Dig Deeper, Invest Smarter
Dogecoin (DOGE) has stalled since the May 11 swing high of $0.25. At press time, Dogecoin price trades at $0.17, representing a 32% drop from this level as daily trading volumes on July 14 reached $936 million. However, the price faces the risk of dropping further as 200M DOGE tokens move to exchanges, increasing the
The post Dogecoin Price Stalls as 200M DOGE Floods Exchanges appeared first on CoinGape.
The US CPI inflation data is the next macro fundamental that crypto market participants have their eyes on, following the release of a strong US jobs data on June 6. The CPI figures could provide insights into whether the Fed is likely to cut interest rates later this year, even as hopes for a rate
The post Crypto Market Awaits US CPI Figures As Fed Rate Cut Hopes Fade appeared first on CoinGape.
The post Can XRP Outperform Bitcoin in 2025? appeared first on Coinpedia Fintech News
Excitement around XRP is building, with experts, analysts, and even ETF issuers hinting at bullish sentiment. In a recent interview with Bloomberg, Teucrium CEO Sal Gilbertie was all praises for XRP as he praised Ripple’s dedicated team calling them “really professional people working really hard.”
He believes that XRP as a coin will have the most utility. “Bitcoin is a store of value, But i think that XRP has a true use case. The Ripple team is really professional, they act like investment bankers and they know what they are doing. That’s why we chose XRP” he said.
Gilbertie had previously expressed his admiration for XRP, calling it “very legitimate.” He also praised the debut of the XRP ETF, describing it as “terrific and overwhelming.” Teucrium, known for its commodity ETFs, has recently been showing growing interest in crypto.
Analyst Dark Defender recently predicted that XRP could soon experience a breakout against Bitcoin, leading to a “God Candle” in 2025. This comes after XRP successfully broke a multi-year downtrend against Ethereum, which marked a huge shift in its market position, relative to other altcoins.
The XRP/BTC pair is showing signs of a breakout, with technical indicators like a narrowing wedge and strengthening RSI hinting to explosive moves ahead. The “God Candle” refers to a massive bullish surge that could indicate a shift in market sentiment, which could allow XRP to outperform Bitcoin in the near future.
Earlier this year, analyst Steph Is Crypto had also predicted that XRP has broken out against Bitcoin and is poised to outperform Bitcoin by at least 595%.
Max Avery suggests that analysts could be underestimating where XRP is heading next by focusing too much on charts. He discussed factors like real-world utility, institutional adoption, network strength and a few regulatory advantages that sets XRP apart. He had previously explained that for Bitcoin to deliver a 10x return, it needs to reach $1 million, while XRP only needs to hit $25. XRP is currently trading at $2.27, up over 8% in the past day, and up by over 24% in the past two weeks.
The post Can XRP Outperform Bitcoin in 2025? appeared first on Coinpedia Fintech News
Excitement around XRP is building, with experts, analysts, and even ETF issuers hinting at bullish sentiment. In a recent interview with Bloomberg, Teucrium CEO Sal Gilbertie was all praises for XRP as he praised Ripple’s dedicated team calling them “really professional people working really hard.” He believes that XRP as a coin will have the …
In June, Bitcoin’s hashrate suddenly plunged to its lowest level in over a year. The decline came amid heightened political tensions between the US and Iran, prompting speculation about a potential geopolitical connection.
However, experts remain divided. What are the arguments on both sides of the debate? Here’s a deeper look.
Hashrate, a key metric measuring the computational power securing the Bitcoin network, indicates the scale and health of mining activity.
A high hashrate means more miners participate, making the network more secure. When the figure drops, it typically suggests that many miners have paused operations for some reason.
According to CryptoQuant, the 7-day average Bitcoin hashrate dropped to 800 EH/s — its lowest level since March 2025.
This sharp decline occurred between June 14 and 24, coinciding with rising military tensions involving Israel, the US, and Iran.
Nic, founder of CoinBureau, proposed a provocative theory. He suggested Iran may have converted oil into Bitcoin to bypass sanctions and fund state spending.
In a post on X, Nic estimated that about 3.1% of the global Bitcoin hashrate could be coming from Iran.
About 1 in every 32 Bitcoin may be mined in Iran
According to some reports, Iran may account for ~3.1% of global BTC mining.
Why?
They figured out how to turn oil into crypto to dodge sanctions and spend freely.
How it works:
Domestic model: Burn oil/gas to power rigs…
— Nic (@nicrypto) June 26, 2025
He argued that the drop in hashrate following US airstrikes might not be coincidental. Bitcoin mining facilities operated by Iran’s Islamic Revolutionary Guard Corps (IRGC) could have been targeted.
This theory is supported by blockchain analytics firm Elliptic, which has reported that Iran uses Bitcoin mining as a financial tool to withstand international sanctions.
Mike Alfred, another analyst, went further. He claimed that Iran is not only evading sanctions with Bitcoin, but also selling BTC obtained through cyberattacks to buy missiles and upgrade its uranium enrichment infrastructure.
“We might have entered an era where countries are bombing each other’s Bitcoin mining facilities as part of the global hash war I predicted in 2017,” Max Keiser told BeInCrypto.
Rob Warren, author of The Bitcoin Miner’s Almanac, offered a different view. He suggested the drop may be rooted in domestic conditions in the US, not geopolitical conflict.
Instead of blaming airstrikes in Iran, Warren pointed to extreme heat in the US as a more likely factor.
“It’s impossible to know at any given moment how many miners are operating. Block time is the only proxy we have for existent hashrate. My guess is curtailment due to the US heat dome, combined with many other unknowns. I don’t think Iran is a single cause,” Warren said.
Tech investor Daniel Batten agreed and applied Occam’s Razor — the idea that the simplest explanation is usually correct.
He noted that record-high temperatures in Texas drove up electricity demand on the ERCOT power grid, forcing miners to scale down operations to prevent overload.
Data from the US Energy Information Administration (EIA) shows electricity usage in Texas has surged, partly due to the growth of data centers and mining facilities. Natural gas-powered electricity generation is projected to increase by 8% in 2025.
The crypto community watches closely for definitive answers as geopolitical instability and climate-related disruptions rise. Regardless of the cause, this hashrate drop will likely have long-term implications for Bitcoin’s price and mining strategies.
The post Experts Debate Why Bitcoin Hashrate Plummeted in June appeared first on BeInCrypto.
