While Bitcoin’s mining difficulty was expected to decrease two days ago on June 8, instead the difficulty increased by 1.29% on Wednesday. On the same day, at block height 739,928, Bitcoin’s hashrate tapped an all-time high (ATH) reaching 292.02 exahash per second (EH/s). Bitcoin’s Blockchain Secured by Close to Three Hundred Quintillion Hashes per Second This week, the Bitcoin network has never been more powerful as the protocol’s computational processing power reached a… Source link

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. Litecoin was on a downtrend leading into May, and in mid-May, it formed a range between the $60 and $74 levels. At press time, the price appeared set to drop further after closing a session beneath $60. USDT dominance stood at 6%, at the time of writing, and has oscillated between the 5.84% and 6.5% levels over the past… Source link

Can Logarithmic Finance be a promising project like Monero, and The Sandbox? Has there been a tougher time in the cryptocurrency space for new crypto projects to make a mark in the industry than now? With the expansion of the space over the last few years, the industry has become over-saturated with cryptocurrency projects, making it harder for newcomers to have an impact on the crypto sphere, such as the likes of (SOL), Polygon (MATIC), and (AVAX). It will be a tall order for… Source link

Global financial markets once again find themselves trending lower on June 10 after the Consumer Price Index (CPI) came in at a blistering 8.6% year-over-year increase, the highest print since 1981.  The hotter-than-expected CPI print resulted in a collapse of the $30,000 support and Bitcoin (BTC) price sold off to a daily low of $28,852 before dip buyers managed to bid the price back above $29,000. BTC/USDT 1-day chart. Source: TradingView Here’s what several analysts in the market are… Source link

Ten days into June, bitcoin continues to trade lower, with prices hovering close to a twelve-month low. Despite this, there continues to be optimism around potential rallies in price over the next few weeks. Overall, there is still a lot of uncertainty in the market, with the potential for either bullish or bearish runs in upcoming sessions. Current Market Conditions Heading into June, bitcoin (BTC) had seen its value fall for nine consecutive weeks, pushing prices to their lowest… Source link

Inflation accelerated again in May after slowing down in April, which could have a negative impact on cryptocurrency markets already reeling from the Federal Reserve’s tighter monetary policy. The Consumer Price Index (CPI) rose 8.6% in the 12 months through May, which is the largest 12-month increase since December of 1981, the Bureau of Labor Statistics (BLS) reported Friday. The largest monthly gains for CPI, an index that tracks price movements across a broad range of goods and… Source link

Capuski / Getty Images When it comes to an Ethereum price prediction, the cryptocurrency’s progression has the potential to boost the price to heights of up to $4,500 in 2022. However, a continuous downtrend has been forming. An uncertain macroeconomic environment could continue to… Source link

The privacy focussed cryptocurrency, Monero, has entered the highly-anticipated “tail emission” that aims to provide a perpetual incentive to miners. The focus will be to “keep fees reasonable, ensure a lower bound of network security, and enable dynamic block sizes.” Securing Monero Network Forever As per the halving model of Bitcoin and other Proof-of-Work (PoW) blockchain networks, the mining reward will eventually reduce to zero. Following this, the network hash… Source link

Text size Bitcoin prices have slipped below the key $30,000 level as investors await inflation data. Dreamstime … Source link

Bitcoin prices were mainly unchanged early in Friday’s session, as traders prepared for the weekend. Following a strong start to the week, crypto prices have mostly consolidated in recent days. ETH was once again trading close to support at $1,750. Bitcoin Following a strong start to the week which saw BTC hit a high of almost $32,000, prices have since consolidated, trading slightly below $30,000. So far into Friday’s session, BTC was once again lower, as it continued to trade… Source link