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bitcoinist.com Bitcoin On-Chain Metrics Crash To Bear Market Levels Despite Price Sitting Close To ATH

Bitcoin’s price action is still above the $100,000 threshold and within striking distance of its all-time high at $111,700, but its on-chain activity tells a completely different story. According to the latest report from on-chain analytics firm Glassnode, even though Bitcoin’s price is pushing to new heights, underlying blockchain metrics have slipped into territories more […]

news.bitcoin.com Analysts: China Should Introduce Yuan Alternatives to Combat Dollarization Driven by Stablecoins

According to analysts, one alternative for China to combat the impending stablecoin-based dollarization and its unintended consequences is the issuance of a yuan stablecoin. This token could originate in Hong Kong, which has already enacted regulations for such instruments. Analysts: China Has the Option to Fight Dollarization With Yuan Stablecoin The U.S. government’s push for […]

bitcoinist.com Bitcoin Dominance Breaks Previous High As MidEast Conflict Escalates – Altcoins Under Pressure

Bitcoin has officially lost the $103,600 support level following shocking geopolitical developments. The US military reportedly launched attacks on Iran’s nuclear facilities, triggering widespread panic and risk-off behavior across financial markets. The crypto space was no exception. Bitcoin, which had been holding above key support for weeks, rapidly sold off as fear gripped traders and […]

news.bitcoin.com Russia Predicted to Emerge as the Second Global Bitcoin Mining Power

The bitcoin mining industry in Russia has the opportunity to rise and secure the second spot in bitcoin hashrate, according to GIS Mining’s Vasily Girya. Even with the recent restrictions, Girya states that the entrance of new, larger economic groups will invigorate the Russian mining ecosystem. Despite Current Headwinds, Russia May Rise as Second Bitcoin […]