New Bitcoin Yardstick metric says $20K BTC now 'extraordinarily cheap'
Only once before has BTC been such good value versus hash rate — and that was long before even the 2017 all-time high. A simple but elegant Bitcoin (BTC) price metric has returned to lows from before the 2017 bull market.As noted by its creator, Charles Edwards, CEO of asset manager Capriole, the Bitcoin Yardstick is now at its second lowest levels in history.Yardstick prints second-lowest reading everAs on-chain metrics converge to put in a classic macro bottom for BTC/USD, a new candidate is suggesting that Bitcoin is even more oversold than the average hodler believes.The Bitcoin....
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Last month, prompted by his inability to raise the block size limit from 1MB to 2MB, Bitcoin Core developer, Mike Hearn, abandoned Bitcoin altogether and declared the cryptocurrency to be a failed experiment. The price of Bitcoin quickly fell from about $420 per coin to slightly above $360, and now has re-stabilized close to its original price before Hearn’s article. Bitcoin and altcoin prices less correlated. CoinTelegraph spoke to representatives of several other cryptocurrencies to gauge if they had been affected by the challenges Bitcoin, the cryptocurrency standard bearer, has been....
This month I bought my first flight with Bitcoin, using ABitSky. Purchasing the flight was quick and easy, and the price was good. Founded in 2002 and based in Vilnius, Lithuania, ABitSky sells all its flights in Bitcoin since August 2014. "Looking for cheap flights? Well, we want to help you! Cheap flights search engine has hundreds of thousands of options. We will find cheap tickets to anywhere in the world and help you purchase them conveniently. We wish you a pleasant flight!" - aBitSky.com team. ABitSky is not the only cheap flight search engine and booking service that operates in....
Despite choppy price action, news over the past few days has been extraordinarily bullish for the leading cryptocurrency.
Russia’s cold climate and cheap energy lead thousands of households to mine bitcoin.
The very low power rates in Venezuela have created a powerful incentive to mine Bitcoin for a lucky few that have the capital (and dare) to purchase miners and infrastructure in the country. The rise of digital currencies has created a new industry that uses cheap energy and turns it into precious Bitcoin. In other regional news, Axie Infinity, a play-to-earn game, has created opportunities for the less fortunate ones. The country is going digital because of the possibilities these new tools offer.
Cheap Power Creates Mining Opportunities in Venezuela
The cheap cost of....