Author: NBTC

According to data provided by CoinWarz, Bitcoin mining difficulty has reached a new record high of 109.78 trillion. The latest positive difficulty adjustment took place on Sunday. The widely tracked metric has increased by 1.16%. Bitcoin mining difficulty has now grown 24% over the past 90 days. It has added 52% since the start of the year. The next difficulty adjustment, which is expected to take place on Jan. 14, is expected to be a negative one. The key metric is currency projected to plunge by more than 8% to roughly 100.7 trillion. It is worth noting that mining difficulty…

Foundry USA Pool – the largest Bitcoin mining pool by hash rate – recently took action to return an 8.18 BTC transaction fee, which is roughly worth $777,000, that had been accidentally overpaid. The error occurred on December 19 during the mining of block 875475, which included a transaction with a fee 91,127 times higher than what was needed. Foundry Refunds Large Overpaid Bitcoin Fee After recognizing the mistake, Foundry reached out to the sender and refunded the excess fee after assessment. In a statement to The MinerMag, the mining pool assured that this refund did not affect the payouts…

Cryptocurrency analyst and trader Ali Martinez has shared data that shows that cryptocurrency whales have accumulated a massive amount of XRP over the past few days. It happened once the XRP dropped substantially and the market provided a big buy-the-dip opportunity. According to his tweet and the data shared by Santiment on-chain data vendor, between Dec. 4 and 7, when the XRP price displayed a drastic 23% plunge from $2.90 to $2.22, whales charged and grabbed a mind-blowing 120 million XRP worth approximately $288 million at the time of the purchase. While $XRP dropped from $2.90 to $2.22, whales bought…

In recent events, several long-dormant Bitcoin wallets have come back to life. These wallets, untouched for years, suddenly showed activity, raising questions about the motives and timing behind these transactions. The dormant wallets, some inactive for over a decade, are believed to belong to early adopters or miners who accumulated Bitcoin during its infancy. The sudden activation of these wallets has sparked speculation about whether the owners are cashing out, reengaging with the market, or planning for a strategic move amid current market conditions. In the last 24 hours, on-chain data reports the activation of two wallets that have remained…

According to the latest analysis shared by cryptocurrency analysis company Santiment, the lack of FOMO observed in an altcoin could be a harbinger of an increase. Chainlink (LINK) has staged a late rally this week and currently needs to gain just 10% to recapture a three-year high following its peak in January 2022, according to the analytics firm. Despite the rise, the analytics firm claims that there is very little FOMO in LINK. The company interprets this as a positive sign. According to Santiment, markets tend to move in a direction contrary to the community’s expectations, and therefore the community’s…

The Bitcoin market shows extreme greed, according to Into The Cryptoverse founder Benjamin Cowen. In an X post, the crypto analyst shared a screenshot of the Bitcoin Fear and Greed Index, tracking its trajectory over the past six years. #BTC Fear & Greed Index = 84 pic.twitter.com/PiGdI9Vr3X — Benjamin Cowen (@intocryptoverse) November 30, 2024 Cowen’s post highlighted the sentimental metric’s link with BTC’s price development since 2018, indicating the evolution of the Bitcoin market sentiment with price changes. The shared chart exposed the real metric’s behavior compared to the empirical analysis of how the market should respond, depending on the…

The real-world asset (RWA) sector has experienced meteoric growth over the past three years, soaring 58 times its previous valuation. Recent data from DeFiLlama revealed that its total value locked (TVL) now stands at an all-time high of $8.217 billion, with a $1 billion spike coming within the last seven days alone. Major Players Fueling Growth Market leaders such as stablecoin issuer Usual and decentralized finance (DeFi) investment management platform Hashnote are at the forefront of this explosive growth. Numbers from DeFiLlama indicate that Hashnote saw a weekly increase of 65.58%, while Usual recorded a slightly higher growth of 65.65%.…

Bitget Token (BGB) enhances user experience with discounted fees, staking rewards, and scalable high-volume processing. Kaspa (KAS) tackles the blockchain trilemma with GHOSTDAG consensus, achieving fairness, security, and decentralization. XRP drives cross-border payments with ultra-low fees, fast transactions, and integrated decentralized exchange capabilities. Top crypto gainers showcase exceptional scalability and innovation. Bitget Token (BGB), Kaspa (KAS), XRP, Algorand (ALGO), and Quant (QNT) lead with groundbreaking technologies, offering enhanced functionality for trading, cross-border payments, decentralized applications, and blockchain interoperability. Bitget Token (BGB) Drives Scalability Current price: $2.79 Market cap: $3.90B Bitget Token (BGB) supports the Bitget exchange’s growing platform, offering discounted…

Bitcoin’s (BTC) remarkable rally hit a brief pause after November 22, as investors grew impatient waiting for the cryptocurrency to breach the highly anticipated $100,000 mark. Now teetering just below this critical psychological level, Bitcoin appears primed for a breakout that could propel it to new highs. Despite losing some market dominance amid an ongoing altcoin surge, Bitcoin remains the cornerstone of the cryptocurrency sector, supported by strong technical patterns and robust fundamental drivers. Technical outlook: Key levels and bullish signals Notably, prominent analyst RLinda highlights Bitcoin’s consolidation phase as a precursor to significant growth. According to the analyst, the…

CoinMarketCap has revealed an impressive report showcasing the explosive growth of the Real-World Asset (RWA) sector. The report has showcased RWA’s market capitalization soared to $47.8 billion. This marks a 68.3% monthly increase and a 119.3% year-over-year surge. This groundbreaking increase brings the sector back to its April 2024 levels. 📈 RWA market cap soars to $47.8B! Ripple tokenizes abrdn’s $4.8B fund on XRPL. Ondo integrates LayerZero for cross-chain USDY transfers.Read our full analysis 👇https://t.co/M6oynQmsvH — CoinMarketCap (@CoinMarketCap) December 6, 2024 In a broader sense, Bitcoin ($BTC) flirts with its $100K milestone and altcoins regain dominance. These moves of the…