Bitcoin

Text size Crypto prices have collapsed in recent months, but prices recently have rallied. Dreamstime … Source link

A new contributor to the Bitcoin (BTC) energy debate says that 1 BTC would have to cost $20 million to use 100 times its current energy demands. In a Twitter debate on July 18, Sjors Provoost, a Bitcoin developer and author of “Bitcoin: A Work in Progress,” cast doubt on the largest cryptocurrency’s future energy use. Bitcoin could survive on “waste energy breadcrumbs” How much energy Bitcoin uses to survive has become a topic of friction which has gone from within the industry to global… Source link

The new week has come with glad tidings for the price of bitcoin. After struggling to maintain above $20,000 for the better part of the last month, the digital asset has finally found some much-needed reprieve coming out of the weekend. This new upward trend has signaled some good things for the market going forward. However, the question still remains of whether the bottom is in and the bear trend is finally over. Bitcoin Recovers To $22,000 With the price above… Source link

“When will it end?” is the question that is on the mind of investors who have endured the current crypto winter and witnessed the demise of multiple protocols and investment funds over the past few months. This week, Bitcoin (BTC) once again finds itself testing resistance at its 200-week moving average and the real challenge is whether it can push higher in the face of multiple headwinds or if the price will trend down back into the range it has been trapped in since early June…. Source link

Text size Crypto prices rallied over the weekend. Dreamstime Bitcoin and other cryptocurrencies were rallying… Source link

Text size Crypto prices rallied over the weekend. Dreamstime Bitcoin and other cryptocurrencies were rallying… Source link

Bitcoin (BTC) starts a new week nearing key resistance as the shock of the latest United States inflation data passes — can the strength continue? The July 17 weekly close may have been practically identical to the last, but BTC/USD is showing some much needed strength prior to the July 18 Wall Street open. Last week was a testing time for crypto hodlers everywhere, with inflation dictating the mood across risk assets and the U.S. dollar capping the gloomy atmosphere. With those pressures… Source link

Bitcoin started a steady increase above the $21,000 resistance against the US Dollar. BTC could rise further towards $22,000 if it stays above the $20,500 support. Bitcoin is slowly moving higher above the $21,000 resistance zone. The price is now trading above the $20,800 level and testing the 100 hourly simple moving average. There was a break above a short-term bearish trend line with resistance near $21,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might… Source link

A Bitcoin node is a pivotal piece of the Bitcoin (BTC) protocol. For bad actors, attacking nodes and bringing them offline is a sound strategy to undermine the network’s resilience. For one British Bitcoiner, such an attack took place, as the actions of his feline friend rendered his Bitcoin node “unreachable.” Bodl_hodler (who wishes to remain anonymous) told Cointelegraph that he “started running Raspberry Pi as Umbrel node January 2021,” as he wished to contribute to the overall… Source link

A July 9 post by @PricedinBTC on the “cost to mine Bitcoin” in the United States gathered the crypto community’s attention, especially considering the recent headlines that BTC miners have made. The crypto bear market and growing energy costs have caused a perfect storm for the mining sector and this has led some companies to lay off employees and others to defer all capital expenditures. Some went as far as raising concerns of Bitcoin miners hitting a “death spiral.” In bear markets like… Source link