Bitcoin | Crypto

Mining margins weaken as hash price declines and rig payback periods stretch, even as listed miners rally on analyst upgrades and new HPC agreements. Profitability across the Bitcoin mining industry is facing new strain amid rising network competition and declining revenue conditions. Bitcoin miners are facing a fresh squeeze as the network’s hashrate — a measure of the total computing power competing to secure the Bitcoin network — climbed to a record 1.16 ZH/s in October while Bitcoin’s (BTC) price fell toward $81,000 entering November, according to a report by The Miner Mag. Hashprice, which tracks miner revenue per unit of computing power, fell below $35 per hash, dropping under the $45/PH/s median total hashprice reported by public mining companies. The decline leaves several operators approaching breakeven levels. Read more

For all the talk that this cycle is somehow “different,” the structure of Bitcoin’s market still looks unmistakably cyclical to me. Each top brings the same chorus claiming the cycle model is dead, and each cooling phase renews the idea that liquidity alone now sets the trajectory. But the evidence keeps pointing the other way. […] The post My medium term Bitcoin bear thesis – and why this winter could be the shortest yet appeared first on CryptoSlate.

One analyst said that Bitcoin’s dip to $80,000 marked the bottom and that there is a 91% chance that the current trend reversal will send BTC price back to $118,000. Bitcoin (BTC) traders are navigating through one of the fastest capitulation events since late 2022, but one market analyst argued that historical data confirms that $80,000 was the bottom. Key takeaways: A Bitcoin analyst assigned a 91% probability that BTC will not see a weekly close below the current lows. Read more

Bitcoin reclaimed $86,000 as the US dollar strengthened, but one analyst warned the rally may be structurally weak. Bitcoin (BTC) held above $86,000 on Monday after recovering steadily over the weekend from Friday’s flush to $80,600, its lowest price since April. The rebound came as traditional markets opened the week on a cautious footing, with the US Dollar Index (DXY) steady above 100, hovering near a six-month high. Key takeaways: The US Dollar Index held 100 after a blowout Nonfarm Payrolls (NFP) print of 119,000 against 53,000.  Read more

Bitcoin found its latest floor when it dropped to nearly $80,000 last week, the latest BTC price prediction by ex-BitMEX CEO Arthur Hayes said. Key points: Bitcoin should have bottomed out at $80,000 last week, according to former BitMEX CEO Arthur Hayes. Liquidity conditions are poised to turn in the crypto bulls’ favor, with the US Federal Reserve set to end QT. Read more

Bitcoin analyst James Check argued Bitcoin’s quantum risk is chiefly a consensus dilemma — not a tech one — because the network is unlikely to freeze legacy coins. James Check, founder and lead analyst at Bitcoin onchain analysis service Checkonchain, said Monday that the quantum threat is more of a consensus problem than a technology issue. In a Monday X post, Check claimed that “there is no chance we come to consensus to freeze” Bitcoin (BTC) that is not moved to quantum-resistant addresses, with development politics limiting the community’s ability to react. This means that a large amount of lost Bitcoin will flood the market as old addresses are compromised when quantum computer attacks become feasible. BitBo data shows that 32.4% of all Bitcoin has not been moved in the last five years, 16.8% in over 10 years, 8.2% in seven to 10 years and 5.4% in five to seven years. How much of those assets are actually lost or inaccessible, and how many are kept in storage for is subject to debate. Read more

Bitcoin bounced off $85,000 over the weekend and stayed within the $87k to $89.6k decision zone. The move keeps price pinned between nearby liquidity shelves on the attached 30-minute map, with the first overhead cap clustered at $92.8k to $93.4k and a ladder of supports down through $84k, $82.5k to $81.5k, and the $79k shelf. […] The post Crossroads for Bitcoin: What’s next – $92k or $79k? Let’s break it down appeared first on CryptoSlate.

Despite a steep drop in its share price, Strategy’s Bitcoin stack is in the green and it continues to outperform top tech equities over time. Update Nov. 24, 1:20 pm UTC: This article has been updated to add comments from Kyle Rodda, senior market analyst at Capital.com. Bitcoin investor Strategy is facing a rough stretch this year, prompting speculation that its high-conviction Bitcoin play is coming undone. A look beyond the one-year chart tells a different story. Google Finance data shows that Strategy (MSTR) stock is down almost 60% over the last year, and has declined by over 40% year-to-date (YTD). The stock traded near $300 in October, before dropping to about $170 at the time of writing. Read more

Bitcoin bulls began to eye higher BTC price levels as sentiment reversed to the upside ahead of a turbulent macroeconomic data week. Bitcoin (BTC) heads into the November monthly close hanging by a thread below $90,000. Bitcoin traders hope for a modest recovery and even a return above the $100,000 mark after a brutal sell-off. BTC price action still has to contend with the aftermath of its latest “death cross” on daily time frames. Read more

Bitcoin showed signs of recovery after nearing $82,000 on Friday, with analysts noting easing selling pressure and rising Fed rate cut expectations. Crypto market analysts are confident that Bitcoin’s recovery could continue as the cryptocurrency has begun to move higher since its bottom at just above $82,000 on Friday. Tech stocks and crypto markets dumped over the past two weeks “because of the market flip-flopping on expectations for a rate cut,” Capriole Fund founder Charles Edwards posted to X on Monday. “As the market reverts, expect it will carry Bitcoin somewhat higher,” he added. Read more

Bitcoin open interest has seen a sharp decline in the last month, which one analyst says could form a “solid bottom” for it to climb back from. Bitcoin open interest has dropped off as the cryptocurrency’s price has slid over the past month, which an analyst argues could see Bitcoin hit a bottom and spark a “renewed bullish trend.” Open interest in terms of Bitcoin (BTC) has seen its “sharpest 30-day drop of the cycle” at around 1.3 million BTC, currently worth $114 billion with Bitcoin trading at $87,500, analyst “Darkfost” posted to CryptoQuant on Sunday. The cascading price of BTC over the past few weeks “continues to trigger liquidations,” pushing traders to double down or readjust their strategies. However, it now appears investors are halting futures trading to “reduce risk exposure. Read more

Jan van Eck says quantum computing could threaten Bitcoin's encryption and privacy, and his firm “will walk away” if it’s “fundamentally broken.” Bitcoin’s encryption and privacy could be at risk from quantum computing, but it is still a good investment for now, says Jan van Eck, CEO of investment manager VanEck. “There is something else going on within the Bitcoin community that non-crypto people need to know about,” van Eck told CNBC on Saturday. “The Bitcoin community has been asking itself: Is there enough encryption in Bitcoin? Because quantum computing is coming.” He said that the company believes in Bitcoin (BTC), but it was around before the cryptocurrency launched and “will walk away from Bitcoin if we think the thesis is fundamentally broken.” Read more

The tension erupted following news that Strategy and other crypto treasury companies would likely be excluded from major market indexes. The backlash against financial services company JP Morgan from the Bitcoin (BTC) community and supporters of BTC treasury company Strategy continued to swell on Sunday as calls to “boycott” JP Morgan grew. The anger from the Bitcoin community followed news that the MSCI, formerly Morgan Stanley Capital International, an index company that sets criteria for index inclusion, is likely to exclude crypto treasury companies from its indexes in January 2026. JP Morgan shared the MSCI news in a research note. “I just pulled $20 million from Chase and suing them for credit card malfeasance,” real estate investor and Bitcoin advocate Grant Cardone said in response to a call to boycott the financial services giant. Read more

The rising volatility suggests a potential return to levels seen before the launch of BTC exchange-traded funds, which dampened volatility. Bitcoin’s (BTC) price volatility has surged over the last two months, signaling a potential return to options-driven price action that sparks large market moves in both directions. Bitcoin’s implied volatility never broke past 80% after Bitcoin ETFs were approved in the United States, according to Jeff Park, a market analyst and advisor at investment firm Bitwise. However, a chart shared by Park shows that Bitcoin’s volatility is creeping back up to about 60 at the time of this writing. Read more

Influencers on X love pointing to rising M2 charts or a softening dollar as proof that Bitcoin is about to blast off. Those overlays make for great engagement, but they flatten a far more complex relationship. They matter, but not in the simple, linear way they’re often sold. Money printing, which increases the global M2 […] The post How M2 money supply and the dollar REALLY move Bitcoin price – The truth influencers aren’t telling you appeared first on CryptoSlate.

Bloomberg’s Eric Balchunas says Zcash could dilute political and cultural support for Bitcoin, as critics accuse the privacy coin of manufactured hype. Bloomberg Senior ETF Analyst Eric Balchunas has warned that Zcash may adversely impact Bitcoin at this crucial moment. In a recent post on X, Balchunas said Zcash (ZEC) has “third-party candidate vibes, like Gary Johnson or Jill Stein,” arguing that pushing a separate privacy coin risks “splitting the vote” when Bitcoin (BTC) needs unified political and cultural support. Balchunas’s comment comes as the Bitcoin vs Zcash debate intensifies. Arman Meguerian, founder and CEO of Timestamp, dismissed the idea that BTC supporters are pivoting to Zcash. “I don't know a single Bitcoin maxi that thinks about Zcash at all,” he wrote on X. Read more

Lyn Alden says Bitcoin is unlikely to face a major crash because the market hasn’t reached euphoric conditions. The post No “Big Crash” in Sight for Bitcoin, Says Macro Analyst Lyn Alden appeared first on Cryptonews.

In 2019, Rodolfo Novak sent a Bitcoin transaction from Toronto to Michigan without internet or satellite. He used a ham radio, the 40-meter band, and the ionosphere as his relay. Nick Szabo called it “Bitcoin sent over national border without internet or satellite, just nature’s ionosphere.” The transaction was tiny, the setup finicky, and the […] The post Did you know Bitcoin can stay alive without the internet? appeared first on CryptoSlate.

Bitcoin being widely used for daily payments in the future is just “out-of-the-money-option value upside,” according to BlackRock’s head of digital assets Robbie Mitchnick. BlackRock’s head of digital assets, Robbie Mitchnick, said that most of the world’s largest asset managers’ clients aren’t considering Bitcoin’s use for daily payments when deciding whether to invest in the asset. “I think for us, and most of our clients today, they’re not really underwriting to that global payment network case,” Mitchnick said during a podcast interview published to YouTube on Friday. “That’s sort of maybe out-of-the-money-option-value upside,” Mitchnick said. Read more

Veteran trader Peter Brandt predicts Bitcoin won’t tap $200,000 until 2029, Scott Bessent seen at Bitcoin bar: Hodler’s Digest The Bitcoin community lit up on Thursday after US Treasury Secretary Scott Bessent made an unannounced appearance at the launch of Washingtons new Bitcoin-themed bar, Pubkey. Having the Secretary of the Treasury at the Pubkey DC launch seems like a moment I could easily look back on and say wow, it was all so obvious, Bitcoin treasury company Strives chief investment officer Ben Werkman said in an X post on Thursday. Steven Lubka, Nakamotos vice president of investor relations, called it the sign you have been waiting for. Read more