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Bitcoin’s 8-Week Winning Streak Pauses, Miners Reap Significant Profits
Bitcoin is poised to end its eight-week winning streak, while miners are raking in remarkable profits.
Latest
Bitcoin Rebounds to $66,000 with Pension Fund Investment
Bitcoin has surged to $66,000 following an announcement from the mayor of Jersey City on Thursday.
Bitcoin Drops to $64,000 Amid Mt. Gox Repayment Pressure
Bitcoin fell to $64,000 as the market feared that Mt. Gox's repayment would trigger substantial selling pressure.
Bitcoin Drops to $65,700, Miners’ Capitulation Ends
Bitcoin is currently trading at $65,700, having slightly declined from its peak of $68,400 on July 22. On-chain data indicates that Bitcoin mining revenue has nearly reached the annual average, suggesting that miners' capitulation may soon come to an end.
Bitcoin Trading Above $67,000 with Most Addresses in Profit
Bitcoin is holding strong at the time of writing, fluctuating above $67,000. Despite the challenging uptrend and weakening momentum, there are signs that everything is stable, at least from a profitability standpoint.
Bitcoin Surges to $68,000, Dominates Entire Market
Analysts suggest that the altcoin season may slow down as BTC's dominance could surge. However, other observers anticipate that the altcoin season will be invigorated by the launch of the US Ethereum spot ETF.