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The post The hottest industry in the world, you could become the next millionaire (earn at least $1000 a day) appeared first on Crypto Breaking News.
Despite Bitcoins block size hitting a yearly low, the Runes minting market continues to show strong activity and profitability.
Daily revenue from Bitcoin mining dropped to under $3 million from the previous daily average of roughly $6 million in the first four months of 2024.
Runes recovered to account for the lions share of transactions on the Bitcoin network.
Ethereum is holding firm above the $2,500 level after weeks of strong buying pressure and bullish momentum, despite having lost more than 60% of its value since December 2024. The assets resilience comes at a pivotal time: Bitcoin has officially broken its all-time high, triggering optimism that a new phase of the market cycle is beginningone that could deliver explosive gains for altcoins. Related Reading: Solana Multi-Year Uptrend Holds Strong Analyst Sees SOL Breaking ATH This Year For Ethereum to fulfill its usual leadership role in an altcoin rally, it must break above current resistance zones and confirm a recovery structure. As price action continues to develop, analysts are watching closely for signals that ETH is ready to outperform once again. To illustrate just how deep the correction was, Sentora (formerly IntoTheBlock) shared a key metric: after Ethereums sharp sell-off that began in December, the share of addresses in profit plunged from over 90% to just 32% by April 2025. The rebound since then has been remarkable, but the road to a full recovery is still developing. If Ethereum can maintain support and reclaim higher levels, the stage may be set for a broader altseason that could reshape sentiment across the crypto market. Volatility Grows: Ethereum Eyes A Breakout Ethereum bulls have regained control after a turbulent few months, forming a bullish price structure as the asset attempts to reclaim the $2,700 level. The surge began with a clean breakout above $2,200, and despite recent volatility, Ethereum is showing signs of strength. On Sunday, ETH spiked above $2,550 before retracing to $2,400 in a sharp pullback. Since then, price action has stabilized, and with Bitcoin pushing into new all-time highs, Ethereum appears poised to follow. Analysts now expect a potential breakout if ETH can flip $2,700 into support. Momentum is building as selling pressure fades, and buyer confidence grows. Many view this as a key inflection point: if bulls sustain their push, Ethereum could reassert leadership in a market increasingly tilted toward altcoins. Supporting this bullish outlook is fresh on-chain data from Sentora. Following a brutal drawdown that began in December 2024, the percentage of ETH addresses in profit collapsed from over 90% to just 32% by April 2025. Since then, the recovery has been dramaticnearly 60% of addresses are now back in profit. According to Sentora, this level of volatility hasnt been seen since the explosive 2017 bull cycle. If Ethereum continues this trend and breaks out of its current range, it may not only confirm a strong recovery but also spark the next major leg of altseason. Related Reading: Litecoin Eyes $117.50 As Price Rebounds From Key Support Analyst ETH Tests Critical Resistance Ethereum is now trading at a pivotal level, having surged to $2,687 with a 5.3% daily gain. The chart shows ETH challenging its 200-day simple moving average (SMA) at $2,702, a key technical barrier that has historically acted as resistance. After multiple failed attempts to break past this level in recent weeks, todays bullish momentum puts ETH on the verge of a potential breakout. The bullish structure is supported by strong upward volume, signaling renewed buyer interest. Notably, the 200-day exponential moving average (EMA), currently at $2,444, has provided solid support throughout May, creating a base for this upward push. If Ethereum decisively closes above the $2,700 region, it could set the stage for a rally toward $3,000 and beyond, confirming a shift in trend after months of bearish pressure. Related Reading: Dogecoin Momentum Fades Analyst Expects $0.213 Retest However, the price is still within a consolidation range, and bulls must hold above $2,600 to maintain this breakout potential. Failure to do so may result in a short-term retracement back to the $2,400$2,450 demand zone. Featured image from Dall-E, chart from TradingView
Over the past two weeks, bitcoin cash has experienced a significant surge, increasing 182% against the U.S. dollar and attracting more hashrate to its network. Approximately 22 bitcoin cash mining pools are now allocating SHA256 hashrate to the chain as BCH is currently 2.7% more lucrative to mine compared to BTC. Bitcoin Cash Hashrate Sees [...]
The post Bitcoin Cash Hashrate Gains Momentum: Miners Flock to BCH as Profitability Surges appeared first on Crypto Breaking News.
There are many different ways to quantify market sentiment. Looking at price action provides a very crude but effective gauge of the market’s feelings if the price is going down, the market’s most likely bearish, and vice versa. However, feelings about the future are very complex to analyze, especially when it comes to Bitcoin, […]
The post Bitcoin’s surge to $73k put 99.76% of entities in profit, signaling mature phase of bull market appeared first on CryptoSlate.
Bitcoin’s recent price surge has triggered a massive sell-off among miners, with on-chain data revealing that miners sent an equivalent of 260% of their daily mining revenue to exchanges on June 27. Understanding the behavior of Bitcoin miners and their Bitcoin balances is crucial as miners play a pivotal role in the Bitcoin ecosystem, and […]
The post Miners sent 260% of their daily revenue to exchanges appeared first on CryptoSlate.
Despite Bitcoin’s difficulty reaching an all-time high at 46.84 trillion, participants in bitcoin mining have kept the hashrate running stronger than ever before. According to statistics, on March 23, 2023, the hashrate reached a high of 400 exahash per second (EH/s). The 400 exahash equates to 0.4 zettahash or four hundred quintillion hashes per second. [...]
The post Bitcoin Hashrate Reaches 400 Exahash per Second, Researcher Says Network Could Reach Zettahash Era by 2025 appeared first on Crypto Breaking News.
The cryptocurrency market has been a whirlwind of activity over the past week, with Bitcoin (BTC) seeing the most notable uptick, climbing over the $30,000 mark for the first time in two months, a crucial psychological milestone that could return much-needed confidence to the market. At press time, Bitcoin is trading at $30,343. Over the […]
The post Over 86% of unspent Bitcoin in profit as BTC continues to trade above $30k appeared first on CryptoSlate.
The SHIB token has been on an incredible rally recently, pumping more than 18% in just the past week. This growth can be attributed to the current increase in the crypto market as a whole. SHIB, much like other meme coins, has a high degree of volatility, but it nevertheless manages to draw an engaged [...]
The post SHIB Profitability Pumps As Meme Coins Continue To Rally appeared first on Crypto Breaking News.
Terawulf announced the launch of the world's first fully nuclear-powered Bitcoin mining operation. Called Nautilus Cryptomine, the mining facility is powered by a 2.5 gigawatt nuclear plant and is a joint venture between Terawulf and Cumulus Coin. With access to abundant low-cost nuclear energy, Nautilus Cryptomine could represent a new model for highly efficient and profitable Bitcoin mining. The facility's nuclear power source could allow it to support a huge number of mining rigs and drastically reduce energy costs compared to renewable-powered or fossil fuel-powered mining operations.
<p>The post Terawulf Launches First Ever Nuclear-Powered Bitcoin Mining Operation first appeared on CCNC.</p>
The growing popularity of Bitcoin mining has led to discussions about its impact on the environment and energy consumption. A recent study shows that the combination of solar energy storage devices and Bitcoin mining can mitigate this impact and even provide a profitable solution. By reducing energy consumption and promoting sustainable energy solutions, the combination of solar energy and Bitcoin mining has the potential to revolutionize the crypto sector.
<p>The post The Benefits of Combining Solar Energy and Bitcoin Mining first appeared on CCNC.</p>
This year hasn’t been kind to Bitcoin miners as the invasion of Ukraine in February 2022 triggered a global energy crisis, pushing mining costs through the roof.
The post Research: Miners sent 57K Bitcoin to exchanges in 2022; selling pressure decreasing appeared first on CryptoSlate.
According to the GPU profitability ranking on the What to Mine website the Radiant (RXD) crypto is currently the most profitable coin to mine on most GPUs thanks to the recent spike in popularity and price. It is the top coin in profitability for almost all Nvidia GPUs and some AMD ones with Kaspa (KAS) […]
The Helium (HNT) project is something quite interesting with a lot of potential in the future. It is an effort to create a global wireless network by utilizing Proof-of-Coverage as a work algorithm with dedicated Hotspots (miners) that are providing legitimate wireless coverage to expand the network. Helium’s LongFi combines the LoRaWAN wireless protocol with […]
The Goldshell Mini-DOGE ASIC miners for mining Scrypt-based crypto coins such as Litecoin (LTC) and DogeCoin (DOGE) are quite popular topic among the home miners with the recent spike in the price of both mentioned coins. The miner has the DOGE in its name, but you can mine any Scrypt-based crypto coin and there is […]
We’ve been playing around with a Jasminer X4 1U Ethash and ETChash ASIC miner for a couple of days now and we have some more things to share with you if you are interested in the device. We’ve already covered some interesting findings and possible tweaks for the Jasminer X4 1U ASIC miner here, but […]
Yesterday we have published our First Hands-On Experience with the Jasminer X4 1U Ethash-Etchash ASIC Miner and today we are continuing with some useful information about the device for anyone that might own it already or plans to get a Jasminer X4 to play with. As we’ve already mentioned this ASIC miner for Ethash and […]
The Jasminer series of ASIC miners for Ethash and ETChash by the Chinese company SUNLUNE have been quite big (and expensive) when they were announced near the end of last year. They were the most efficient Ethereum ASIC miners out there at the time and with the high mining profitability of ETH at the time […]
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