Bitcoin

Bitcoin’s hashrate tapped a lifetime high on the first day of 2022 reaching 209.39 exahash per second (EH/s). During the last 12 months, Bitcoin’s hashrate has increased by 47.92% from the 141.55 EH/s recorded on January 3, 2021. Bitcoin’s Hashpower Reaches a New Milestone The processing power and security dedicated to the Bitcoin (BTC) network has never been higher, and the network tapped a milestone in 2022. According to the one-year hashrate chart hosted on coinwarz.com, Source link

Bitcoin (CRYPTO:BTC)achieved impressive gains in 2021, even though it already was the market’s largest cryptocurrency by far. The token’s price surged more than 60% for the year, and it’s now up more than 4,750% in the past five years. Bitcoin’s current market capitalization of roughly $900 billion is a testament to its ascendancy and staying power, but it wouldn’t be surprising to see other tokens put up superior performance in the future. Read on… Source link

Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has shared his cryptocurrency investment strategy and which coins he owns. He also discussed crypto market bubbles, diversification, regulation, and why he thinks non-fungible tokens (NFTs) will be bigger than bitcoin. Kevin O’Leary Discusses His Crypto Investments, Market Bubbles, and NFTs Shark Tank star Kevin O’Leary discussed cryptocurrency, his investment portfolio, diversification, market bubbles, meme coins, and… Source link

Bitcoin (BTC) bears lost out at the last minute as 2021 came to an end — and consensus is building around China again being the reason for weakness. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView China “last hammer” could now provide optimism on BTC Hours before the yearly close, BTC/USD dived $2,000 to lows of $45,630 on Bitstamp before a modest recovery drew a line under 2021 at $47,200, data from Cointelegraph Markets Pro and TradingView shows. While something of an anticlimax… Source link

Gold bug Peter Schiff has claimed that though bitcoin went up by 60% during the past twelve months, most of these gains were achieved during the first five weeks of the year in 2021. He insists that the majority of those that bought the asset in 2021 have not gained. Bitcoin Gains Higher Than Those of Gold With the calendar year ending and bitcoin up more than 60% since last January, one of the crypto asset’s chief critics, Peter Schiff, has claimed in a tweet that this gain was… Source link

Bitcoin (BTC) is likely to end 2021 well below analysts’ target projections of $100,000. Kraken CEO Jesse Powell, who had also projected a $100,000 price target for Bitcoin, still remains bullish in the long term, but he does not rule out a sharp drop in the short term.  One of the negatives that may add pressure to Bitcoin in the short term is the shift in the United States Federal Reserve’s monetary policy. On Dec. 15, the Fed announced that it would wind down its bond-buying program… Source link

Bitcoin (BTC) put in an early end-of-year flourish on Dec. 31 as an upward boost saw BTC/USD retake $48,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Options expiry fades Data from Cointelegraph Markets Pro and TradingView showed BTC/USD abruptly gaining over $1,500 in a single hour on Friday. A refreshing counterpoint to several days of downtrend, the move gave a taste of what could happen in a crypto market where liquidity is thinner than normal over the holiday period.

Almost 10,000 Bitcoin (BTC) left major United States-based exchange Coinbase on Dec. 30 in a sign that investor appetite is returning to the sphere.  Data from on-chain monitoring resource Coinglass shows Coinbase’s professional trading arm, Coinbase Pro, shedding 9,925 BTC in the 24 hours to New Year’s Eve. Binance adds 66,000 BTC in December The buy-in, which runs in contrast to rising or flat balances on other major exchanges, marks a conspicuous short-term trend shift. The latter half… Source link

2021 has been a breakout year for the cryptocurrency market as a whole despite the year-end struggles that have kept the price of Bitcoin (BTC) pinned below $48,000, much to the chagrin of the cadre of folks who had been calling for a $100,000 BTC moonshot.  Data from Cointelegraph Markets Pro and TradingView shows that the past 24 hours have been a rollercoaster ride for the top cryptocurrency after a brief dip below $46,000 in the early trading hours on Dec. 30 was quickly bought up to… Source link

On December 29, two addresses from 2011 containing 500 bitcoin each transferred 1,000 coins for the first time in 10.5 years. Furthermore, another wallet from 2011 woke up on Wednesday, moving 40 bitcoin for the first time in over a decade. 1,040 Bitcoin from 2011 Move for the First Time in 10.5 Years On Wednesday, an address created on July 10, 2011, at 11:22 p.m. (UTC) with 500 bitcoin (BTC) transferred the BTC for the first time in 10.5 years. Another wallet, created on the same… Source link