Bitcoin mining consumes roughly 0.5% of all energy consumption worldwide, according to the New York Times. That’s roughly seven times more than Google’s total energy consumption per year, the report said. Bitcoin’s negative environmental impact is expected to become a bigger issue as cryptocurrency gains more popularity. See more stories on Insider’s business… Source link

Bitcoin (BTC) has been the uncontested cryptocurrency market leader since its creator launched the digital asset in 2009 and to date, it continues to be the dominant force in the industry.  This truth was put on display on Sep. 6 when BTC price rose to the $52,000 level and ignited a market-wide rally that lifted the price of small- and large-cap altcoins. When Bitcoin rallies, most of the legacy coins like Litecoin, Bitcoin Cash, XRP and Stellar tend to move in tandem. Now that BTC looks… Source link

Certain altcoins took a bullish turn following Bitcoin and Ethereum’s upward movement. NEO logged an impressive 9.7% appreciation and was close to testing its immediate resistance of $65.71. Litecoin too gained by 6.8% amidst growing institutional interest. It could revisit $232.56 which is a multi-month high for the coin. Solana made minor gains while trading sideways on its charts, although it traded close to its all-time high of $143.77. Litecoin (LTC) LTC/USD, TradingView LTC… Source link

The wider cryptocurrency market is showing signs of strength on Sept. 6 as Bitcoin (BTC) bulls battle for control at the $51,500 level.  Altcoins have benefited from Bitcoin’s strong showing, with many seeing gains in excess of 20%, and the Altseason Indicator from Cointelegraph Markets Pro continues to signal that market conditions are tilted toward further gains for altcoins. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph… Source link

Chainlink emerged as one of the best cryptocurrency performers on Sept. 6 as the price of its LINK token jumped 8.25% against the U.S. dollar. The LINK/USD exchange rate reached $36.35 for the first time since May 20, months after bottoming out near $13.45 — thus recovering by more than 170% altogether. At the same time, its recent bout of buying saw prices bringing in about 36% month-to-date returns. Ecosystem growth Optimism Ethereum announced on Sept. 1 that it had integrated… Source link

The ethereum network runs the ether cryptocurrency, the second-biggest after bitcoin. Dado Ruvic/Reuters Ethereum recorded negative daily net issuance for the first time on Friday, The Block data shows. Analysts said a boom in NFTs was pushing up use of the network – leading to more tokens being burned. A network overhaul in August led to some of each transaction fee being “burned”, or destroyed. See more stories on Insider’s business page. More ether was burned than created on… Source link

Monero price remains buoyed above $300 as extreme greed drives the crypto market. The crypto fear and greed index is currently at $79 compared to the previous session and week’s level of $73. Notably, the bullish sentiment boosted the leading cryptocurrency to its highest level since mid-May at $52,256.12. At the same time, various altcoins, just like Monero price, have exhibited a similar trend. For instance, Ethereum Classic surged to its highest level… Source link

Bitcoin (BTC) began testing new support levels on Monday after an overnight rally paused at $52,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: Bitcoin needs to keep $47,000 to avoid “breakdown” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD challenging $51,000 after breaking through the level for the first time in nearly four months. In so doing, the largest cryptocurrency was “likely” testing the staying power of support, which had acted as… Source link

Bitcoin has been touted as the digital gold in various quarters, and an investment trust now believes the cryptocurrency’s upward potential is massive. Bitcoin Still Has A Massive Upward Potential Bitcoin has been one of the leading financial assets in the world over the past decade, delivering thousands of percentages in profits to the early investors. The past few months have seen numerous hedge funds and other institutional investors enter the cryptocurrency market. Their entry marks a… Source link

advertisement The aggregated open interest of Ethereum futures reached an all-time high today, just four months after the overall crypto market’s fallback. According to data from Bybt, Ethereum’s futures open interest hit $11.68 billion for the first time, as of 10:00 UTC time. This shows a sharp resurgance after a big drop. These levels were last seen in mid-May, when the crypto markets were at their highest. When prices dropped, open interest fell too, reaching as low as $4.43 billion… Source link