Author: NBTC
Much like the end of 2023, when Bitcoin broke records with its transactional volumes and hashrate, the cryptocurrency rang in New Year’s Eve with a bang. The network’s computational power hit a jaw-dropping peak of 808 exahash per second (EH/s), smashing through previous limits. From 948,000 H/s to 808 Quintillion: Bitcoin’s 16-Year Evolution in Mining Power Bitcoin’s hashrate enters 2025 at a blistering pace, setting the stage for yet another groundbreaking year. Data from hashrateindex.com reveals that the seven-day simple moving average (SMA), widely regarded as the most accurate gauge of network performance, hit a staggering 808 EH/s on Dec.…
On Nov. 28, 2012, Bitcoin underwent its first halving at block 210,000. This event halved the block reward from 50 BTC to 25 BTC. Crypto ranking platform CoinGecko took to X to share this milestone as Bitcoin’s historic first halving event marked its 12th anniversary. The halving mechanism, built into Bitcoin’s code by its pseudonymous founder Satoshi Nakamoto, is scheduled to occur every four years, or every 210,000 blocks. This process continues until the maximum supply of 21 million Bitcoins is reached. Exactly 12 years ago today, the 1st #Bitcoin halving took place, reducing the block reward from 50 to…
The supply of the second-largest cryptocurrency by market capitalization, Ethereum’s ether, has dropped by around 0.02% over the past two years after the network’s merge with the Beacon Chain, which moved it to a Proof-of-Stake consensus algorithm. According to the founder of 1confirmation Nick Tomaino, over the same period the supply of the flagship cryptocurrency bitcoin moved up 1.83% per year to 19.8 million BTC. Per his words, while knowing bitcoin’s supply is capped to 21 million that will be mined by 2140 is “better than trusting central bankers,” deflation based on usage “is better still.” Tomaino added that when…
Meteora has introduced M3M3 — pronounced “meme” — a new project looking to change the way meme coins operate by presenting staking incentives for investors. However, some analysts are concerned about its operating mechanism. The platform facilitated the launch of the M3M3 token to serve as a test run for this concept, with the token quickly gaining traction among the crypto community. Understanding the M3M3 platform M3M3 is Meteora’s attempt to address the challenges in the meme coin market, where the majority of tokens fail to sustain long-term value. Data confirms the grim state of meme coins, as out of…
The question of whether – and even more so when – Bitcoin (BTC) is set to cross the long-awaited threshold at $100,000 has been the talk of the globe throughout November. Indeed, having risen approximately 40% between election day and press time on November 28, the world’s premier cryptocurrency is closer than ever to the ambitious target and even found itself within $1,000 of the six digit figure on November 22. Still, the high volatility and several successive corrections – started in earnest on Sunday, November 24 – have reignited the question of whether $100,000 is truly within reach or…
Ether (ETH), the second-biggest cryptocurrency by market cap, is likely to outperform larger rival bitcoin (BTC) in 2025, Steno Research said in a report Sunday, citing historical trends and Donald Trump’s U.S. election victory. Bitcoin is predicted to reach a minimum of $150,000 next year, up from about $94,000, while ether will more than double to at least $8,000 from $,3400, the report said. Steno said it expects the ether/bitcoin ratio to rise to 0.06 in the next 12 months from the current 0.0357, echoing the price action seen in previous cycles. Altcoins will be in focus, it said. “This…
The election of Donald Trump to the office of President will go down in history as one of the most pivotal events of the year. Although pollsters were projecting a tight race, in the end, the GOP candidate secured victory over incumbent Vice President Kamala Harris in each swing state. Some of Trump’s proposed economic policies — in particular, his preference for tariffs, have caused widespread worry among market participants. They’re far from a done deal — Trump’s first term did include a bevy of promises that were ultimately not kept. However, the markets have certainly been fairly bullish regarding…
Jan. 7 could mark a turning point, as Usual plans to activate the token fee switch for real value sharing. The real-world asset stable coin protocol Usual (USUAL) has recently hinted at the activation of its token fee switch. The fee switch era begins.2025 marks a turning point for DeFi: real value, real distribution.Get your USUAL ready for January 7th.A new year, a new standard. Let’s make 2025 the year of USUAL. pic.twitter.com/kXQXTrinjK — Usual (@usualmoney) January 1, 2025 This announcement comes at a pivotal time for USUAL, as the protocol has experienced a notable decline in its recent market…
Will Ethereum (ETH) trigger a triangle breakout rally in the new year, potentially reaching the next supply zone above $3,500? With Bitcoin dropping below $93,000, Ethereum struggles to maintain critical levels. The bearish pressure on the price chart intensifies, and institutional support is at risk. Despite these challenges, Ethereum shows potential for a bounce back. Can the ETH price trend reverse in a V-shaped pattern, leading to a breakout rally to $3,568? Ethereum Price Analysis Amid increasing price volatility in Bitcoin, Ethereum has fallen below the $3,400 mark. While respecting the local support trendline, Ethereum has consolidated slightly above the…
A recent Keyrock report highlighted that 90% of token unlocks exert negative price pressure, though the effects often take up to 30 days to materialize fully. Approximately $600 million of previously locked tokens are regularly circulated. With predetermined schedules, these unlocks flow to teams, investors, and ecosystem funds. The report noted the importance of tracking these schedules for traders aiming to time the market effectively. Even before tokens are released, unvested investors’ preemptive selling and hedging strategies contribute to downward pressure, with prices typically stabilizing within two weeks of the unlock event. While intuition suggests larger unlocks would have a…