Bitcoin

Data from on-chain monitoring resource BTC.com confirms that on Aug. 31, Bitcoin’s network difficulty hit new all-time highs. Bitcoin seals biggest difficulty jum since start of 2022 Despite the recent BTC price drawdowns, Bitcoin’s network fundamentals are telling an optimistic tale as August comes to a close. Both difficulty and hash rate are climbing, reflecting conviction among miners over long-term profitability of their network participation. It also suggests that the mining sector is… Source link

AlessandroPhoto Thesis Summary Bitcoin (BTC-USD) briefly slipped below $20,000, following what many took as bearish remarks by Jerome Powell at Jackson Hole on Friday. The broader crypto market also experienced weakness throughout the weekend but has since recovered well. It seems to me like the current outlook and expectations are very bearish, which seems like a bullish indicator. The more people expect things to get worse, the more likely we get a bullish surprise. Bitcoin is trading near… Source link

Bitcoin (BTC) fell back below $20,000 after the Aug. 30 Wall Street open as data showed hodlers selling at a loss. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView June lows look increasingly attractive Data from Cointelegraph Markets Pro and TradingView captured the latest dive below the 2017 bull market peak for BTC/USD, with United States equities dropping in step. The S&P 500 and Nasdaq Composite Index lost 1.1% and 1.25% in the first hour, respectively, while BTC/USD shed 2.5%… Source link

Text size Bitcoin prices have collapsed this year amid a wider selloff in risk-sensitive assets. Dreamstime … Source link

This is an opinion editorial by Stephan Livera, host of the “Stephan Livera Podcast” and managing director of Swan Bitcoin International. It is an article adaptation of his speech for BitBlockBoom 2022 in Austin, Texas. We’re living through an era of immense change and the money is broken. But on the bright side, we have this monetary technology, Bitcoin. On the downside, a lot of people don’t understand the point of Bitcoin because they’re trapped in fiat mindsets. Consider this… Source link

Representations of cryptocurrency Bitcoin are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Aug 30 (Reuters) – Who can save bitcoin? The world’s biggest cryptocurrency can’t seem to catch a break. It finally looked to be regaining strength this month, breaching $25,000 for the first time since its June collapse, only to relapse towards $20,000. A deflating end to August has forced the market to confront… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Bitcoin can go sideways and south, but as we speak, the world’s most popular – and resilient crypto – is alive and kicking. The Wolf of Wall Street, like every other analyst and market expert, makes mistakes, especially on predicting the fate of Bitcoin. Belfort recently gave an interview where he said he was wrong about the future of Bitcoin and that he had made some incorrect forecasts. In 2017, Jordan Belfort predicted that Bitcoin will resemble a fraud… Source link

This is an opinion editorial by Conor Chepenik, a bitcoin pleb. When a nocoiner asks me about Bitcoin, it’s hard not to take a “Michael Saylor breath” and embark on a four-hour conversation about how there is no second best. My Bitcoin elevator pitch has become better over time, but it’s hard explaining why the world so desperately needs an honest monetary ledger in 30 seconds. Proof-of-work is required to have the glorious experience of going down the Bitcoin rabbit hole. In this… Source link

With Bitcoin losing its $20k support level on the charts, eyebrows are finally starting to be raised. The market upturn that we saw in July has been diminished to downtrends in the Bitcoin community. The same can also be seen when looking at Bitcoin’s long-standing correlation with the equities market. Ergo, the question – What does the future hold for the cryptocurrency market’s flagship token? The holders hold on! Despite macroeconomic uncertainties, the Fed’s latest… Source link