Bitcoin’s market cycles may stretch longer as ISM manufacturing data remains weak, hinting at extended macro headwinds and slower business recovery. The Institute for Supply Management’s (ISM) Manufacturing Purchasing Managers’ Index (PMI) has historically aligned with major peaks in Bitcoin’s market cycles — a pattern that, if repeated, could imply a longer-than-usual cycle this time around. The correlation between the ISM PMI and Bitcoin’s (BTC) price was first popularized by Real Vision’s Raoul Pal and has since gained traction among macro-focused crypto analysts. “All 3 past Bitcoin cycle tops have broadly aligned with this monthly, oscillating index,” analyst Colin Talks Crypto noted, referencing the recurring overlap between Bitcoin’s market highs and the PMI’s cyclical peaks. Read more
Bitcoin’s market cycles may stretch longer as ISM manufacturing data remains weak, hinting at extended macro headwinds and slower business recovery. The Institute for Supply Management’s (ISM) Manufacturing Purchasing Managers’ Index (PMI) has historically aligned with major peaks in Bitcoin’s market cycles — a pattern that, if repeated, could imply a longer-than-usual cycle this time around. The correlation between the ISM PMI and Bitcoin’s (BTC) price was first popularized by Real Vision’s Raoul Pal and has since gained traction among macro-focused crypto analysts. “All 3 past Bitcoin cycle tops have broadly aligned with this monthly, oscillating index,” analyst Colin Talks Crypto noted, referencing the recurring overlap between Bitcoin’s market highs and the PMI’s cyclical peaks. Read more
Smaller Bitcoin miners surge in hashrate and debt as competition intensifies post-halving, reshaping the industry’s balance of power. The Bitcoin mining industry is becoming increasingly competitive, with so-called tier-2 operators closing the gap on established leaders in realized hashrate — a sign of a more level playing field following the 2024 halving. According to The Miner Mag, companies such as Cipher Mining, Bitdeer and HIVE Digital have rapidly expanded their realized hashrate after several years of infrastructure growth, narrowing the distance to top players like MARA Holdings, CleanSpark and Cango. “Their ascent highlights how the middle tier of public miners — once trailing far behind — has rapidly scaled production since the 2024 halving,” The Miner Mag wrote in its latest Miner Weekly newsletter. Read more
Smaller Bitcoin miners surge in hashrate and debt as competition intensifies post-halving, reshaping the industry’s balance of power. The Bitcoin mining industry is becoming increasingly competitive, with so-called tier-2 operators closing the gap on established leaders in realized hashrate — a sign of a more level playing field following the 2024 halving. According to The Miner Mag, companies such as Cipher Mining, Bitdeer and HIVE Digital have rapidly expanded their realized hashrate after several years of infrastructure growth, narrowing the distance to top players like MARA Holdings, CleanSpark and Cango. “Their ascent highlights how the middle tier of public miners — once trailing far behind — has rapidly scaled production since the 2024 halving,” The Miner Mag wrote in its latest Miner Weekly newsletter. Read more
Ledger’s new multisig app earns praise for tech upgrades but sparks backlash over added transaction fees. Crypto hardware wallet provider Ledger recently announced a new multisig interface that has been broadly welcomed as a technical improvement but criticized for introducing a new fee structure that some users have called a cash grab. The Ledger Multisig application will charge users a flat $10 fee for all transactions except token transfers, which incur a 0.05% variable fee. These charges come in addition to standard blockchain network gas fees, which are independent of Ledger. Ethereum developer and X user pcaversaccio criticized the move, writing: “You parade as Cypherpunk while trying to make Ledger Wallet (rebranded from Ledger Live) the single choke point for all crypto so you can squeeze everyone through it (guys, this won’t happen).” Read more
Ledger’s new multisig app earns praise for tech upgrades but sparks backlash over added transaction fees. Crypto hardware wallet provider Ledger recently announced a new multisig interface that has been broadly welcomed as a technical improvement but criticized for introducing a new fee structure that some users have called a cash grab. The Ledger Multisig application will charge users a flat $10 fee for all transactions except token transfers, which incur a 0.05% variable fee. These charges come in addition to standard blockchain network gas fees, which are independent of Ledger. Ethereum developer and X user pcaversaccio criticized the move, writing: “You parade as Cypherpunk while trying to make Ledger Wallet (rebranded from Ledger Live) the single choke point for all crypto so you can squeeze everyone through it (guys, this won’t happen).” Read more
XRP eyes a breakout toward $3–$3.45 as strong technical support and Ripple’s expanding institutional push fuel renewed bullish momentum. Key Takeaways: Ripple’s CEO said XRP “sits at the center of everything” as Ripple Prime launched. XRP price looks to break resistance at $3 amid bullish technical momentum. Read more
XRP eyes a breakout toward $3–$3.45 as strong technical support and Ripple’s expanding institutional push fuel renewed bullish momentum. Key Takeaways: Ripple’s CEO said XRP “sits at the center of everything” as Ripple Prime launched. XRP price looks to break resistance at $3 amid bullish technical momentum. Read more