Recent reports indicate that the Bitcoin network hashrate has significantly recovered following the cryptocurrency’s rally to the $69,000 range. This recovery has led to a decrease in selling pressure from miners, largely due to an increase in their profitability. According to CryptoQuant analysts, the drawdown from the all-time high of the hashrate now stands at
Semilore Faleti is a prominent figure in the field of cryptocurrency journalism, known for his expertise in covering various aspects of the digital asset space. Over the years, he has established himself as a trusted source of information for both newcomers and veterans in the crypto industry. Starting out with a diverse range of subjects,
Bitcoin’s price took a significant hit recently as it fell below the crucial $64K support level. This drop has put the cryptocurrency in a key area that could potentially determine the market’s mid-term fate. On the daily chart, it is clear to see that the price has been on a downward trend ever since forming
The recent economic uncertainty in the United States has taken a toll on the cryptocurrency market, with Bitcoin experiencing a sharp decline in price. In the past day, the asset plummeted to $60,500, marking its lowest point in nearly three weeks. This steep drop has also affected altcoins, such as SOL, TON, and UNI, which
Bitfarms, a Toronto-based Bitcoin mining company, recently announced that its operational hash rate had reached 11.1 EH/s by the end of July. This marked a significant 109% year-over-year increase and a 7% rise month-over-month. The company’s average operational hash rate for the month was 10.3 EH/s, representing a 36% increase from June. Despite facing a
The enigma surrounding the real identity of Satoshi Nakamoto, the elusive creator of Bitcoin, continues to baffle experts and enthusiasts alike. Despite Bitcoin’s rise to prominence over the past decade and a half, the identity of its creator remains shrouded in secrecy. Various theories have emerged, pointing fingers at different prominent figures in the tech
MicroStrategy, the prominent Bitcoin holder, recently disclosed its intention to raise up to $2 billion by selling its class A shares. This announcement was made in a filing with the U.S. Securities and Exchange Commission, indicating the company’s strategic move towards acquiring more Bitcoin. Despite the lack of a specific timeline for the share sale,
Cryptocurrency trading is gaining momentum in Hong Kong, with Futu Securities International leading the way as the largest online broker in the city-state to offer retail crypto trading. This move has attracted investors with the opportunity to trade bitcoin and ether on the brokerage platform with Hong Kong or US Dollars. Futu has partnered with
It is evident that the Cardano ecosystem is experiencing a surge in activity, particularly among the token’s large holders. Data from market intelligence platforms such as IntoTheBlock and Santiment reveals that Cardano whales have been actively adding to their positions in recent days. This surge in whale activity is reflected in the massive transaction volume
Ripple’s XRP recently experienced a notable surge in price, rallying to a four-month high of $0.66. However, this upward momentum was short-lived, as the bears quickly took control, causing the price to drop to around $0.56. This 14% decline from its local top has left many investors concerned about the future trajectory of XRP. Veteran
