By Wayne Jones The estimated “electric cost” of Bitcoin (BTC) has fallen below $50,000, according to analyst Ted Pillows. That shift is adding weight to predictions of a potential price drop below $50,000, with Pillows suggesting it could hit a bottom last seen in 2024. Mining Economics Point to a Lower Price Floor “Electric cost” […]
Tag: Iran
By Afe Funbi Key highlights: Gold and silver lose $2 trillion in three hours during escalating Middle East conflict, defying safe haven logic Gold price crashes from $4,720 to $4,318 while silver drops 14% from $75 to $64 Analysts warn forced liquidation indicates margin calls could trigger panic selling when markets open. Something strange just […]
By Jordan Lyanchev Bitcoin’s price resurgence that started shortly after the beginning of the war in the Middle East reached a new local peak earlier this morning at $76,000, where the asset faced some resistance. Many altcoins have produced even more impressive gains, with ETH climbing above $2,300, and XRP touching $1.60. ZEC and M, […]