSpark, a U.S. Bitcoin miner, announced on April 15 that it will begin selling part of its monthly Bitcoin earnings to achieve financial independence. The company has also secured a $200 million Bitcoin-backed credit facility through Coinbase Prime, enhancing its ability to self-fund operations and support future growth. CEO Zach Bradford highlighted that this shift ...

April 16, 2025

Market News

Crypto

Bitdeer Shifts to Self-Mining Bitcoin Amid Tariff Challenges in the US: Latest Industry Report

Bitdeer, a Bitcoin mining company, is expanding its operations in self-mining and U.S.-based production amid global trade tensions. The company is shifting its focus to mining Bitcoin directly due to decreased demand for its mining hardware from other miners. Bitdeer’s head of capital markets, Jeff LaBerge, emphasized the importance of prioritizing self-mining and plans to ...

April 15, 2025

Market News

Crypto

Funding Rate Decline Signals Weakness in DOGE and BCH: What Investors Should Know

On Tuesday, Dogecoin (DOGE) and Bitcoin Cash (BCH) faced declines of 3% and 8%, respectively, driven by increased selling pressure in the futures Market. Despite this downturn, Dogecoin’s spot investors have been actively buying, indicating a divergence in Market sentiment. However, the DOGE derivatives Market shows weakness as funding rates trend negative, placing it at ...

April 15, 2025

Market News

Crypto

Wealthy Investors Drive Bitcoin Trading Surge at Xapo Bank Amid Market Dip

Xapo Bank, a private bank and Bitcoin custodian based in Gibraltar, reported a 14.2% increase in Bitcoin trading volumes during the first quarter of 2025, as high-net-worth clients took advantage of falling prices. Despite Bitcoin experiencing its worst Q1 since 2018, these investors demonstrated a strong belief in its long-term potential. Xapo also became the ...

April 14, 2025

Market News

Crypto

Bitcoin Rallies: Are HYPE, ONDO, RNDR, and KAS Set for the Next Big Move Amid Economic Concerns?

Bitcoin has surged over 7% this week, indicating strong buying interest at lower levels. Analysts are optimistic, with Glassnode reporting significant support at $79,000 and John Bollinger noting a potential W-shaped bottom. Market participants are watching the US dollar’s performance, as a weaker dollar could boost Bitcoin further. If Bitcoin maintains its higher levels, it ...

April 14, 2025

Market News

Crypto

Bitcoin Rallies: Will HYPE, ONDO, RNDR, and KAS Follow Suit Amid Macroeconomic Concerns?

This article discusses Bitcoin’s recent price surge of over 7%, showing strong buying interest despite ongoing macroeconomic challenges. Analysts, including BitMEX co-founder Arthur Hayes and Bollinger Bands creator John Bollinger, suggest that Bitcoin has found solid support around $79,000 and is poised for further gains. As Market watchers anticipate the performance of the US dollar ...

April 13, 2025

Market News

Crypto

Bitcoin’s $74,000 Correction: Analyst Calls It Healthy, Bull Cycle Remains Strong

Bitcoin’s price has surged past $85,000 after a recent dip to $74,000, signaling a strong recovery. Analyst ShayanBTC suggests this price correction could actually be part of a larger bullish trend. By examining the age of unspent Bitcoin transactions, he notes that more coins are being held by long-term investors, which reduces the circulating supply ...

April 12, 2025

Market News

Crypto

BTC Surges to $84.5K as XRP, ETH, ADA Rise 6% Following Trump’s Exemption of Key Tech from Tariffs

Bitcoin (BTC) has increased by over 1.5%, reaching $84,900, as it attempts to end a three-month decline. This uptick follows new tariff guidance from the Trump administration, which has exempted essential electronics like smartphones and computers from certain tariffs. The U.S. imports over $60 billion worth of smartphones annually, indicating a potential easing of trade ...

April 11, 2025

Market News

Crypto

BTC and ETH Show Weakness as XRP Stabilizes: Market Trends and Insights

Bitcoin is currently trading around $80,000 after facing resistance at its previous highs. Ethereum remains steady at about $1,500, having struggled this week. XRP has found support at its 200-day moving average of $1.94, which could signal a potential recovery. The Market shows mixed signals, with Bitcoin displaying indecisiveness in its price movement, and Ethereum ...

April 11, 2025

Market News

Crypto

Bollinger Bands Creator Highlights Bitcoin’s Classic Floor Formation Near $80K: What It Means for Investors

Bitcoin is showing signs of reaching a potential price bottom, according to John Bollinger, the creator of the Bollinger Bands volatility indicator. His recent analysis suggests that Bitcoin’s price behavior mirrors a “W” bottom formation, indicating a possible trend reversal. While the data is promising, Bollinger emphasizes that further confirmation is needed. The current Market ...