Author: NBTC
The hashrate of Bitcoin has been declining for a few weeks. Taking as a reference the seven-day moving average calculated by Hashrate Index, after reaching the new all-time high at 850 Eh/s on February 8th, just a few days later it had already returned to 812 Eh/s. A couple of days ago it had returned to 841 Eh/s, but today it is back to 816. The records of Bitcoin’s hashrate The difficult market conditions The cost of mining Energy consumption The records of Bitcoin’s hashrate The global Bitcoin hashrate is an estimate that measures the computing power allocated overall in…
Bitcoin, the number one cryptocurrency by market cap, has put an abrupt stop to opinion pieces about an impending bear market by suddenly adding more than $3,000 to its price tag within just hours. Earlier today, the flagship cryptocurrency slipped to as low as $91,315 on the Bitstamp exchange. It plunged to the lowest level since Nov. 26. The cryptocurrency’s plunge prompted speculation about the end of Bitcoin’s bull markets. However, these concerns were rather premature given that the cryptocurrency has managed to pare its losses within a relatively short span of time and turn green on the daily chart.…
The establishment of the IOTA-Imperial College Lab underscores its commitment to research and innovation. IOTA has rebounded from a critical Fibonacci retracement level, with analysts predicting next price targets of $0.6258, $0.7232, and $0.8101. The IOTA ecosystem has indeed gone through a complete transformation in the past year. It is now at the forefront of distributed ledger technology, having increased its usage cases and defined its market presence. Recent developments point to the progress IOTA has made in tokenization, digital trade finance, regulatory compliance, and decentralized infrastructure, per the CNF report. A Look At Key Achievements In 2024 Amongst its…
Bitcoin mining is a tough business. When one considers deploying economic resources to mine traditional commodities such as gold, copper or oil, prospecting for those resources in the field is always done beforehand, to ensure that any capital invested in a mining project will not be in vain. But due to the very nature of Bitcoin’s security protocol, miners are not able to prospect for anything, since finding a block is a purely statistical and random event. Since there are only 144 blocks to be found per day, there is no way to ensure that a miner’s work will be…
A crypto strategist known for accurately calling Bitcoin’s retracement earlier this year warns that BTC is flashing signals that could lead to an extended corrective period. Pseudonymous analyst Rekt Capital tells his 524,500 followers on the social media platform X that BTC shattered two support levels on the weekly chart, suggesting that its short-term uptrend has come to an end. According to the analyst, the price action indicates that BTC could take a breather in the coming weeks. “The weekly support has been lost. The five-week technical uptrend is over (orange). Bitcoin is showing increasing signs of transitioning into a…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. There was no shortage of crypto price predictions this year, particularly (it seemed) in November and December after the election. Some had been eyeing the $125,000 level for BTC at the end of 2024, while others did warn of a pullback. Where we stood at 2:10 pm ET Monday: BTC at ~$94,300 and ETH at ~$3,400. Bitcoin has dropped roughly 12% since rising above $108,000 on Dec. 17. Ether was trading higher than the $4,000 mark that day, but has fallen 15% since. 21Shares research strategist…
Ripple, the San Francisco-based blockchain behemoth, which operates the currently third largest cryptocurrency XRP, has issued a tweet that highlights the recent official release of the company’s new product RLUSD and shares details of it, as well as access to the whitepaper. “Say hello to Ripple USD” In the aforementioned Ripple post, the company invited the crypto community to “say hello to Ripple USD” — a product “backed by over 10 years of on-chain experience.” The post also contains a link leading the Ripple website where anyone can gain access to the RLUSD whitepaper. The RLUSD page on Ripple’s website…
AgentXYZ, an advanced platform for trading terminals, is excited to announce its strategic collaboration with Kima Network, a protocol for cross-chain money transfers. This integration of Kima Network into AgentXYZ aims to enhance later’s Trading Terminal. Additionally, this strategic collaboration provides its users with a chance to leverage frictionless asset transfer, aiming to increase efficiency. 🕵️♂️ Strategic Partnership Announcement!We’re excited to announce our partnership with @KimaNetwork, a cross-ecosystem money transfer protocol that enables seamless and secure TradFi/DeFi interoperability without the need for smart contracts. This integration will be added to our… pic.twitter.com/hsCGTeZvUq — AgentXYZ | DeFAI Trading Terminal (@AgentXYZ_ai) February…
Donald Trump clinched the presidential nomination in November, creating a frenzy of bitcoin price predictions that range from a modest $130,000 to a mind-bending $49 million per coin. Top Minds Predict Bitcoin’s Price Trajectory A black swan event is an occurrence so rare and unpredictable that no one sees it coming, yet its impact is far-reaching and profound. The election of a pro-bitcoin U.S. president – a man who just three years ago called the dominant cryptocurrency a “scam” – would fit neatly into the black swan category. Add to that scene the historic January spot bitcoin exchange-traded fund (ETF)…
Shibburn tracking platform has revealed that over the past day, a substantial amount of SHIB meme coins has been transferred out of circulation and into dead-end wallets. Several tens of millions of SHIB has been burned with the majority gone in a single transaction performed by an anonymous whale. 31.4 million SHIB burned anonymously in one go The tweet published by Shibburn earlier today shows that the burn rate of the second most popular canine-themed meme coin SHIB has surged by 1,634.41% in total. All-in-all, this time the SHIB community has managed to lock 32,567,798 SHIB out of circulation. Almost…