Bitcoin

While bitcoin has been hovering above the $60K handle for a great majority of the last 28 days, the network’s hashrate has jumped considerably during that time as well. Since August 13, Bitcoin’s hashrate has climbed 42% from 110 exahash per second (EH/s) to today’s 157 EH/s. Moreover, after nine consecutive difficulty changes, going forward, it will be 50% more difficult to mine bitcoin than it was three months ago for the next two weeks. Bitcoin’s Hashrate Follows the Price… Source link

What happened  The value of cryptocurrency giant Bitcoin (CRYPTO:BTC) has fallen as much as 4.5% in the last 24 hours and was down 1.3% as of 3:20 p.m. EST on Friday. The token is down about 7.2% since hitting an all-time high of $69,000 in trading on Wednesday.  So what The biggest news in the world of Bitcoin is that the City of Miami plans to hand out free Bitcoin to residents from the profit of its Miami Coin. The coin has generated $21 million… Source link

Bears swooped in to seize the upper hand on Nov. 12 after news that the United States Securities and Exchange Commission (SEC) had rejected the VanEck spot Bitcoin (BTC) exchange-traded fund (ETF) application made ripples through the crypto sphere and deflated the bullish momentum that had been building throughout the week.  While many investors had high hopes that the passage of a spot BTC ETF would send the price of Bitcoin to the coveted $100,000 price level, its denial was expected by… Source link

Bitcoin (BTC) is still on to run to $90,000 in the coming weeks after “trapping” leverage traders. In its latest market update on Nov. 12, trading platform Decentrader underscored popular sentiment on BTC price action. Update: High timeframes “remain bullish” Despite losing $4,000 in a single day on Nov. 10 and trending sideways since, Bitcoin is anything but bearish, many analysts argue. With short-term conditions punishing leveraged long traders but funding rates still high, however,… Source link

It’s been a hot year for cryptocurrency, and Bitcoin (CRYPTO:BTC) is no exception. In recent weeks, the price of Bitcoin has soared, leaving many investors to wonder whether they should dive in. But is it the right time for you to be buying Bitcoin? Ask yourself these questions to find out. Image source: Getty Images. 1. What’s my risk tolerance? For some people, buying stocks is a scary idea, due to the risks involved. Bitcoin, however, can be an… Source link

Bitcoin (BTC) dipped below $64,000 on Nov. 12 as its comedown from new all-time highs continued to unnerve. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC: Consolidation becomes down move Data from Cointelegraph Markets Pro and TradingView captured fluid market conditions on Friday, with BTC/USD acting in a $2,000 range. The pair had spent the previous day tracing sideways — behavior that was now showing signs of breaking down. For popular analysts, however, such BTC price… Source link

Volatility is the name of the game in the cryptocurrency market and the Nov. 11 evening sell-off in the price of Bitcoin (BTC) is a reminder that new all-time highs are often followed by sharp whipsaws to underlying support levels.  Data from Cointelegraph Markets Pro and TradingView shows that after dropping to a low near $62,800 late on Nov. 10, the price of Bitcoin managed to claw its way back up to the $65,000 level where bulls now look to consolidate and regroup for another push higher…. Source link

Text size Short-term investors buying Bitcoin offer the liquidity longer-term holders need to sell. Dreamstime The… Source link

Bitcoin (BTC) traded just below $65,000 on Nov. 11 after an overnight correction canceled out previous snap gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “No free lunch” for speculators Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering after briefly dipping below $63,000 in fresh volatility. The pair had moved up sharply on the back of United States inflation hitting its highest in 30 years, this combining with derivatives market reactions to… Source link

Bitcoin’s (BTC) price hit another all-time high at $69,000, while Ether (ETH) continued its long slog toward $5,000 after reaching a new high at $4,868 earlier on Wednesday. Shortly after hitting this fresh milestone, however, traders began taking profit, leading to a nearly $7,000 drop, which plunged BTC’s price below $63,000. Interestingly, the breakout was initiated right as a report from the United States Bureau of Labor Statistics (BLS) showed a sharp 6.2% annual rise in the Consumer… Source link