Quick Take The Bitcoin hash rate experienced a significant drop in the middle of January, triggered by the Texas freeze, which saw it plunge 6% from its record peak. However, this plunge was short-lived, as evidenced by Jan. 25, which witnessed the most significant single-day hash rate ever recorded, at an impressive 638eh/s, marking a […]
The post From freeze to flourish as Bitcoin hash rate showcases resilience appeared first on CryptoSlate.

Analysts from banking giant JPMorgan believe that the profit-taking from the Grayscale Bitcoin Trust (GBTC) may have concluded, potentially alleviating the downward pressure on Bitcoin prices.  The analysts explained that they had estimated that GBTC could see as much as $3 billion in outflows from investors previously exposed to its discount. But with the flow […]
The post Grayscale selling pressure ‘largely behind us,’ spotlight on Newborn Nine: JP Morgan appeared first on CryptoSlate.

Quick Take The United States’ mounting debt structure currently stands at a staggering $34 trillion, according to usdebtclock.org. An escalating annualized interest accompanies this steep climb on the federal debt that exceeds $1 trillion and is projected to break through the $3 trillion threshold by Q4 2030, according to E.J. Antoni, an economist at Heritage […]
The post US debt spirals past $34 trillion with interest forecasted to hit $3 trillion by 2030 appeared first on CryptoSlate.