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Russian Bitcoin Miners: Industrial Players ‘Mined BTC 54,000 in 2023’
Russian Bitcoin Miners: Industrial Players ‘Mined BTC 54,000 in 2023’

Industry chief says Russian Treasury is in for a multi-million dollar tax windfall from BTC miners

CryptoNews·2024/09/05 01:39
Tether Partners with Reku to Foster Crypto Literacy in Indonesia
Tether Partners with Reku to Foster Crypto Literacy in Indonesia

Tether partners with Reku to promote crypto literacy in Indonesia through a roadshow across ten cities.

CryptoNews·2024/09/04 23:24
Flash
  • 16:51
    Should Bitcoin exceed $96,000, the cumulative short liquidation intensity across major CEXs will reach $1.143 billion
    On April 29, according to Coinglass data, if Bitcoin exceeds $96,000, the cumulative short liquidation intensity across major CEXs will reach $1.143 billion. Conversely, if Bitcoin falls below $94,000, the cumulative long liquidation intensity across major CEXs will reach $659 million. Note: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of liquidated contracts. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to adjacent clusters, i.e., the intensity. Therefore, the liquidation chart illustrates the extent to which a subject price reaching a certain level will be affected. A higher "liquidation bar" indicates a stronger reaction due to liquidity surges when the price reaches that point.
  • 16:27
    Trader Eugene: Negative News Has Limited Impact on BTC, Market Structure Remains Solid
    Trader Eugene stated in his community that despite a series of negative news affecting the market recently, including uncertainty in tariff negotiations, MicroStrategy (MSTR)'s decreased purchasing power of BTC, and escalating military tensions between India and Pakistan, BTC's price remains stable at a high of $95,000. This suggests that the structural shift in the market remains solid, and pullbacks are seen as buying opportunities. The trader emphasized that apart from mainstream cryptocurrencies, he is currently most optimistic about SOL and XRP. Overall, market sentiment is uneasy, but it is essential to go with the trend.
  • 16:14
    Analysis: As Bitcoin Rises, "Speculative Funds" Return to the Market
    On April 29, Cointelegraph reported that as Bitcoin rises, short-term Bitcoin holders (STHs) are returning to the market, marking the entry of "speculative capital." Glassnode indicates a surge in Bitcoin "hot capital." As BTC prices hover at multi-month highs, new investors are entering the market. Glassnode noted that the amount of Bitcoin transferred in the past week has reached its highest level since early February. This metric reflects the activity of short-term holders and serves as a reference for measuring the entry of speculative capital into the market. Over the past week alone, "hot capital" has grown by more than 90%, approaching $40 billion. Since the local low at the end of March, "hot capital" has cumulatively increased by $21.5 billion, highlighting changes in market sentiment due to this "surge in capital turnover."
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