Marathon’s fleet consists of 31,000 active miners producing approximately 3.2 exahashes per second (EH/s). The company received another 15,520 top-tier ASIC miners from Bitmain last month. So far this year it’s taken delivery of 56,826 miners, with another 8,477 on the way. Source link … [Read more...] about Marathon Digital’s Bitcoin Production Fell in November as Maintenance Work Cut Capacity
Fell
$500 million in longs liquidated yesterday as Bitcoin fell $4,000
Bitcoin fell nearly $4,000 in a steep plunge this morning, taking with it the broader crypto market and causing over $500 million in ‘long’ liquidations.Funding rates were high across the board on Tuesday, leading to some traders commenting on an impending market drop. “Open interest reached an ATH. Let’s do a little bullish shakeout before we go higher,” tweeted Lex Moskovski, … [Read more...] about $500 million in longs liquidated yesterday as Bitcoin fell $4,000
China’s Bitcoin hash power fell before the crackdown: Cambridge data
China’s crackdown on Bitcoin (BTC) mining due to energy consumption concerns is widely regarded as the trigger for the miners’ exodus from Asia to Western countries. But new research by the Cambridge Centre for Alternative Finance suggests that the shift in mining power started before China’s renewed scrutiny.Reuters reported that China’s total computing power connected to the … [Read more...] about China’s Bitcoin hash power fell before the crackdown: Cambridge data
85,000 crypto traders ‘liquidated’ after Bitcoin fell to nearly $30,000
Tens of thousands of crypto traders were liquidated last night as Bitcoin briefly dropped to under $30,500, data from multiple sources shows. Altcoins saw a similar dump as a result, with millions of dollars getting shaved off on lesser-known coins like AXIE and SAND.Over 82,000 traders were liquidated, with the largest single liquidation order taking place on Bybit—a Bitcoin … [Read more...] about 85,000 crypto traders ‘liquidated’ after Bitcoin fell to nearly $30,000
Data shows NFT sales fell 40% last week amidst market pullback
The latest mania surrounding non-fungible tokens (NFTs) is seemingly cooling off as sales revenues have decreased nearly by half in just one week, blockchain data and news outlet PANews pointed out today.#PAData The #NFT fever is fading as the #NFTs sales revenues in last 7 days dropped 42.43% to ~US$45.26M on Apr 21 from the $79.62M on Apr 14, according to @nonfungibles, which … [Read more...] about Data shows NFT sales fell 40% last week amidst market pullback