hodler

8 Apr 2026, 00:00

Global Bitcoin hashrate dips 5.8% – Iran, U.S. lead BTC mining slowdown

Price action and geopolitical tensions are pushing Bitcoin's global hashrate down the drain.

7 Apr 2026, 20:30

Silver Price Analysis: Critical Bearish Crossover Threatens to Plunge Prices Toward $70 Support

BitcoinWorld Silver Price Analysis: Critical Bearish Crossover Threatens to Plunge Prices Toward $70 Support Global silver markets face mounting technical pressure as a significant bearish crossover pattern emerges on price charts, potentially signaling a substantial decline toward the critical $70 support level that could reshape precious metals trading strategies worldwide. Silver Price Analysis Reveals Critical Technical Breakdown Technical analysts across major financial institutions have identified a concerning pattern developing in silver price charts. The 50-day moving average appears poised to cross below the 200-day moving average, creating what market technicians call a “death cross.” This pattern historically precedes significant price declines across various asset classes. Meanwhile, silver has already broken below several key support levels established during the first quarter of 2025. The metal currently trades approximately 15% below its recent highs, with momentum indicators showing sustained selling pressure. Volume analysis reveals increasing activity on down days, suggesting institutional participation in the current decline. Furthermore, the Relative Strength Index (RSI) has entered oversold territory, yet continues to trend downward without showing signs of reversal. Historical Context of Silver Market Corrections Silver has experienced similar technical patterns throughout its trading history, with varying outcomes depending on macroeconomic conditions. The 2011-2013 bear market saw silver decline from nearly $50 to under $20 following a similar crossover pattern. More recently, the 2022 correction resulted in a 30% price drop over six months. Current market conditions differ significantly from previous periods, however. Central bank policies have shifted dramatically since 2023, with most major economies maintaining higher interest rates than during previous precious metals cycles. Industrial demand for silver continues to grow, particularly in solar panel manufacturing and electric vehicle production. Global silver inventories have declined for three consecutive years according to the Silver Institute’s 2024 report. The table below illustrates key differences between current and previous market conditions: Market Factor Current Conditions (2025) Previous Correction (2022) Interest Rate Environment Higher for longer Rising from historic lows Industrial Demand Growth 8.2% annually 5.7% annually Central Bank Purchases Moderate Minimal Dollar Strength Index 98.5 104.2 Expert Analysis of Support Levels Market technicians have identified several critical support zones for silver prices. The $70 level represents psychological support that has held during three previous tests since 2023. Below this level, additional support exists at $68.50, corresponding with the 61.8% Fibonacci retracement level from the 2023-2024 rally. Major institutional analysts from firms including Goldman Sachs and JPMorgan have published research noting the importance of these technical levels. Their analysis suggests that a break below $70 could trigger automated selling from algorithmic trading systems. These systems manage approximately 35% of precious metals trading volume according to recent exchange data. Consequently, the $70 level represents not just psychological support but also a technical trigger point for additional selling pressure. Fundamental Factors Influencing Silver’s Direction Several fundamental factors contribute to the current technical setup in silver markets. Industrial demand remains robust, particularly from the renewable energy sector. Solar panel manufacturers consumed approximately 160 million ounces of silver in 2024, representing 15% of total demand. However, investment demand has weakened significantly as higher interest rates make yield-bearing assets more attractive. The Federal Reserve’s current policy stance suggests rates will remain elevated through at least mid-2026, according to their latest projections. Mining production has increased modestly, with major producers reporting 3.2% year-over-year growth in output. Meanwhile, recycling rates have declined due to lower prices, reducing secondary supply. These conflicting fundamental factors create uncertainty about whether current technical patterns will lead to sustained declines or represent temporary corrections. Key factors currently influencing silver prices include: Central bank monetary policies and interest rate trajectories Industrial demand from green technology sectors Investment flows into precious metals ETFs and funds Mining production costs and supply constraints Currency movements, particularly dollar strength Market Structure and Trading Implications The structure of silver markets has evolved significantly in recent years, affecting how technical patterns develop and resolve. Exchange-traded products now hold approximately 1.2 billion ounces of silver, representing substantial inventory that can amplify price movements. Options market data shows increasing put volume at the $70 strike price, indicating traders are positioning for potential declines. Open interest in silver futures has increased by 18% over the past month, suggesting growing institutional interest in the current price action. Market makers have widened bid-ask spreads slightly, reflecting increased uncertainty about near-term direction. Regulatory changes implemented in 2024 have increased transparency in precious metals markets, providing clearer data on positioning and flows. These structural factors influence how technical patterns like the current bearish crossover might play out in coming weeks. Comparative Analysis with Gold and Other Metals Silver’s technical patterns differ significantly from those in related precious metals markets. Gold has maintained its 200-day moving average support despite recent pressure, creating a divergence between the two metals. The gold-silver ratio has expanded to 85:1, above its 10-year average of 75:1. Platinum and palladium show mixed technical pictures, with platinum exhibiting relative strength while palladium continues its multi-year decline. Copper, often considered an industrial bellwether, has shown resilience despite broader commodity weakness. These divergences suggest that silver’s current technical weakness may reflect metal-specific factors rather than broad precious metals sentiment. Analysts note that silver often exhibits greater volatility than gold during market transitions, potentially explaining the more pronounced technical deterioration in silver charts. Potential Scenarios and Price Projections Market analysts have developed several scenarios based on the current technical setup. The base case scenario assumes a test of the $70 support level followed by consolidation. This scenario carries approximately 45% probability according to options market pricing. A more bearish scenario involves a break below $70 triggering additional technical selling toward $65 support. This scenario carries 30% probability based on current market indicators. The bullish scenario requires a reversal above recent resistance at $78 to invalidate the bearish crossover pattern. This scenario carries 25% probability given current momentum indicators. Historical analysis of similar technical patterns suggests the resolution typically occurs within 4-8 weeks, providing a timeframe for monitoring developments. Each scenario carries different implications for mining companies, investors, and industrial users who rely on price stability for planning purposes. Conclusion Silver price analysis reveals a critical juncture for the precious metal as technical indicators point toward potential declines toward the $70 support level. The emerging bearish crossover pattern represents a significant development that market participants must monitor closely. While fundamental factors provide some support through industrial demand, technical and macroeconomic pressures create substantial headwinds. The resolution of this technical pattern will likely influence silver trading strategies and precious metals allocations throughout 2025. Market participants should watch key levels around $70 for signals about silver’s medium-term direction, while considering the broader context of monetary policy, industrial demand, and market structure developments. FAQs Q1: What exactly is a bearish crossover in silver price analysis? A bearish crossover, often called a “death cross,” occurs when a shorter-term moving average (typically 50-day) crosses below a longer-term moving average (typically 200-day). This technical pattern suggests weakening momentum and often precedes further price declines. Q2: Why is the $70 level particularly important for silver prices? The $70 level represents both psychological support and a key technical level that has held during multiple tests since 2023. It also corresponds with important Fibonacci retracement levels and serves as a trigger point for automated trading systems. Q3: How does current silver price action compare to historical patterns? Current patterns resemble the 2011-2013 bear market in structure but occur within different macroeconomic conditions. The current environment features higher interest rates and stronger industrial demand than during previous similar technical setups. Q4: What factors could prevent silver from reaching $70? Several factors could provide support, including sustained industrial demand, central bank purchases, dollar weakness, or unexpected supply disruptions from major mining regions. Q5: How long do bearish crossover patterns typically take to resolve? Historical analysis suggests similar technical patterns in silver markets typically resolve within 4-8 weeks, though the magnitude of price movements can vary significantly based on accompanying fundamental developments. This post Silver Price Analysis: Critical Bearish Crossover Threatens to Plunge Prices Toward $70 Support first appeared on BitcoinWorld .

7 Apr 2026, 17:08

Marathon Digital’s large Bitcoin transfer heightens speculation on possible selling plans

Marathon Digital Holdings transferred 200 Bitcoin to a wallet flagged for possible sales activity. The move has prompted renewed market attention amid ongoing adjustments in mining company strategies. Continue Reading: Marathon Digital’s large Bitcoin transfer heightens speculation on possible selling plans The post Marathon Digital’s large Bitcoin transfer heightens speculation on possible selling plans appeared first on COINTURK NEWS .

7 Apr 2026, 16:24

Sealminer A4 Series Debuts as Bitdeer Hits New Bitcoin Mining Efficiency Record

Bitdeer Technologies Group launched its Sealminer A4 series of bitcoin mining rigs on Tuesday, with the flagship model reaching 9.45 joules per terahash, placing it among the most power-efficient machines announced by any major manufacturer. Key Takeaways: Bitdeer launched the Sealminer A4 Ultra Hydro on April 7, 2026, hitting 9.45 J/TH efficiency, among the best

7 Apr 2026, 11:28

Anthropic Just Locked Up 3.5 Gigawatts of AI Power: Bitcoin Miners Are Selling Their BTC to Pivot Into the Same Business

Anthropic has just secured one of the largest compute deals the AI industry has ever seen. The company locked in 3.5 gigawatts of next generation Google TPU compute through Broadcom. In the same week, Anthropic highlighted its tremendous growth with its annualized revenue now crossing the $30 billion mark, which is more than triple the $9 billion reported at the end of 2025 and the number of customers spending $1M+ on Claude doubling from 500 to 1,000 in under two months. Coindesk framed it as bitcoin miners gaining a powerful new rival in the fight for cheap power. This framing however misses what’s actually happening under the hood. We've signed an agreement with Google and Broadcom for multiple gigawatts of next-generation TPU capacity, coming online starting in 2027, to train and serve frontier Claude models. — Anthropic (@AnthropicAI) April 6, 2026 Bitcoin miners aren’t prepping for a fight but rather pivoting and the numbers speak for themselves. Core Scientific, one of the largest publicly listed miners, is liquidating substantially all of its Bitcoin holdings in 2026 to fund a 1.2 gigawatt pivot to AI hosting, as reported by The Block . Hut 8 has a $7 billion data center deal with Anthropic itself, backstopped by Google. TeraWulf is sitting on $12.8 billion in contracted HPC revenue. The reason we’re seeing this comes down to math. Miners losing around $19,000 per BTC produced versus AI hosting offering longer term, stable cash flow supported by enterprise contracts have forced their hand. What Anthropic Just Signed and Why 3.5 Gigawatts Matters Anthropic’s largest infrastructure deal landed on April 6 when they announced that it had secured access to 3.5 gigawatts of next generation Google TPU compute capacity through Broadcom, beginning in 2027. Bloomberg and CNBC confirmed the partnership terms. The new capacity is on top of the 1 gigawatt of Google compute Anthropic is already receiving in 2026, per Broadcom’s SEC filing , which also confirmed that the majority of the new capacity will be U.S.-based. Broadcom separately signed a long-term agreement with Google to design and supply future generations of custom TPU chips through 2031, meaning this is a structural, multi-year build out. Alongside the deal, Anthropic also disclosed that its annual run-rate revenue crossed $30 billion, up from around $9 billion which was reported at the end of last year. Business customers spending over $1 million annually on Claude also doubled from 500 to over 1,000 in just under two months. These numbers are staggering. A single 1 gigawatt data center draws roughly the same electricity as one million American households. Anthropic’s 3.5 gigawatt deal is almost the same as 3.5 million homes worth of power going to a single AI company, dedicated entirely to AI training and inference. As CoinDesk noted, deals of such size highlights how AI has become one of the largest new sources of power demand in the United States. Power grids that were never designed to absorb this kind of concentrated load are now being asked to do exactly that. For bitcoin miners, who built their entire business model on being able to secure cheap, often stranded electricity, the signal is impossible to ignore: the most well-capitalized players in tech are now competing for the same electrons and they are paying a lot more to get them. Bitcoin Miners Are Becoming AI Landlords The shift taking place right now is already changing the revenue structure of the entire industry. According to CoinShares, publicly listed miners could derive as much as 70% of their total revenue from AI hosting by the end of this year, which is up roughly 30% as of today, with mining revenue collapsing from approximately 85% to less than 20% for companies that have already locked in AI contracts. At the same time, over $70 billion in cumulative AI and high-performance computing deals have now been announced across the public mining sector, turning miners into data center operators that still happen to mine bitcoin. The pivot becomes crystal clear when you look at the size of some of these deals. For instance, Hut 8 disclosed a 15 year, $7 billion data center lease in Louisiana with Anthropic as the anchor tenant and Google as financial backstop, with the site capable of scaling to multi-gigawatt capacity. Another publicly listed miner, TeraWulf, secured $12.8 billion in contracted HPC revenue with long term AI hosting agreements. Meanwhile, Core Scientific, one of the largest publicly listed miners, is preparing to monetize substantially all of its Bitcoin holdings to fund a 1.2 gigawatt conversion into AI infrastructure. The reason for such a pivot becomes a lot more clear when you dig into the economics. Public miners are currently losing around $19,000 per bitcoin produced, as production costs approach $80,000 while BTC trades closer to $68,000. Despite AI infra being a lot more capital-intensive at $8M – $15m per megawatt versus $700K – $1M for mining, it offers something that miners have never had: stable, decade-long contracted revenue from blue chip counterparties like Anthropic and Google. This basically transforms them from speculative operators into infrastructure landlords. What we’re witnessing is not a side pivot, but the largest business model shift in bitcoin mining history: an industry built on volatile block rewards is being re-architected into one that sells power, space, and uptime to the AI economy. The Power Grid is the New Battleground The power grid is under a level of stress it was never designed to absorb. PJM Interconnection, the largest grid operator in the United States, projects a 6 gigawatt shortfall by 2027, the equivalent of six large nuclear power plants going offline simultaneously. U.S. data center electricity demand is projected to surge from under 15 GW today to 75.8 GW in 2026, 108 GW in 2028, and 134.4 GW by 2030, a roughly ninefold increase in seven years, per industry analyses cited by S&P Global . Five AI data centers are on track to hit 1 GW of power capacity each in 2026 alone, at that scale, a single facility rivals the electricity consumption of a small American city. Up to 11 GW of announced data center capacity for 2026 hasn’t broken ground yet, and 50% of global projects are already facing delays due to power limitations and grid equipment shortages. Anthropic’s 3.5 GW commitment lands directly into this environment. What bitcoin miners spent the last decade building turns out to be exactly what AI needs. Favorable power purchase agreements at remote sites, large grid connections, proximity to substations, cooling capacity, land, these were the operational advantages miners competed fiercely to secure. They are now the most sought-after infrastructure inputs in the AI build-out. Hut 8’s Louisiana site makes the point plainly: the same facility engineered for hash rate is now leased to Anthropic for AI inference. The miners didn’t lose the energy war. They owned the battlefield the whole time and are now collecting rent. As CoinDesk noted, major bitcoin miners are increasingly positioning themselves as power and data center infrastructure providers that also mine bitcoin, not the other way around. The picks-and-shovels play for the AI boom was sitting inside the bitcoin mining sector all along. What this means for Bitcoin and What to Watch The pivot has real consequences for Bitcoin itself. Core Scientific and other miners liquidating their holdings to fund AI conversions adds direct sell pressure to a spot market that is already under strain. BTC is currently trading around $68K, down roughly 47% from the $126K all-time high set in October. Beyond price, there is a network security dimension worth watching. Hash rate, the total computing power dedicated to mining and processing Bitcoin transactions, is the primary measure of network strength. Mining difficulty, which adjusts automatically to reflect how much hash rate is active, has already dropped 7.76% as miners redirect capacity toward AI, per techi.com . That is a leading indicator. If more large operators follow Core Scientific’s playbook and convert gigawatts of mining capacity to AI hosting, hash rate could decline further, at least in the near term. The longer-term structure forming here is something different entirely. Hut 8’s River Bend deal, 15 years, blue-chip counterparties, Google as financial backstop, looks less like a mining company hedging and more like an infrastructure REIT: stable contracted cash flows, long-duration leases, institutional-grade tenants. If Marathon, Riot, or CleanSpark announce similar deals in the coming months, that model becomes the template for the entire publicly listed mining sector. Key dates to track: Anthropic’s new TPU capacity comes online in 2027, Hut 8’s first River Bend data hall is expected in Q2 2027, and Core Scientific’s 1.2 GW conversion is accelerating throughout 2026. The question isn’t whether miners continue pivoting, it’s how much BTC hits the spot market in the process, and how fast the network adjusts to the hash rate that leaves with them. If you're reading this, you’re already ahead. Stay there with our newsletter .

7 Apr 2026, 10:37

BTC miners grow in Georgia on low electricity rates and favorable regulations

Georgia is registering increased energy consumption in its crypto mining sector, which has been growing thanks to low electricity rates and favorable regulations. Most of the country’s coin mining enterprises are located in free economic zones, where businesses, including those dealing with cryptocurrencies, are offered preferential terms. Bitcoin mining farms burn 5% of Georgia’s electricity Energy usage by large-size data processing centers in Georgia is growing, local and regional media unveiled this week, quoting official stats. The majority of these DPCs are currently engaged in the minting of digital currencies, the Business Gruzia portal noted in a report on Tuesday. And most of the power-hungry enterprises are located in the free economic and industrial zones in the capital Tbilisi and the western city of Kutaisi. According to the Georgian National Energy and Water Supply Regulatory Commission ( GNERC ), the combined output of these facilities has tripled to 752 million kilowatt-hours (kWh). That amounted to approximately 5% of the Caucasian nation’s total energy consumption in 2025, according to the figures provided by the agency. Earlier reports, also quoting data compiled by the regulator, revealed miners had used 675 million kWh between January and November, an 80% increase over the previous year. Analysts say the observed growth is due to several major factors, most notably the significant increase in the prices of the minted digital assets during the examined period. The price of Bitcoin (BTC), the cryptocurrency with the largest market capitalization, reached an all-time high in October 2025, exceeding $126,000 per coin. The positive trend in Georgia’s mining industry continues into the new year, despite the latest crypto market downturn. In January and February 2026, miners utilized 86.7 million kWh. While that accounts for 3% of the country’s total, it should be noted that the cold winter months are marked by increased electricity consumption for other purposes, including heating. Miners offered affordable electricity and friendly regulation Low-cost energy has been playing a key role in Georgia’s mining boom in the past few years. Most of the country’s electricity is generated by hydroelectric power plants. Leader among the mining firms that have been taking advantage of the relatively low rates is AITec Solutions, responsible for 450 million kWh of the registered consumption. The company operates the Gldani data center in Tbilisi, which was previously run by Bitfury, a leading global digital-asset infrastructure operator. The latter was among the first in the space to recognize Georgia’s potential as a crypto mining destination, but is now increasingly focusing on AI computing. Texprint Corporation is the second-largest electricity consumer among Georgian miners. Its facilities, based in the Kutaisi Free Economic Zone, used up 147 million kWh in nine months. TFZ Service LLC ranks third with 104 million kWh on the meter. While the company is not directly engaged in Bitcoin mining, it serves as a major power supplier to a number of mining farms. The leaders are followed by smaller players such as ITLab, which used 24.6 million kWh of electricity and Sain Fiz, with 18.6 million kWh. Another 7.2 million kWh were billed to DATA Hub. While Georgia still manages to meet their demand for electricity, other nations in the former Soviet space are already experiencing difficulties. Kazakhstan, Central Asia’s mining hotspot, introduced higher rates for mining farms to deal with deficits caused by the industry’s rapid expansion after a ban in China a few years ago. Since legalizing the activity in 2024, Russia has completely prohibited cryptocurrency mining in 13 of its regions that are facing energy shortages as a result of the high concentration of miners. Among the positive factors contributing to the growth of Georgia’s mining sector is the regulatory framework established by Tbilisi, which includes a favorable tax regime. The friendly attitude of the Georgian government is not just towards miners. The country’s central bank recently adopted rules permitting companies to issue fiat-pegged stablecoins backed by reserve assets. Still letting the bank keep the best part? Watch our free video on being your own bank .