While bitcoin has been hovering above the $60K handle for a great majority of the last 28 days, the network’s hashrate has jumped considerably during that time as well. Since August 13, Bitcoin’s hashrate has climbed 42% from 110 exahash per second (EH/s) to today’s 157 EH/s. Moreover, after nine consecutive difficulty changes, going forward, it will be 50% more difficult to mine bitcoin than it was three months ago for the next two weeks. Bitcoin’s Hashrate Follows the Price… Source link

Ethereum Ethereum fell by 1.14% on Friday. Partially reversing a 1.94% gain from Thursday, Ethereum ended the day at $4,667.34. A mixed start to the day saw Ethereum rise to an early morning intraday high $4,809.27 before hitting reverse. Coming within range of the first major resistance level at $4,811, Ethereum slid to a late afternoon intraday low $4,508.42. Ethereum fell through the first major support level at $4,606 before a partial recovery to end the day at $4,660 levels. At the time of… Source link

What is Litecoin? How was the name derived? Before doing the technical analysis of Litecoin, it would be great to know the history of the coin alongside its name derivation. So, let’s dive into further in-depth details. As we all know, the identities and properties of all digital coins are unique. Therefore, each digital currency possesses its own unique identity. In the case of Litecoin, it also has different features as compared to other cryptos. At the end of 2010, Charlie… Source link

Exchange Rates UK TV – Monero daily Ichimoku analysis .embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; } [embedded content] If you can’t view the video, please watch on Youtube. Subscribe and watch forex and cryptocurrency technical analysis / forecast videos on our new channel: Exchange Rates UK… Source link

What happened  The value of cryptocurrency giant Bitcoin (CRYPTO:BTC) has fallen as much as 4.5% in the last 24 hours and was down 1.3% as of 3:20 p.m. EST on Friday. The token is down about 7.2% since hitting an all-time high of $69,000 in trading on Wednesday.  So what The biggest news in the world of Bitcoin is that the City of Miami plans to hand out free Bitcoin to residents from the profit of its Miami Coin. The coin has generated $21 million… Source link

Bears swooped in to seize the upper hand on Nov. 12 after news that the United States Securities and Exchange Commission (SEC) had rejected the VanEck spot Bitcoin (BTC) exchange-traded fund (ETF) application made ripples through the crypto sphere and deflated the bullish momentum that had been building throughout the week.  While many investors had high hopes that the passage of a spot BTC ETF would send the price of Bitcoin to the coveted $100,000 price level, its denial was expected by… Source link

What happened This week, Ethereum (CRYPTO:ETH), Bitcoin Cash (CRYPTO:BCH), and Litecoin (CRYPTO:LTC) each saw impressive gains. These tokens appreciated between 20% and 47% at their intraday weekly highs. Indeed, in the crypto world, such moves aren’t necessarily surprising. However, the common catalyst driving these three cryptocurrencies higher may be worth looking at. The catalyst in question happens to be a key announcement from AMC… Source link

The share of Bitcoin’s market capitalization as a percentage of the overall crypto market cap fell sharply this year. The fall in Bitcoin’s is the result of investors opting for altcoins, which also offer decentralized apps, non-fungible tokens and other relatively recent innovations. Now, one of the altcoins has attracted bullish projections analysts. Many even expect it to outperform the leading crypto, Bitcoin soon. Over the past year or so, Litecoin has been gradually pushed out of… Source link

Cryptocurrencies have turned bearish in the second half of this week after turning quite bullish in the first 2-3 days. The crypto market resumed the uptrend which started last month, after retracing lower or consolidating for two weeks, as traders did some profit-taking. Although after the considerable bullish momentum in the last few days, cryptocurrencies retreated down on Wednesday, after some profit-taking once again. But this has opened up some good buying opportunities, so let’s see… Source link

Ethereum’s native token Ether (ETH) could see yet another strong rebound in the sessions ahead as its price falls into a trading zone with a recent history of attracting buyers. The rising trendline has been triggering ETH’s price rebounds since the beginning of October 2021 and comes as a part of a broader Ascending Channel range. ETH/USD four-hour price chart featuring the Ascending Channel setup. Source: TradingView As a result, Ether’s path of least resistance has been to the upside despite… Source link