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

Arman Shirinyan Monero update will bring network’s security to whole new level, here’s how The long-awaited tail emission on Monero network is being launched today and changing the original stop output to a linear output. The change will increase the network’s security and stability with each block generating 0.6 XMR constantly. The tail emission will provide 0.6 XMR as a reward for miners per every block generated on the network in contrast to other blockchains like Bitcoin, allowing… Source link

Bitcoin (BTC) is squeezing its miners this month as suppressed prices threaten to impact profitability. The latest data shows both narrowing profit margins and miners waiting longer to recoup their initial investment. Miner production cost faces off with BTC price While Bitcoin miners have largely held off on major distribution as BTC/USD descends from all-time highs, the picture now appears precarious. Calculations from on-chain analytics platform CryptoQuant reveal that miners’ production… Source link

The adoption of Bitcoin (BTC) could occur more rapidly than the adoption of past disruptive technologies such as automobiles and electric power, with global take-up likely to hit 10% by 2030 according to a new report. In its Wednesday report, Blockware Intelligence said it arrived at this forecast by examining historical adoption curves for nine past disruptive technologies including automobiles, electric power, smartphones, the internet and social media, along with the growth rate of… Source link

Litecoin (LTC) is on the spotlight once again days after launching its Mimblewimble upgrade  and for a related reason. Multiple South Korean crypto exchanges have reportedly announced plans to delist LTC. According to official Upbit press release, they will be delisting Litecoin from its exchange. According to local Korean news source – Bimeiti, at least 4 other crypto exchanges have also followed suit. #LTC #Litecoin #MimbleWimble #ltcdelisting #delisting… Source link