Bitcoin mining hashrate has shown a strong bounce from the downtrend caused by an extended Chinese crackdown on crypto mining. China was the biggest Bitcoin and crypto mining hub before the crackdown, most of the large mining farms in the country had to shut their operations post the ban, causing an immediate 50% drop in
Bitcoin mining hashrate has shown a strong bounce from the downtrend caused by an extended Chinese crackdown on crypto mining. China was the biggest Bitcoin and crypto mining hub before the crackdown, most of the large mining farms in the country had to shut their operations post the ban, causing an immediate 50% drop in
Amid severe crackdown from the Chinese regulators, local Bitcoin (BTC) miners have started pulling the plugs and discontinuing their operations. Because of these restriction policies, the BTC hashrate at some of the biggest Chinese crypto miners has started to decline. AntPool and Poolin have registered the biggest drop of around 25% in the BTC hashrate
Amid severe crackdown from the Chinese regulators, local Bitcoin (BTC) miners have started pulling the plugs and discontinuing their operations. Because of these restriction policies, the BTC hashrate at some of the biggest Chinese crypto miners has started to decline. AntPool and Poolin have registered the biggest drop of around 25% in the BTC hashrate
Late Thursday, February 11, Bitcoin (BTC) hit a new all-time high moving past $48,600 levels. The BTC price rally comes as big American corporates like BNY Mellon and Uber warm up to the world’s largest cryptocurrency. At press time, Bitcoin (BTC) is trading 5.22% up at $47,318 with a market cap of $878 billion. On-chain
Late Thursday, February 11, Bitcoin (BTC) hit a new all-time high moving past $48,600 levels. The BTC price rally comes as big American corporates like BNY Mellon and Uber warm up to the world’s largest cryptocurrency. At press time, Bitcoin (BTC) is trading 5.22% up at $47,318 with a market cap of $878 billion. On-chain
Bulls appeared to be favouring Bitcoin (BTC)’s price movement as it continued to ride high on the charts. The largest cryptocurrency by market cap breached a crucial resistance climbing all the way up to $10,869 after surging by more than 7% over the last two days. Onchain Switches Bullish: Surging Active Addresses The uptrend seems
Bulls appeared to be favouring Bitcoin (BTC)’s price movement as it continued to ride high on the charts. The largest cryptocurrency by market cap breached a crucial resistance climbing all the way up to $10,869 after surging by more than 7% over the last two days. Onchain Switches Bullish: Surging Active Addresses The uptrend seems
The Bitcoin market’s roller-coaster movement has left a majority of the community on the edge as its price fell on a 45-day low. Experts and traders in the industry had earlier expected the prices to climb to new records, however, the new immediate supports say otherwise. Despite the Bitcoin price fluctuations, an analysis of the
The Bitcoin market’s roller-coaster movement has left a majority of the community on the edge as its price fell on a 45-day low. Experts and traders in the industry had earlier expected the prices to climb to new records, however, the new immediate supports say otherwise. Despite the Bitcoin price fluctuations, an analysis of the
Bitcoin (BTC) difficulty set its second-largest difficulty level ever on Tuesday, May, 5 as miners hold in line for the block reward halving expected in the coming week. As one of the most anticipated events of the year approaches, qualms that small miners may shut down following the halving are supported with the soaring difficulty
Bitcoin (BTC) difficulty set its second-largest difficulty level ever on Tuesday, May, 5 as miners hold in line for the block reward halving expected in the coming week. As one of the most anticipated events of the year approaches, qualms that small miners may shut down following the halving are supported with the soaring difficulty
Bitcoin’s reward halving is less than 10 days away and the mining frenzy is at an all-time high as signaled by the exploding mining hash rate on Sunday, May 3rd, 2020. Miners will hope for a bull run in the coming days to keep profitability stable through the block reward halving in the next 9
Bitcoin’s reward halving is less than 10 days away and the mining frenzy is at an all-time high as signaled by the exploding mining hash rate on Sunday, May 3rd, 2020. Miners will hope for a bull run in the coming days to keep profitability stable through the block reward halving in the next 9
Bitcoin [BTC] undergoes the second largest difficulty adjustment in it’s history. The total hash-rate of Bitcoin mining also slips below ($75,000,000 Th/s); the lows attained during the bear capitulation in late 2019. Hence, returning to similar supply schedules when the low in Bitcoin’s price around $6400. In terms of trading sentiments, however, a lot has changed
Bitcoin [BTC] undergoes the second largest difficulty adjustment in it’s history. The total hash-rate of Bitcoin mining also slips below ($75,000,000 Th/s); the lows attained during the bear capitulation in late 2019. Hence, returning to similar supply schedules when the low in Bitcoin’s price around $6400. In terms of trading sentiments, however, a lot has changed
‘Hash Follows Price’ – Apart from all the other correlations in and outside of the crypto-markets, this short-term trend has been intact more often than not. The recent dip in price is now causing a considerable drop in the hash rates as well. Moreover, reports of miner capitulation are rampant as well. Technically, many of these
‘Hash Follows Price’ – Apart from all the other correlations in and outside of the crypto-markets, this short-term trend has been intact more often than not. The recent dip in price is now causing a considerable drop in the hash rates as well. Moreover, reports of miner capitulation are rampant as well. Technically, many of these
New year. Same Bitcoin. New energy from the miners. Bitcoin just hit an all-time high hash rate nearing 120 Exahashes in the past 24 hours as miners FOMO sets in only 48 hours into the new year. Could this signal a possible miner accumulation leading to the halving in May 2020? Bitcoin hash rate hits
New year. Same Bitcoin. New energy from the miners. Bitcoin just hit an all-time high hash rate nearing 120 Exahashes in the past 24 hours as miners FOMO sets in only 48 hours into the new year. Could this signal a possible miner accumulation leading to the halving in May 2020? Bitcoin hash rate hits
Bitcoin Network Hash rate dropping by 40% day before yesterday is probably a reporting issue. As per data from leading data provider Coin.dance Bitcoin’s hashrate plummeted from over 98,000,000 TH/s to 57,700,000 TH/s. Is a Bullish Price Trend Ahead? The flash drop remained unexplained and the more astonishing part was that Bitcoin network’s record-breaking string
Bitcoin Network Hash rate dropping by 40% day before yesterday is probably a reporting issue. As per data from leading data provider Coin.dance Bitcoin’s hashrate plummeted from over 98,000,000 TH/s to 57,700,000 TH/s. Is a Bullish Price Trend Ahead? The flash drop remained unexplained and the more astonishing part was that Bitcoin network’s record-breaking string
