Category: Bitcoin
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Bitcoin Hashrate Records New ATH Surpassing 740 EH/s
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the Bitcoin network hash rate Bitcoin hit an all-time high on September 3, surpassing 740 exahashes per second (EH/s). This comes even as Bitcoin prices trade below $60,000. New in: #BitcoinBitcoin’s hash rate has reached an all-time high ? pic.twitter.com/BiLY3pRRIV — Bitcoin Magazine (@BitcoinMagazine) September 3, 2024 The higher hash…
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Bitcoin ETFs take $50 billion baby steps toward big time By Reuters
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By Susan McGee (Reuters) – Bitcoin exchange-traded funds (ETFs) are expected to attract $55 billion in assets in the first five years, Matthew Hogan told an industry panel in October. By late August of this year, about eight months after their debut, the 10 new funds approved by U.S. regulators…
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Bitcoin Plunges Under $58,000 As Coinbase Users Sell BTC
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Data shows that Bitcoin users on the Coinbase exchange have been selling recently, which is likely the reason behind BTC’s drop below $58,000. Bitcoin drops below $58,000 in latest drop Contrary to what investors might have hoped, Bitcoin didn’t appear to be shaking off the downward winds as the currency…
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Bitcoin Plunges Under $58,000 As Coinbase Users Sell BTC
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Data shows that Bitcoin users on the Coinbase exchange have been selling recently, which is likely the reason behind BTC’s drop below $58,000. Bitcoin drops below $58,000 in latest drop Contrary to what investors might have hoped, Bitcoin didn’t appear to be shaking off the downward winds as the currency…
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Bitcoin Price Rebounds, But Key Hurdles Could Stall Progress
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This article is also available in Spanish. Bitcoin price started a recovery wave from the $57,200 area. Bitcoin price is rising, but it may face difficulty to surpass the $60,200 and $61,150 resistance levels. Bitcoin is trying to make a recovery wave above the $58,000 support area. The price is…
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Bitcoin Price Rebounds, But Key Hurdles Could Stall Progress
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This article is also available in Spanish. Bitcoin price started a recovery wave from the $57,200 area. Bitcoin price is rising, but it may face difficulty to surpass the $60,200 and $61,150 resistance levels. Bitcoin is trying to make a recovery wave above the $58,000 support area. The price is…
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Bitcoin Decline Not A Cause For Alarm, $100,000 Still In The Cards, Analyst Says
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This article is also available in Spanish. Bitcoin price fluctuations recentlyincluding the collapse below $50,000 last month, which has slowed the momentum of the cryptocurrency market significantly. Expected to rise by many analystsDespite the calm prices, one cryptocurrency analyst believes that Bitcoin’s rally is still on track, and predicts a…
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Whale buys 2,000 Bitcoin in 4 days, now holds $490m in BTC
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A large Bitcoin transaction was recorded on September 2 when an investor purchased 1,000 Bitcoins for $57.3 million. These whales buy signs Second time Within four days, 1,000 Bitcoin (BTC) were acquired on Binance, bringing the total accumulation to 2,000 BTC. The investor currently holds 8,559 BTC, worth $490 million.…
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Whale buys 2,000 Bitcoin in 4 days, now holds $490m in BTC
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A large Bitcoin transaction was recorded on September 2 when an investor purchased 1,000 Bitcoins for $57.3 million. These whales buy signs Second time Within four days, 1,000 Bitcoin (BTC) were acquired on Binance, bringing the total accumulation to 2,000 BTC. The investor currently holds 8,559 BTC, worth $490 million.…
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Bitcoin Edges Higher But This On-Chain Indicator Says Wait
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At the time of writing, Bitcoin price is holding steady, finding support at the $56,300 to $57,000 level, looking at the performance on the daily chart. Technically, sellers have the upper hand from an effort vs. outcome perspective. For the short-term trend to change, prices must recover the losses incurred…
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Bitcoin Edges Higher But This On-Chain Indicator Says Wait
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At the time of writing, Bitcoin price is holding steady, finding support at the $56,300 to $57,000 level, looking at the performance on the daily chart. Technically, sellers have the upper hand from an effort vs. outcome perspective. For the short-term trend to change, prices must recover the losses incurred…
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Is Another Massive Bitcoin Sell-Off Coming?
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This article is also available in Spanish. Bitcoin posts second-worst monthly close In 2024, after finishing August with losses of 8.6%. This is slightly less than the losses of April, when the price fell by 14.76% in a single month. As this red close shook investors, September followed with mixed…
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Bitcoin Price Drifts Lower: Will the Grind Continue?
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Bitcoin price losses extended below the $58,500 support area. Bitcoin is struggling and may continue moving towards the $55,000 support area. Bitcoin is gaining momentum below the $60,000 support area. The price is trading below the $59,000 level and the 100-hour simple moving average. There is a connected bearish trend…
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Bitcoin Price Drifts Lower: Will the Grind Continue?
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Bitcoin price losses extended below the $58,500 support area. Bitcoin is struggling and may continue moving towards the $55,000 support area. Bitcoin is gaining momentum below the $60,000 support area. The price is trading below the $59,000 level and the 100-hour simple moving average. There is a connected bearish trend…
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Bitcoin Price Under Pressure? Analyst Explains Why Retreat Below $66,000 Is Bad News
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Opeyemi is a skilled writer and passionate about the exciting and unique world of cryptocurrencies. Although the digital asset industry was not his first choice, he has been fully drawn to it since he entered the field over two years ago. Now, Opeyemi prides himself on creating unique pieces that…
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Bitcoin In ‘Neutral’ Zone: What This Means, According To Analyst
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Bitcoin, the leading cryptocurrency and the largest digital asset, is currently trading at $58,877 after a somewhat negligible price action in the last day. According to Data from CoinMarketCapThe leading cryptocurrency saw more declines than increases in August, resulting in a decline of 8.46% over the month. As September begins,…
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Bitcoin In ‘Neutral’ Zone: What This Means, According To Analyst
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Bitcoin, the leading cryptocurrency and the largest digital asset, is currently trading at $58,877 after a somewhat negligible price action in the last day. According to Data from CoinMarketCapThe leading cryptocurrency saw more declines than increases in August, resulting in a decline of 8.46% over the month. As September begins,…
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Is Bitcoin (BTC) Headed For A Deeper Correction? $56K Breakdown Could Spell Trouble
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Bitcoin is currently experiencing volatile and uncertain price action, with the recent 10% correction sparking investor concerns. While this decline is smaller than the 30% declines seen in recent months, it is doing much more damage to market sentiment as investors grow increasingly concerned about ongoing market dynamics. The mood…
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Bitcoin Hash Price Hits New Low — Is It Time To Buy?
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Opeyemi is a skilled writer and passionate about the exciting and unique world of cryptocurrencies. Although the digital asset industry was not his first choice, he has been fully drawn to it since he entered the field over two years ago. Now, Opeyemi prides himself on creating unique pieces that…