Author: NBTC
Following September’s slump to its lowest revenue of the year, bitcoin miners had a profitable October, recording a 25.05% revenue increase. Bitcoin Mining’s October Comeback On Oct. 31, one petahash per second (PH/s) of computing power was valued at $54.52 per PH/s, the highest hashprice in 30 days. As of today, however, the spot market hashprice stands at roughly $46.55 per PH/s after bitcoin slipped below $70,000 to the $69,400 range. Data also shows that on Oct. 17, hashprice edged past the $53 mark as well. In total, bitcoin miners earned 25.05% more in October compared to September. That month,…
Ethereum’s support line has held firmly at $2,770, preventing further downside over the past three months. Analysts expect a possible breakout in November or December, pushing Ethereum toward a $3,700 target. Market dynamics indicate a bullish trend, with the 100 EMA supporting ETH’s upward trajectory. Ethereum (ETH) is holding strong at a vital support line, signaling possible bullish momentum ahead. According to a three-day price chart, Ethereum has maintained its position along a rising support line that has sustained its recent uptrend. This pattern and technical signals suggest a possible breakout by year-end, with analysts eyeing a target of $3,700.…
Justin Sun, the founder of Tron, believes the blockchain can now be succinctly described as a “Solana killer.” Sun expressed this perspective during a recent interview with Altcoin Daily. His statements emphasize Tron’s ambition to dominate the meme coin space, outperforming other blockchains in key areas such as liquidity, transaction speed, and security. Tron’s Competitive Edge In the interview hosted by Austin Arnold, Sun compared Tron to other prominent blockchains, particularly Solana and Ethereum. According to Sun, Tron offers faster and cheaper transactions than Ethereum while remaining resistant to issues like Maximal Extractable Value (MEV), which can affect transaction fairness.…
Este artículo también está disponible en español. Bitcoin price started another decline below the $57,200 zone. BTC is showing bearish signs and might soon test the $55,000 support zone. Bitcoin is gaining pace below the $58,000 support zone. The price is trading below $57,500 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $58,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could struggle to recover above the $57,650 or $58,000 resistance levels in the near term. Bitcoin Price Takes Hit Bitcoin price…
Ethereum price started a fresh decline from the $2,720 resistance. ETH is back below $2,550 and might struggle to start a fresh increase in the short term. Ethereum started a fresh decline from the $2,720 resistance zone. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $2,560 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it fails to stay above the $2,450 support zone. Ethereum Price Dives Below $2,550 Ethereum price struggled to stay above $2,650…
The much-anticipated launch of the token for the popular Telegram project Catizen (CATI) will take place on September 20. Spot trading of CATI on OKX will begin on September 20 at 10:00 UTC, according to the official announcement from the exchange platform. Here’s what you need to know about the Catizen token launch ahead of its listing. Catizen on OKX and Other Exchanges CATI deposits became available on September 9. On the listing day, a call auction will take place from 9:00 to 10:00 UTC (12:00 to 13:00 Kyiv/Moscow). After that, spot trading of the token will open in pairs…
The price of Bitcoin (BTC) is in a sideways trend following the price crash on August 27. Bitcoin traded below the moving average line last week, but above the $58,000 support level. Long-term forecast for the Bitcoin price: fluctuating Today, the largest cryptocurrency fell below its current support and reached a low of $56,010. On the downside, Bitcoin has moved away from the moving average lines. In other words, the bears will try to push Bitcoin down to the $55,000 support. Since the price drop on August 5, Bitcoin has remained above the $55,000 support but below the moving average…
Peter Brandt, considered by many as a trading legend, and whose insights are followed by many with special attention, has released a new review of the Ethereum price. It is difficult to call it positive, to say the least. Thus, the expert showed on the price chart of the main altcoin what could be a potential 38% collapse in its quotes. Now quoted at levels around $2,500 per ETH, the digital asset still looks bearish in the trader’s opinion, and despite the recent brief “greening” of the price, Ethereum has not received a buy signal. As you can see on…
Bitcoin (BTC), the world’s leading cryptocurrency, experienced a significant decline in the past 24 hours, dropping 4.09% to $56,586 from a recent high of $61,000. This sharp downturn has reignited concerns of a potential bear market among investors. As pointed out in a Santiment feed, the crash sparked a surge in the talks of “bear market” on social media platforms with this being the highest spike in crowd bear market discussions since the crashes on August 4th and August 5th when BTC dropped to lower $50K price levels. However, there has also been a slight uptick in positive sentiment, with…
Ethereum price resumed its downward trend this week as odds of Donald Trump winning next week’s general election retreated. Ether fell to $2,500, a few points below this week’s high of $2,725. Donald Trump’s odds of winning Ethereum and other cryptocurrencies have retreated sharply in the past few days as Polymarket data showed that Trump’s odds of winning the election fell to 62% on Friday, down from this week’s high of $67%. Kamala Harris odds have moved to 38%. The same trend has happened in other markets. His odds on Kalshi have dropped from 62% to 56%, while PredictIt’s odds…