JPMorgan Chase Forecasts a Drop in Bitcoin Mining Costs to $45,000JPMorgan Chase revealed that the estimated cost of Bitcoin mining has fallen to $45,000 due to inefficient miners leaving the market. The firm had previously predicted a notable drop in computing power post-halving as unprofitable min

1. BTC Market TrendFrom May 13 to 15, the BTC price swung from $60,605.26 to $66,415.2, a 9.59% range. Here are key points from Federal Reserve (Fed) Chairman Powell’s speech:1) Rate Outlook: Powell reiterated that interest rates may remain high for a while, unlikely to rise further, with the policy

MSCI Inc. (NYSE: MSCI), a prominent provider of global equity indices and investment decision support tools, disclosed the outcomes of its May 2024 Index Review for the MSCI Equity Indexes this Tuesday. These significant updates are slated to take effect by the close of May 31, 2024, marking a pivot

Bitcoin prices surged today, buoyed by a favorable CPI report, reaching a fresh weekly peak surpassing $65,000.Source:www.innova.com.trOn May 15, Bitcoin surged to $65,150 following the Wall Street opening, driven by the release of the Consumer Price Index data and its potential impact on interest r

El Salvador Harnesses Volcanic Geothermal Energy to Mine 474 BitcoinSince 2021, El Salvador has successfully mined 474 Bitcoin, worth $29 million, using geothermal energy sourced from the Tecapa volcano. The operation employs 300 processors and draws 1.5 megawatts (MW) from the 102 MW produced by a

On Tuesday, the Nasdaq and Toronto Stock Exchange-listed Bitcoin mining company, Bitfarms, announced a significant expansion of its operations in Paraguay. The company secured an additional 100 megawatts (MW) of power from Paraguay’s state-owned utility firm, ANDE, which will double the capacity of

Bitcoin futures and options indicators are holding steady even though BTC swiftly rejected the $63,500 level. Source: www.securities.ioOn May 14, Bitcoin experienced a 3.3% drop, testing the $61,000 support level, which was promptly defended. This marked the second unsuccessful attempt within a week

Wisconsin Allocates $164M to Spot Bitcoin ETFs, According to State ReportsA recent SEC filing disclosed that the entity overseeing Wisconsin's state trust funds has made substantial investments in cryptocurrency. It possesses over 2.4 million shares in BlackRock iShares Bitcoin Trust (IBIT) and more

Russian authorities are considering the implementation of severe penalties for crypto miners operating from residential locations, as part of a comprehensive strategy aimed at curbing electricity misuse and maintaining stability within the national power grid. These fines, discussed by a government-

Traders are eyeing a robust rebound in Bitcoin's price, fueled by historical performance data and the expectation that the Federal Reserve will pump our bags. This sentiment suggests optimism for Bitcoin surpassing $80,000.Source: diken.com.trOn May 13, Bitcoin experienced a 3% price surge as crypto