Cathie Woods of ARK has called for a $500k target for BTC BTC – Technical and Fundamental Report US regulatory pressures continue to increase in the crypto space. Here at Miningstore we only see this news as positive as regulation provides clarity and investor safeguards. This would also suggest the US government is anticipating cryptos to become widely adopted in the community. Increased regulation also opens the doors for institutions to move deeper into the space, which is...Continue Reading
BTC Hodlers are on the rise! Bitcoin – Technical and Fundamental Update Bitcoin has faced a week of consolidation between the 46-50k range, although price action this morning has taken a sharp bullish turn to the upside. The crypto rally is being led by ETH which has moved roughly 15% shy of the record high back in May 2021. As of writing this email, BTCUSD is retesting the 50k resistance with positive technical signs indicating another move higher...Continue Reading
BTC network reset resulted in 7% in mining difficulty Last week the BTC network reset resulted in a 7% jump in mining difficulty as the overall network hash rate continued to climb. The recovery can be attributed to Chinese miners finding sites to deploy their rigs and other investors expanding their own mining operations to take advantage of the current mining climate. BTC enjoyed another positive week reaching highs of $48k USD. Despite the rise in mining difficulty,...Continue Reading
This week we cover: When will we see Bitcoin break 20k? Ethereum going from strength to strength How Cryptocurrency can help our future? Fear, Greed & Mentality When will we see Bitcoin break 20k? This week saw Bitcoin finally break it’s all time high but also abruptly rejected near the $20,000 resistance. Let’s look at some reasons why.. Much like what we’ve been used to over the last few months, the market sentiment on Bitcoin break became incredibly...Continue Reading
This week we cover: Ethereum 2.0 launch COVID-19 and the effects on the Cryptocurrency market Record highs across the whole market Fear, Greed & Mentality Ethereum 2.0 to be launched on 1st December The long anticipated Ethereum 2.0 has finally been announced, and will be released on 01/12/2020. The concerns following low staking contributions seem to have been completely eradicated as we have seen deposits rapidly increasing, building up the excitement far more than we imagined. Let’s look...Continue Reading
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