Bitcoin Updates: As Cryptocurrency Faces Challenges, Miners Turn to AI for Adaptation
- Bitcoin fell to $98,000 amid surging futures liquidations, with long-term holders offloading 815,000 BTC as key support levels face breakdown risks. - Miners like Bitfarms pivot to AI infrastructure amid shrinking crypto profits, reflecting industry-wide strategic shifts toward stable revenue streams. - U.S. miners struggle with 36-40% hashrate share despite crypto-friendly policies, relying on state-level energy initiatives rather than federal support. - Market analysis highlights $98,000 liquidity clus
Last week, Bitcoin’s value fell to $98,000 as a surge in futures liquidations heightened fears among bullish investors about a possible drop beneath crucial support zones. This downturn came after Bitcoin failed to reclaim the $100,000 mark, with long-term holders selling more than 815,000 BTC over the past month,
The latest wave of selling has exposed underlying vulnerabilities in Bitcoin’s market structure.
At the same time, the broader
Political factors are adding further complexity. Although the Trump administration promoted a crypto-friendly climate for adoption and institutional investment,
The ongoing liquidation pressure and structural concerns have fueled discussions about a possible rebound. Futures trader Byzantine General
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ALGO experienced a 16.57% quarter-over-quarter decline due to product transitions and fluctuations in the market.
- ALGO fell 16.57% QoQ amid market volatility and product transition challenges at Alargo. - Alargo replaced Akaroid with NHD, achieving 80% YoY sales growth through direct doctor engagement. - AXI's margin optimization doubled contribution per piece despite 60% volume decline from low-margin delistings. - ARCO Pharma's rebranding and scientific training aims to strengthen pharmacist relationships and market position. - Analysts note long-term margin potential but warn of short-term revenue risks from tran
BCH Drops 1.35% Today as Loan Expansion Slows and Profitability Faces Challenges
- BCH fell 1.35% in 24 hours amid weak loan growth and reduced inflation adjustment income, with 60% revenue tied to net interest income. - Institutional holdings rose 12.75% but shares held dropped 3.53%, as Bridge Builder increased exposure while Baillie Gifford cut holdings by 289.93%. - Goldman Sachs maintains Neutral rating with 0.70% upside, while backtesting shows mixed post-earnings performance with limited statistical significance from two data points.
ZEC drops 5.9% over 24 hours as significant institutional funds flow in
- Zcash (ZEC) fell 5.9% in 24 hours amid a 20.64% 7-day drop, but gained 768.62% over one year. - Cypherpunk Technologies acquired 1.25% of ZEC supply via a $58.88M Winklevoss Capital-backed investment, aiming to accumulate 5% total supply. - Tyler Winklevoss positioned Zcash as "encrypted Bitcoin ," emphasizing privacy-driven value transfer and potential to capture Bitcoin's market share. - Technical analysis shows ZEC breaking key support levels with RSI near neutrality, while institutional activity reve
LUNA Drops 2.7% Over 24 Hours as Overall Market Shows Signs of Weakness
- LUNA fell 2.7% in 24 hours to $0.0788, continuing a 12.29% weekly and 15.2% monthly decline. - Technical indicators show bearish momentum, with RSI below key support and MACD in negative territory. - The drop reflects broader market caution and waning investor confidence amid persistent risk-off behavior.