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)….
An outage occurred on Microsoft-based machines on Friday, leaving several sectors, such as aviation, railways and finance, dysfunctional or functional with limited capabilities. It happened when CrowdStrike, a cybersecurity company, released a new update that went wrong. No hackers were involved in the accident. With this, BTC rose to over $67,000, starting the day at…
Crypto analyst Willy Woo recently explained what needs to happen for Bitcoin to continue its bull run. The leading cryptocurrency has been in decline for some time and has not made any significant advances since reaching its current all-time high (ATH) of $73,750 in March earlier this year. What needs to happen for Bitcoin to…
Bitcoin rose again above the $70,000 level in the last day, despite the negative volume of net borrowers of the asset. Bitcoin net borrower volume has seen huge negative spikes recently As Maartunn, community manager at CryptoQuant Netherlands, explained in a post on “Net Taker Volume” is an indicator that tracks the difference between Bitcoin…
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 [BTC] has been trending higher over the past week, and a rise in transaction fees has reflected this increase. However, the increase in rates cannot be attributed solely to rising prices; on the contrary, it is also influenced by a slight increase in ordinal transactions observed during the week. Double Bitcoin Fees Data from…
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%….
The global cryptocurrency market cap has lost $40 billion over the past 24 hours amid the sustained market-wide turbulence that has seen several assets, such as Bitcoin (BTC) and Ethereum (ETH) drop by shocking margins. This downtrend, which started on Jan. 12 following the initial hype surrounding the spot Bitcoin ETF approval, has endured amid…
Data shows that the Bitcoin premium on Coinbase has soared amid the recent rally. Here’s what that says about the source of the increase. Bitcoin Coinbase Premium Spread Turned Extremely Positive As Maartunn, community manager of CryptoQuant Netherlands, points out in a new post The “Coinbase Premium Gap” is an indicator that tracks the difference…
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