Capriole Investments founder Charles Edwards suggested that the U.S. and China 
are engaged in a shadow race to achieve quantum superiority, and that it is 
likely that China is concealing its quantum capabilities. The U.S. Congress 
has recommended establishing a Quantum First goal by 2030. China Likely 
Concealing Quantum Capabilities: What If It Comes First? […]

Analyst Hints at Shadow Quantum Race Between China and US

The proposal highlights South Korea’s push to align crypto oversight with 
securities markets, raising stakes for exchanges and traders alike.

South Korea mulls freezing unrealized crypto gains to curb manipulation

Early market rotation sends attention from majors to altcoins like Solana 
spanning L1s, privacy tokens, and new narratives like APEMARS, Sui, 
Hyperliquid, and Hedera. Cryptocurrency market analysts have identified eleven 
digital assets gaining attention as the market enters what industry…

Rotating capital eyes altcoins from Solana to Sui in early cycle shift

On-chain data suggests Bitcoin miner capitulation may have ended as the Hash 
Ribbons indicator has printed a fresh buy signal. Bitcoin Hash Ribbons Have 
Seen A Bullish Crossover As highlighted by Capriole Investments founder 
Charles Edwards in a new X post, the Hash Ribbons has just given a signal for 
Bitcoin. The &#8220;Hash Ribbons&#8221; here refers to a metric created by Edwards that 
basically provides a representation of the miners&#8217; situation. Related Reading: 
PEPE Explodes 62%, But Analyst Warns Of Breakdown Retest It does so by 
comparing two moving averages (MAs) of the &#8220;Hashrate,&#8221; an indicator that 
measures the total amount of computing power that the miners have connected to 
the network. When the value of this metric rises, it suggests existing miners 
are expanding their facilities and/or new ones are joining the blockchain. 
Such a trend implies these validators may be finding BTC mining to be an 
attractive venture. On the other hand, the indicator going down suggests some 
of the miners have decided to disconnect from the network, potentially because 
they are no longer able to break even on mining activities. The Hash Ribbons 
aims to pinpoint when one of these behaviors becomes dominant. The 30-day and 
60-day MAs of the Hashrate play the role of the &#8220;ribbons&#8221; and their crossovers 
provide signals for shifts in miners&#8217; condition. The 30-day MA moving below 
the 60-day one is considered to signal the start of a &#8220;miner capitulation.&#8221; In 
this phase, miners are under pressure and BTC may arrive at a bottom. The 
reverse crossover implies the return of conviction among miners, which has 
often been followed by bullish price action. Below is the chart for the Hash 
Ribbons shared by the analyst that shows the signals that Bitcoin has 
witnessed over the last few years. As is visible in the graph, the 30-day MA 
of the Bitcoin Hashrate fell below the 60-day ribbon last year as miners 
reduced their computing power in response to the bearish price action in the 
cryptocurrency. After a period of staying in the capitulation region, the 
reverse crossover has now finally occurred, meaning that the situation of the 
miners is improving, at least from the perspective of the Hash Ribbons. From 
the chart, it&#8217;s visible that this kind of &#8220;buy signal&#8221; occurred at some key 
points in the last few years. The recovery from 2022 bear market in 2023, for 
example, took place after a bullish crossover in the Hash Ribbons. The mini- 
bear phase in mid-2021 also broke with a buy signal from the indicator. 
Related Reading: Dogecoin Heading To $0.08? Analyst Thinks So—Here’s Why It 
now remains to be seen whether positive price action will also follow for 
Bitcoin after the latest signal. BTC Price Bitcoin has shot up over the last 
few days as its price has returned back to the $94,100 level. Featured image 
from Dall-E, charts from TradingView.com

Bitcoin Miner Capitulation Ends: Hash Ribbons Flash Buy Signal

Bitcoin consolidates with mixed demand, strong ETFs, weak new inflows, and 
muted options positioning, signaling a hesitant market between breakout and 
breakdown. Bitcoin (BTC) has transitioned from a corrective phase into a 
consolidation range, according to data released by blockchain…

Cryptocurrency price in MXN