BitFuFu Q3 revenue doubles as rising Bitcoin prices boost miner demand

The average cost of Bitcoin during Q3 last year was $61,000, in contrast to $114,500, according to BitFuFu, which led more miners to buy up machines and use cloud mining to get some for themselves. Read More at https://cointelegraph.com/news/bitfufu-q3-revenue-doubles-on-cloud-mining-demand?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

3 reasons Bitcoin struggles to overcome each new overhead resistance level

Bitcoin’s momentum loss continues as long-term holders add to market selling pressure, and rising US dollar strength leads investors to reduce their exposure to risk. Read More at https://cointelegraph.com/news/3-reasons-why-bitcoin-struggles-to-overcome-each-new-overhead-resistance-level?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound