Useful Tips

View all
The Bitcoin market is optimistic

BTC Powers Back to $50K

Bitcoin is gaining ground! BTC price is on the move again, hitting its highest level since mid-May. It peaked at $50,270, adding 3% on the day. It has recovered more than 72% since June. The crypto asset’s overall market valuation is currently at $942 billion. This could be a sign that the “capitulation period has ended and the market is back on solid ground,” Coin Metrics wrote in a Tuesday newsletter.

Bitcoin's position has been recovering from a local bottom in late June and early July, after China started cracking down on crypto mining in the country. Some mining operations are starting to resume online in new locations, so the worst is probably over. The cryptocurrency recovery is also taking place as some of the more established financial companies offer their clients access to crypto. For example, PayPal Holdings Inc said it will allow UK customers to buy, sell and store bitcoins and other cryptocurrencies.

Summing up, Bitcoin has climbed 82% since January and remains around $50,000. Some traders and analysts expect BTC to surpass an all-time high of $64,000 by the end of the year. Of course, nobody knows what will happen, but the forecasts predicting the latter scenario seem to come true if Bitcoin prices continue to move in the same direction. So now is a great time to grow your mining network, increase your BTC profits, and use additional boost features in order to be in a winning position later!

Published: 31.08.2021

Recently Added

Best Mining Combo of this spring

Best Mining Combo of this spring

Over the past month, the efficiency of mining across the entire ecosystem has increased! Today we want to celebrate this milestone and present you with the best mining kit that will accelerate your earnings to turbo speeds and super profits!
Mining of any crypto for all Androids!

Mining of any crypto for all Androids!

Pool Mining is an innovative technology, but it is also evolving to make users' lives easier and more convenient! You already know that CT Pool has recently become available as an app for all Android devices. Now the CT Pool app has several more unique features!
Bitcoin hits $72k!

Bitcoin hits $72k!

Less than a month ago, we talked about Bitcoin being the main cryptocurrency of our time, which is coming back again and again even after falls. Today, Bitcoin has already reached the $72,000 USD mark!