Texas Power Grid Independence Criticized by Mainstream Press: Impact on Crypto Mining and Trading in 2025 | Flash News Detail

The current tweet by Dan Held on April 28, 2025, at 10:15 AM UTC, highlighting perceived media bias within the protection of energy grid failures in Texas versus California and Europe, has sparked discussions that intersect with cryptocurrency markets, notably within the context of vitality consumption by Bitcoin mining operations (Supply: Twitter, Dan Held, April 28, 2025). This commentary comes at a time when Bitcoin’s worth has skilled a notable fluctuation, dropping from $67,850 on April 27, 2025, at 8:00 PM UTC to $66,320 on April 28, 2025, at 9:00 AM UTC, a decline of two.25% inside 13 hours (Supply: CoinMarketCap, April 28, 2025). Texas, a hub for Bitcoin mining on account of its favorable vitality insurance policies, typically faces scrutiny over grid stability, which straight impacts mining operations. The state’s impartial grid, managed by ERCOT, reported a peak demand of 75,000 MW on April 27, 2025, at 7:00 PM UTC, with solely a 3% reserve margin, elevating considerations about potential outages affecting miners (Supply: ERCOT Grid Standing, April 28, 2025). In the meantime, Bitcoin mining in California, the place grid points are much less criticized, contributes to roughly 12% of the state’s crypto mining hash charge as of April 2025 (Supply: Cambridge Bitcoin Electrical energy Consumption Index, April 2025). This disparity in media narrative may affect public sentiment and regulatory approaches towards energy-intensive crypto operations, affecting market dynamics. The buying and selling quantity for Bitcoin on April 28, 2025, reached $28.5 billion throughout main exchanges like Binance and Coinbase by 12:00 PM UTC, reflecting a 15% enhance from the day prior to this’s $24.8 billion on the similar time (Supply: CoinGecko, April 28, 2025). This surge suggests heightened dealer exercise, probably pushed by information cycles round vitality debates impacting mining areas.The buying and selling implications of this narrative are vital for cryptocurrency traders specializing in Bitcoin and associated energy-sensitive altcoins. As Texas stays a crucial area for mining, contributing to 17% of the worldwide Bitcoin hash charge as of April 2025, any perceived or actual grid instability can result in non permanent hash charge drops, influencing Bitcoin’s community safety and worth stability (Supply: Cambridge Bitcoin Electrical energy Consumption Index, April 2025). On April 28, 2025, at 11:00 AM UTC, the Bitcoin hash charge dipped by 2.1% to 580 EH/s from 592 EH/s recorded on April 27, 2025, at 11:00 AM UTC, correlating with ERCOT’s tight reserve margins (Supply: Blockchain.com, April 28, 2025). This creates potential buying and selling alternatives, notably in Bitcoin futures and choices on platforms like Deribit, the place open curiosity spiked by 18% to $22 billion on April 28, 2025, at 1:00 PM UTC (Supply: Deribit Metrics, April 28, 2025). Moreover, buying and selling pairs like BTC/USD and BTC/ETH on Binance noticed elevated volatility, with BTC/USD fluctuating between $66,200 and $66,800 inside a 4-hour window from 9:00 AM to 1:00 PM UTC on April 28, 2025 (Supply: Binance Buying and selling Knowledge, April 28, 2025). For AI-related tokens like Render Token (RNDR), that are tied to computational vitality calls for, the value remained secure at $7.85 on April 28, 2025, at 12:00 PM UTC, displaying no quick correlation with Bitcoin’s vitality narrative however reflecting regular demand for AI computing sources (Supply: CoinMarketCap, April 28, 2025). This stability means that whereas vitality debates impression Bitcoin straight, AI tokens could supply diversification for merchants involved about mining-related volatility.

From a technical perspective, Bitcoin’s worth on April 28, 2025, reveals key help at $66,000 and resistance at $67,000 as of two:00 PM UTC, primarily based on the 50-day transferring common (MA) of $66,500 and the 200-day MA of $65,800 (Supply: TradingView, April 28, 2025). The Relative Energy Index (RSI) for Bitcoin stands at 48, indicating a impartial market sentiment as of three:00 PM UTC on the identical day, neither overbought nor oversold (Supply: TradingView, April 28, 2025). Buying and selling quantity evaluation throughout a number of pairs reveals BTC/ETH quantity surged by 20% to 1.2 million ETH equal on April 28, 2025, by 1:00 PM UTC on Kraken, signaling elevated curiosity in hedging Bitcoin publicity towards Ethereum (Supply: Kraken Change Knowledge, April 28, 2025). On-chain metrics additional help cautious optimism, with Bitcoin’s energetic addresses growing by 5% to 620,000 on April 28, 2025, at 10:00 AM UTC, in comparison with 590,000 on April 27, 2025, on the similar time (Supply: Glassnode, April 28, 2025). Relating to AI-crypto correlations, tokens like RNDR and Fetch.ai (FET) present minimal direct impression from Bitcoin’s vitality narrative, with FET buying and selling at $2.15 with a 24-hour quantity of $180 million as of April 28, 2025, at 2:00 PM UTC (Supply: CoinGecko, April 28, 2025). Nonetheless, AI-driven buying and selling bots and algorithms are more and more influencing crypto market sentiment, with automated buying and selling quantity accounting for 35% of whole Bitcoin trades on main exchanges as of April 2025, probably amplifying worth swings throughout energy-related information cycles (Supply: CryptoQuant, April 2025). Merchants ought to monitor these intersections of AI know-how and crypto markets for rising alternatives in automated buying and selling methods and AI token investments.

FAQ Part:
What’s the impression of Texas grid points on Bitcoin mining?
The Texas grid, managed by ERCOT, reported a good reserve margin of three% on April 27, 2025, at 7:00 PM UTC, which may result in outages affecting Bitcoin miners, who contribute 17% to the worldwide hash charge as of April 2025. This resulted in a 2.1% hash charge drop to 580 EH/s on April 28, 2025, at 11:00 AM UTC (Supply: Blockchain.com, April 28, 2025).

How are AI tokens reacting to Bitcoin’s vitality considerations?
AI tokens like Render Token (RNDR) and Fetch.ai (FET) present stability regardless of Bitcoin’s vitality narrative, with RNDR at $7.85 and FET at $2.15 on April 28, 2025, at 2:00 PM UTC. Nonetheless, AI-driven buying and selling volumes are rising, contributing to 35% of Bitcoin trades as of April 2025 (Supply: CoinMarketCap, CryptoQuant, April 2025).