Bitcoin’s price was trading between $79,300 and $79,500 on Sept. 7 after a significant rejection from $80,537 left its short-term price action caught between fading momentum and a still-constructive daily trend. The market remains inside a $79,013-$80,537 intraday range, putting those boundaries firmly in the cards as the levels that could determine what comes next. […]
Open interest in altcoin perpetual futures moved above bitcoin’s this weekend for the first time since December 2024, a shift that preceded sharp mid-cap corrections the last time it happened. What Metric Flipped Actually? Aggregate open interest, the dollar value of futures contracts still open, in altcoin perpetuals surpassed the same figure for bitcoin yesterday. […]
As the major Bitcoin sidechain Liquid Network has been paused due to a $320 million hack, the absolute majority of the key players in the network haven’t issued any statements, while L-BTC is now backed by only 4.7% of the required bitcoin, as Blockstream says it’s “safe to return the funds.” In the most recent […]
Eight days before the Senate’s Sept. 15 cloture vote, former federal prosecutor Mariotti says the message from lawmakers and staff in Washington is that the CLARITY Act is dead. What Mariotti Heard Mariotti, a former federal prosecutor, spent the week in Washington and subsequently posted his thoughts on his sojourn, claiming that members of Congress […]
At 9:30 a.m., bitcoin’s price was clocking roughly $79,750 to $80,100 per unit on Sept. 6, stuck in a tight weekend range after its early-September run above $82,000 lost steam. There’s a great deal happening under the surface, though: BTC’s price remains above every listed major daily simple moving average (SMA) and exponential moving average […]
This editorial is from this week’s edition of the newsletter Week in Review, sent to subscribers on Friday. Subscribe to the newsletter to get this weekly editorial the second it’s finished. The newsletter also includes the biggest stories of the week, with a comment on each story. Stocks are up, oil is up, gold is […]
Bitcoin’s second-quarter unplug looked like capitulation. It wasn’t. This article first appeared in Miner Weekly, a weekly newsletter by Blocksbridge Consulting curating the latest news in energy, compute, infrastructure, and data analysis from The Energy Mag. The original article can be viewed here. Public miners analyzed by TheEnergyMag shed an estimated 56 EH/s of realized […]