GameStop's return rate exceeds Bitcoin - Will GME trigger the altcoin season?
Similar to the 2021 cycle, profits from GameStop could flow into altcoins, catalyzing the start of the altcoin season in 2024. Will history repeat itself?
JinseFinanceSimilar to the 2021 cycle, profits from GameStop could flow into altcoins, catalyzing the start of the altcoin season in 2024. Will history repeat itself?
JinseFinanceSince the beginning of 2024, the price of Bitcoin has risen 54%, with only six altcoins in the top 50 performing better.
JinseFinanceAnalysts say the sideways movement in the Bitcoin dominance chart could be a reversal signal that could kick off the entire altcoin season.
JinseFinanceApproximately 6,000 old Bitcoin mining rigs in the United States will soon be unused and sent to a warehouse in Colorado Springs, where they will be refurbished and resold to people looking to profit from mining in a low-cost environment of overseas buyers.
JinseFinanceBitcoin mining company Bit Digital said its investments in artificial intelligence had generated $4 million in revenue in February 2024.
JinseFinanceIn the dizzying and rapid rise of BTC, we bid farewell to the skyrocketing February of 2024 and ushered in the uneasy March.
JinseFinanceBitdeer's eco-friendly initiatives and strategic expansions, particularly in Bhutan, position it as a prominent player in the evolving Bitcoin mining landscape. The company's commitment to sustainability and technological advancements sets it apart in the industry, making Bitdeer a compelling entity to watch.
SanyaTodd Groth, director of research at CoinDesk Indices, said the rise of Bitcoin and Ethereum and more favorable macro conditions could be good news for altcoins this year.
JinseFinanceThe Solana and Avalanche ecosystems have seen near-parabolic growth as Bitcoin dominance has declined slightly. Is it altcoin season?
JinseFinanceThe proposal to ban Bitcoin mining in Norway was rejected in a vote by the Norwegian Parliament on May 10.
Cointelegraph