Categories: Bitcoin Latest News

Here is what $100 oil means for Bitcoin network

Research shows that only 8% to 10% of global Bitcoin hashrate runs in oil-sensitive power markets, suggesting that geopolitical shocks may affect BTC prices more than mining costs.Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]

Recent Posts

Bitcoin Bull Thesis Goes Big: 39 Trillion Reasons To Buy, Says Gemini Founder

The Winklevoss twins donated $21 million worth of Bitcoin to a political action committee supporting…

28 minutes ago

Bitcoin Struggles To Reclaim Key Cost Basis As Realized Losses Climb — Details

Since the past week, the Bitcoin price has traded below the cost basis of one…

1 hour ago

History Shows Bitcoin ETF Outflows Favor Accumulation, Says Santiment

Six straight days of outflows from US spot Bitcoin ETFs — totaling $1.26 billion —…

2 hours ago

Bitcoin Forms Risky Head-And-Shoulders Pattern, Points To $44K Target

Bitcoin is experiencing a steady decline, as prices dipped below $60,000 in the past week.…

4 hours ago

Historical Performance Says Bitcoin Price Will Not Bottom Until It Touches This Level

Crypto analyst Chain Mind has indicated that the Bitcoin price has yet to bottom. He…

4 hours ago

Bitcoin tanks to $74,300 as spot ETFs bleed $2.26 billion in two weeks

U.S.-listed spot bitcoin exchange-traded funds have seen more than $2.26 billion in outflows over the…

5 hours ago