Bitcoin (BTC) started the new month in strength and Dec. 1's run up to $59,053 suggests that bulls are beginning to shake off the fears stirred up by the Federal Reserve's taper talks and the emergence of a new strain of COVID-19. Altcoins also saw their prices lift off and early hopes of a potential "Santa Claus rally" are making the rounds on crypto Twitter.Top 7 coins with … [Read more...] about SafePal, Bifrost and Request Network soar after Bitcoin price hits $59K
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Bitcoin Rangebound Between $55K Support and $60K Resistance
Bitcoin’s (BTC) price momentum is improving, which could limit further downside between the $53,000-$55,000 support range.Buyers will need to make a decisive move above $60,000 resistance to yield an upside target toward the all-time price high near $69,000.For now, BTC is trading in a tight range and has been roughly flat over the past week. The relative strength index (RSI) … [Read more...] about Bitcoin Rangebound Between $55K Support and $60K Resistance
Tim Draper on Bitcoin and the Collapse of Fiat
Discussing trade wars and stringent immigration policies, Draper said the U.S. empire was voicing the “last roar of the dying lion,” and was making a final claim to “relevance” on the world stage. “The rest of the world is saying, ‘Hey, look, we got global trade. We’re gonna go wherever we feel that there’s enough freedom and trust.’” Source link … [Read more...] about Tim Draper on Bitcoin and the Collapse of Fiat
Bitcoin Miner Riot Buys Electrical Equipment Provider ESS Metron for $50M
One of the largest bitcoin miners, Riot Blockchain (RIOT), is buying electrical equipment provider ESS Metron for $50 million, consisting of up to 715,413 shares of Riot’s common stock and $25 million in cash, according to a press release.Denver, Colorado-based ESS Metron is a key supplier to Riot’s Whinstone, Texas facility and provides “highly engineered, custom product … [Read more...] about Bitcoin Miner Riot Buys Electrical Equipment Provider ESS Metron for $50M
Marathon Digital Expands Compute North Hosting Deal to Over 100K Bitcoin Miners
Compute North and Marathon Digital extended their hosting agreement to more than 100,000 bitcoin mining machines across the U.S., according to a statement issued on Wednesday. The units will be powered mostly by wind and solar energy.The agreement is an expansion of the companies’ previous hosting deal of 73,000 miners in May.The pact will make Marathon’s mining operations “not … [Read more...] about Marathon Digital Expands Compute North Hosting Deal to Over 100K Bitcoin Miners