Bitcoin

Bitcoin (BTC) may have tanked to six-month lows this week, but under the hood, the network is now verifiably stronger than ever. Data from on-chain monitoring resources including Glassnode and BTC.com confirms that as of Friday, the Bitcoin network difficulty is at a new all-time high. Difficulty passes 26 trillion for the first time The difficulty, which expresses how much miners need to work to solve the equations to process transactions on the blockchain, is arguably the most important of… Source link

European shares declined, following a sell-off on Wall Street, with shares in technology companies under pressure after streaming group Netflix warned on subscriber growth. The regional Stoxx 600 equity gauge fell 1.3 per cent in opening dealings on Friday, while London’s FTSE 100 slid 1.2 per cent. In Asia, Hong Kong’s Hang Seng fell 0.1 per cent and Japan’s Nikkei 225 declined 0.9 per cent. Technology stocks were among the worst performers on Friday on the Stoxx 600, with the index… Source link

Ether, Solana, and other L1s also slip during Asia trading day Jan 21, 2022 at 4:11 a.m. UTC Updated Jan 21, 2022 at 4:11 a.m. UTC Bitcoin’s price fell below $40,000 for the first time in months in the early hours of Jan. 21. (CoinDesk Bitcoin Price Index) Source link

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Joe DiPasquale, the CEO of the crypto fund BitBull Capital, said investors were initially upbeat about a study by the U.S. Federal Reserve on a digital dollar. “Any news that comes from such an official sources lends crypto credibility, and that credibility leads to increased demand,” DiPasquale said. Source link

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Mayor Eric Adams announced Thursday that he will be converting the initial income from his new job to cryptocurrencies, after he pledged last year to take his first three paychecks at City Hall in Bitcoin. Adams will convert his first paycheck, which he will receive Friday, to cryptocurrencies Ethereum and Bitcoin, the mayor said. “New York is the center of the world, and we want it to be the center of cryptocurrency and other financial innovations,” he… Source link

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. @2021 CoinDesk English Source link

Bitcoin (BTC) demand has been in a “bear market” for a whole year, but a surge is most likely what will spark a new price run-up. That’s according to prominent economics analyst Lyn Alden, who in a Twitter debate this week bet on demand snowballing and lifting BTC price action. Back: Watch supply and demand for BTC price cues Responding to a survey by stock-to-flow model creator PlanB, Alden said that a demand transformation is more likely to cause a BTC price boom than multiple other… Source link

Bitcoin (BTC) has been below $45,000 for 14 days and is currently 40% below the $69,000 all-time high. This movement holds similarities to late-September 2021, when Bitcoin price flat-lined for 11 days and was 36% below the previous $64,900 all-time high on April 14. Bitcoin price at Coinbase, USD. Source: TradingView To understand whether the current price momentum mimics late September, traders should start by analyzing the Bitcoin futures contracts premium, which is also known as “basis.”… Source link