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with prices hovering close to the opening mark. The highest price of 1.0 suggests that there was an attempt to push higher, but it was met with selling pressure that brought prices back to the close a

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Daily BTC Guess: Win 18M HTX!HTX Community Spring Creation ContestClaim1,200 USDT in the Monthly Creation Challenge Bitcoin Mining and AI Head in Opposite Directions, Says Alex Thorn "If local models 

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Bitcoin Mining and AI Head in Opposite Directions, Says Alex Thorn
"If local models keep getting smaller, cheaper, and more efficient, AI may become increasingly personal and on-device," he said.
Bitcoin mining has grown steadily more centralized over time, while artificial intelligence may be moving the other way, according to Galaxy Research head Alex Thorn.

Thorn noted that BTC mining started with individuals running software on personal computers but has since shifted to industrial-scale operations requiring ASIC hardware and large energy infrastructure. AI, by contrast, began in centralized data clusters and may decentralize as open-source models become lighter and cheaper to run locally. "If local models keep getting smaller, cheaper, and more efficient, AI may become increasingly personal and on-device," he said.

The divergence matters for crypto's foundational promise. Thorn said that if BTC mining continues to concentrate among fewer, larger operators, it could raise concerns about the network's long-term resilience to political or regulatory shocks.

Crypto exchange KuCoin reported on Friday that mining BTC has become increasingly unviable in parts of the United States, with costs exceeding $100,000 per coin in some regions due to rising energy prices. This is driving hash rate toward lower-cost jurisdictions, with Paraguay and Ethiopia emerging as leading destinations because of surplus hydroelectric power.

KuCoin said this geographic shift could strengthen the network by making it less dependent on any single country's political or environmental conditions. Spreading mining infrastructure across continents reduces concentration risk even as the overall industry consolidates around industrial-scale players.

On the AI side, edge computing is the primary driver of potential decentralization. 


Bitcoin Mining and AI Head in Opposite Directions,

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$SOL is still getting rejected there at the $87 level. As long as we don't break above this, it is not looking great and is still potentially going to expand lower. Either bulls manage to push and bre

Litecoin (LTC) has exhibited notable price movements, with a high of $53.93 and a low of $52. 67. The asset opened at $53.70 and closed slightly lower at $53.57, resulting in a marginal change rate of

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HTX Community Spring Creation ContestPost To Earn BonusBitcoin has retraced back to the $71,000 level, as on-chain data shows profit-taking behavior among investors has once again witnessed a spike. B

Bitcoin has retraced back to the $71,000 level, as on-chain data shows profit-taking behavior among investors has once again witnessed a spike.

Bitcoin Realized Profit Crossed $20M/Hour During Rally
In a new post on X, on-chain analytics firm Glassnode has talked about the latest trend in the Bitcoin Realized Profit, which is an indicator that measures, as its name suggests, the total amount of profit that BTC addresses/investors are realizing through their transactions.

Below is the chart shared by Glassnode that shows how the 24-hour simple moving average (SMA) of this Bitcoin metric has fluctuated over the last few months.


Looks like the value of the indicator has plunged in recent days | Source: Glassnode on X
As is visible in the graph, the 24-hour SMA of the Bitcoin Realized Profit has seen a couple of spikes of a notable scale during the last few days. The spikes came as BTC recovered from its recent lows and broke back above the $73,000 level. Thus, it would appear that investors took the recovery opportunity to exit with profits.

During the spikes, profit-taking exceeded $20 million per hour. Since this investor is selling, BTC has retraced back below $71,000, indicating that the profit realization likely played a role in the rally topping out.

This is actually a pattern that has been witnessed a few times during the recent consolidation range already. “Every approach to the $70k–$ 80k band faces thin liquidity and profit-taking pressure, capping the bounce,” noted the analytics firm. Given that the latest rally has also been obstructed by profit-taking, it would appear that fresh liquidity capable of absorbing the selling pressure is still absent from the market.

The continued sideways movement from Bitcoin has meant that a chunk of the userbase has remained stuck underwater. As Glassnode has pointed out in another X post, a huge number of addresses on the BTC blockchain continue to be in lo

Bitcoin has retraced back to the $71,000 level, as

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#History recounts that, about this time 15 years ago, Bitcoin proved skeptics wrong and increased to $1. Advertisement On April 13, 2011, the price of Bitcoin was approximately $0.92 to $0.93. Februar

#History recounts that, about this time 15 years ago, Bitcoin proved skeptics wrong and increased to $1. Advertisement On April 13, 2011, the price of Bitcoin was approximately $0.92 to $0.93. February 2011 marked the first time Bitcoin reached parity with the U.S. dollar; its price fell in the following March, dropping to $0.80, with naysayers believing it would never reach $1 again.On April 14, 2011, the value of Bitcoin increased to $0.99, and subsequently surpassed $1, stunning skeptics who had written off its chances of reaching dollar parity again. HOT Stories Steve Aoki Liquidates Four-Year SHIB Position in Gemini, XRP ETF Flows Decline 84% as Ethereum Interest Rises, Bitcoin's Long-Term Outlook by Expert Trader Remains Bullish: Morning Crypto Report XRP Facing Extreme Levels of FUD Bitcoin Price Chart, Image By: CoinMarketCapBitcoin will later triple in the same month, closing April 2011 at a price of $3.44, rising 335.3% for the month. Advertisement You Might Also Like Thu, 03/05/2026 - 15:41 Michael Saylor on Bitcoin Scarcity: Not Enough BTC for Everyone ByTomiwabold Olajide In the year 2011, Bitcoin saw an historic rally, coming off of a year when it practically had no worth and went for a few cents. Bitcoin started in 2011 at $0.29 and ended at a closing price of $4.58. A major rally played out midyear when the Bitcoin price rose to a high of $26.15, a, 8,917% increase.Bitcoin: From $0 to thousands of dollarsBitcoin launched in 2009 and, in its first year, it did not have a market price and had no premine or any rounds of investment from big venture capital firms. Advertisement You Might Also Like Fri, 04/03/2026 - 20:11 Free Bitcoin? Dorsey Brings Back BTC Faucet ByAlex Dovbnya On October 12, 2009, a member of the BitcoinTalk forum reportedly traded 5,050 BTC at a value of $5.02 through PayPal, putting the Bitcoin price at $0.00099 per coin at the time and one of the lowest prices per BTC ever recorded. Several OTC purchases in the succeeding months fol

History recounts that, about this time 15 years ag

As AI shifts value toward infrastructure and data layers, Palantir grew 70% year-over-year. Databricks crossed a $5.4B revenue run-rate. The properties that matter most are verifiability, provenance, 

Short‑Term Long Plan 📈 Entry: 73,500 USDT (40 % position) Stop Loss: 72,000 USDT Take Profit: 76,000 USDT Bearish Scenario: Downside risks stem from high geopolitical uncertainty and an overbought mom

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On April 14, Solana co-founder Toly commented on the controversy surrounding Circle's USDC freezing mechanism, stating that we need a base layer stablecoin that can only be frozen by a court order. If

Solana Co-Founder: A Layered Stablecoin Should Only Be Frozen by Court Order

Post To Earn BonusStrategist Sees Bitcoin Bear Signals, Warns Crypto Bust Could Push BTC to $10K Bitcoin may be entering a bear phase as Bloomberg’s strategist warns rising volatility and tighter equi

Strategist Sees Bitcoin Bear Signals, Warns Crypto Bust Could Push BTC to $10K
Bitcoin may be entering a bear phase as Bloomberg’s strategist warns rising volatility and tighter equity correlation are fueling fears of a broader crypto bust, even as bitcoin is currently rising. He points to Blackrock’s IBIT alongside tightening liquidity conditions, signaling risks of deeper and more sustained losses

Key Takeaways:

Bitcoin faces bear signals as Bloomberg’s strategist flags high correlation with equities.

Forecast sees $BTC dropping toward $10K as liquidity conditions tighten further.

Crypto markets risk a broader bust as McGlone cautions excess supply pressures valuations.

Bitcoin Slides Into Bear Territory as Strategist Highlights Crypto Bust Dynamics

Elevated volatility and rising correlation with equities are undermining bitcoin’s diversification appeal, signaling mounting pressure across crypto markets. Bloomberg Intelligence senior commodity strategist Mike McGlone analyzed these trends on April 12, focusing on Blackrock’s Ishares Bitcoin Trust ETF (IBIT) and its performance since launch. The findings suggest weakening risk-adjusted returns amid broader market integration, raising questions about institutional expectations tied to exchange-traded fund adoption.

McGlone stated on social media platform X:

“The crypto bear market may be in its early days if performance since bitcoin ETFs began trading in January 2024 is a guide.”

His accompanying chart compares IBIT with the State Street SPDR S&P 500 ETF Trust (SPY), highlighting relative performance differences following the launch of spot bitcoin exchange-traded funds. The comparison underscores McGlone’s broader argument that bitcoin exposure has not delivered sufficient risk-adjusted returns despite increased institutional access. However, broader 2026 data indicates IBIT has returned approximately +54% since launch, outperforming the S&P 500’s +42% gain, suggesting absolute returns

Strategist Sees Bitcoin Bear Signals, Warns Crypto

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