Bitcoin News

Bitcoin (BTC) mining has seen a notable decrease in energy consumption, dropping to 115.21 TWh (terawatt-hours) as of now, down 24% from 152.52 TWh at the end of July 2024, according to Digiconomist.

Veteran trader Peter Brandt is forecasting a significant drop for Bitcoin (BTC), suggesting there’s a 50% likelihood it could fall below $40,000 within this market cycle.

On Friday, Bitcoin (BTC) continued its upward momentum from Thursday, holding above the $60,000 mark.

James Seyffart recently indicated on X that there have been developments with Bitcoin ETF options.

Spot Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S. recorded net inflows of $194.6 million on Tuesday, reversing Monday’s outflows.

Bitcoin miners are facing tough times as they encounter new challenges. Last Wednesday, mining difficulty surged dramatically, and Bitcoin’s value dropped by $10,000 in one day.

An investment company plans to obtain a 1 billion yen loan, equivalent to $6.8 million, to bolster its Bitcoin holdings, according to an August 8 announcement.