Musk Effect #2 May Be a Serious One

Did the Tesla purchase of Bitcoin change market dormancy? On-chain Bitcoin analyst Willy Woo posted a tweet on March 28 showing a Glassnode chart of average Bitcoin dormancy. Musk Effect #1, the effect of his tweets, is not present. Early investors like to take profit...

Miner Hut 8 Purchases $30 Million of Nvidia CMPs

The publicly listed Canadian miner will increase its aggregate operating rate by 1600 Gigahash. Publicly listed Canadian miner Hut 8 announced the purchase of the Nvidia CMPs on March 26. The move helps broaden the company’s mining capacities while maintaining its...
Market Roundup: Bitcoin Rebuilding to $56,000

Market Roundup: Bitcoin Rebuilding to $56,000

Learn more about marking a link as nofollow or sponsored.(Opens in a new browser tab) The weekend started with Bitcoin winding itself upward from $53,500. The market followed, overall. Bitcoin Reloads In today’s market roundup, Bitcoin moved slightly upward as...