Market Cap: $2.6592T 0.080%
Volume(24h): $54.5148B -23.800%
  • Market Cap: $2.6592T 0.080%
  • Volume(24h): $54.5148B -23.800%
  • Fear & Greed Index:
  • Market Cap: $2.6592T 0.080%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$84827.363534 USD

1.04%

ethereum
ethereum

$1582.488947 USD

-0.22%

tether
tether

$0.999953 USD

0.00%

xrp
xrp

$2.053481 USD

-0.91%

bnb
bnb

$589.801258 USD

1.27%

solana
solana

$135.018936 USD

3.25%

usd-coin
usd-coin

$1.000042 USD

0.01%

tron
tron

$0.245539 USD

0.25%

dogecoin
dogecoin

$0.154252 USD

-0.69%

cardano
cardano

$0.612452 USD

-0.19%

unus-sed-leo
unus-sed-leo

$9.233367 USD

-2.14%

chainlink
chainlink

$12.476940 USD

0.69%

avalanche
avalanche

$19.023043 USD

0.27%

stellar
stellar

$0.240851 USD

2.27%

toncoin
toncoin

$2.941934 USD

0.71%

Cryptocurrency News Articles

The Bitcoin mining industry is experiencing a significant transition

Mar 26, 2025 at 08:09 pm

This March 25 announcement marks a major shift for Crusoe, as it pivots toward artificial intelligence and sells its mining business to New York Digital Investment Group (NYDIG)

The Bitcoin mining industry is experiencing a significant transition

The Bitcoin mining industry is experiencing a significant transition following a recent announcement from Crusoe Energy, which is already known for converting waste gas into electricity for BTC mining.

Also, New York Digital Investment Group (NYDIG) is buying Crusoe's bitcoin mining operations, pivoting toward artificial intelligence and selling its mining business. The March 25 announcement marks a major shift for Crusoe as it pivots toward artificial intelligence and sells its mining business to New York Digital Investment Group (NYDIG). The deal includes 270 megawatts of power generation technology deployed across the U.S. and Argentina, as well as 135 employees transferring to NYDIG.

While some may view this move as a retreat from Bitcoin, NYDIG’s acquisition signals a deepening commitment to the Bitcoin network, supporting the long-term security and efficiency of Bitcoin mining.

"maximalist" on building AI data centers, seeing that the AI side of the company is now its largest revenue-generating segment. With a significant expansion in Texas and a partnership to build AI campuses, Crusoe is trying to capitalize on growing demand for AI infrastructure.

This raises an interesting question: has bitcoin mining«reached its peak, or is this simply the path of the evolving industry? While some may interpret Crusoe’s move as a sign of less confidence in mining, NYDIG’s purchase of properties signals that large firms still find value in securing bitcoin's network.

What This Means for Bitcoin and the Market

With NYDIG increasing its emphasis on mining, it’s clear that BTC institutional investment in Bitcoin’s future remains strong.

"We view ensuring the security of the Bitcoin network as a pressing matter, especially given fiat currencies around the world are under siege by Bitcoin," said Ross Stevens, executive chairman of NYDIG.

This kind of sentiment typically ignites bullish momentum, as BTC institutional investment helps bring sustained stability to the market.

Also, as mining operations consolidate and efficiencies improve, bitcoin's price could be tempted to react and adjust to these changes in the industry. With all of that, simply using some technical indicators to analyze price action in bitcoin could help determine its next significant move.

BTC Price Prediction of March 26, 2025

After the previous session's decline, the market opened strong on March 25. At 01:15 UTC, a death cross formed and selling pressure soon surfaced, creating resistance and forcing Bitcoin into a downward channel. But when the RSI indicated an oversold market around 3:30 UTC, buying pressure increased, and the downward channel proved short-lived. At 8:00 UTC, a golden cross appeared, providing the last push for the purchase side to retake the lead. Bitcoin skyrocketed shortly after the MACD confirmed an uptrend.

The current important resistance and support levels for Bitcoin are $88,250 and $86,600, respectively. With sporadic sell-side pullbacks, the prices started to advance near the resistance level. Death crosses formed around 10:20 and 13:35 UTC.

Bullish momentum continued despite these brief setbacks, maintaining Bitcoin's upward trajectory into resistance. It was difficult to break through this level, though, as prices lingered there for several hours.

Finally, the impetus required for a brief breakout above resistance was given by a golden cross at 19:05 UTC. A death cross on the MACD at 20:35 UTC renewed selling pressure and pushed Bitcoin into a downtrend channel. The fall was eventually stabilized when prices reached support at $87,215. Another bullish push into the crucial resistance level was initiated with the appearance of another golden cross at 04:05 UTC.

Bitcoin's trading on March 25 exhibited notable volatility, with technical indicators driving price movements. A price drop early on, caused by a death cross, provided a support area for Bitcoin as buying activity picked up volume, bringing momentum to the price that was confirmed by an observed golden cross. At the same time, BTC institutional investment received a boost with NYDIG's acquisition of Crusoe Energy's Bitcoin mining business, reinforcing strong confidence in the mining sector.

Expectations, in conjunction with improved technical indicators, could influence BTC's next move. Currently, BTC carpools the critical resistance area, and price traders will be focusing on determining if momentum can be sustained through a breakout or will roll back into another consolidation period. The BTC price prediction indicates that traders should monitor confirmation from signals like MACD and RSI to ascertain the subsequent course of action.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Apr 19, 2025