Bitcoin Mining’s 7-Day Average Hash Rate Has Soared Recently “Hashrate” refers to a metric that tracks the total amount of computing power that Bitcoin miners as a whole currently have connected to the network. Its value is measured in units of hashes per second (H/s), or the largest and most practical terahashes per second (TH/s)….
Bitcoin prices are volatile and have recently fallen from a high of over $73,000 in March to current spot levels. Analysts are turning to historical data to gain insight into growing selling pressure and some investors’ concerns about potential near-term losses. This historical analysis is crucial in determining whether we have reached a market high…
Bitcoin price rose above $50,000 and mounted a sustained rally to $53,000 before falling again, something that took the market by surprise. However, with expectations increasingly strong for the cryptocurrency, this could signal the time for a possible correction and crypto analyst and market expert Michaël van de Poppe believes this correction could reach 40%….
Currently, Bitcoin is witnessing a drop in price, with its value falling below the $42,000 mark. This move follows a significant increase in the circulating supply of profitable Bitcoin, triggering a wave of profit-taking among investors. ETC Group’s head of research, André Dragosch, highlights this trend and observes an increase in the transfer of Bitcoin…
Bitcoin (BTC) price has retested the $30,000 price level following its sustained resurgence the previous week. Bitcoin is trading at a market capitalization of $30,135, up 1.47% at the time of writing. This growth highlights the performance of the main currency in the following week period, in which it jumped 11.91%. Bitcoin dominance hits 3-year…
Bitcoin value briefly dipped below the $26K threshold at 5:50 PM. ET on Thursday before quickly breaking above the $26,000 benchmark. At the same time, the expansive cryptocurrency backdrop saw an 8% drop against the US Dollar, teetering dangerously close to falling below the $1 trillion threshold. Additionally, a staggering $1 billion worth of derivatives…
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