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Category: Bitcoin

Bitcoin, Ethereum Technical Analysis: BTC Moves Briefly Back Above $25,000

Posted on March 16, 2023 By Caden
Bitcoin, Ethereum Technical Analysis: BTC Moves Briefly Back Above $25,000

Bitcoin briefly moved back above $25,000 on Thursday, as markets rebounded from a volatile session the day prior. The potential collapse of Credit Suisse was somewhat averted, following an intervention from the Swiss National Bank, which has helped calm markets. Ethereum mostly consolidated in today’s session. Bitcoin Bitcoin (BTC ) rose back above the $25,000…

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Analysis, Bitcoin, BTC, ETH, Ethereum, Market Updates

Bitcoin, Ethereum Technical Analysis: BTC Falls Below $22,000, as Powell Warns of Higher Rates

Posted on March 8, 2023 By Caden
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $22,000, as Powell Warns of Higher Rates

Bitcoin moved below the $22,000 level on March 8, as markets continued to react to U.S. Fed Chair Jerome Powell’s testimony. Speaking in front of the Senate Banking Committee, Powell said he expected rates to be higher than initially anticipated. Ethereum has also slipped on the news. Bitcoin Bitcoin (BTC ) dropped below $22,000 on…

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Analysis, Bitcoin, BTC, ETH, Ethereum, Market Updates

Next Bitcoin Mining Difficulty Change Estimated to Decrease as Block Times Have Lengthened

Posted on February 4, 2023 By Caden
Next Bitcoin Mining Difficulty Change Estimated to Decrease as Block Times Have Lengthened

The last two mining difficulty changes on the Bitcoin network have driven difficulty to an all-time high, causing a decrease in hashrate and block interval speed. Before the latest difficulty retarget increase of 4.68%, block intervals were faster than the 10-minute average, at approximately 8 minutes 54 seconds to 9 minutes 31 seconds. However, since…

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Bitcoin Network Braces for Notable Difficulty Increase in 3 Days

Posted on January 12, 2023January 27, 2023 By Caden
Bitcoin Network Braces for Notable Difficulty Increase in 3 Days

Bitcoin’s mining difficulty, the measure of how difficult it is to find a new block and add it to the blockchain, is set to increase significantly on Jan. 15, 2023, according to current estimates. At the time of writing, Bitcoin’s mining difficulty appears to be on track for a 10% increase, rising from 34.09 trillion…

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Bitcoin, Ethereum Technical Analysis: BTC Above $18,000, ETH Hits 2-Month High

Posted on January 12, 2023January 27, 2023 By Caden
Bitcoin, Ethereum Technical Analysis: BTC Above $18,000, ETH Hits 2-Month High

Bitcoin rose to a four-week high on Thursday, as price surged above $18,000 hours before the upcoming U.S. inflation report. This comes as many expect today’s figures to show a considerable drop in consumer prices. Ethereum also moved higher, climbing above $1,400 in the process. Bitcoin Bitcoin (BTC ) surged above $18,000 on Thursday, as…

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Analysis, Bitcoin, BTC, ETH, Ethereum, Market Updates

Bitcoin, Ethereum Technical Analysis: BTC, ETH Surge to Start the Weekend, Following Friday’s Payrolls

Posted on January 7, 2023January 27, 2023 By Caden

Bitcoin moved closer to the $17,000 level to start the weekend, as traders continued to react to the latest U.S. nonfarm payrolls data. December’s payrolls came in at 223,000, which was better than the 200,000 markets had expected. Ethereum was also higher on Saturday, with prices nearing a three-week high. Bitcoin Bitcoin (BTC ) moved…

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Analysis, Bitcoin, BTC, ETH, Ethereum, Market Updates

Bitcoin Hashrate Reaches All-Time High, Boost Could Lead to Record-Setting Difficulty Increase

Posted on January 7, 2023January 27, 2023 By Caden
Bitcoin Hashrate Reaches All-Time High, Boost Could Lead to Record-Setting Difficulty Increase

During the first week of the new year, Bitcoin’s hashrate reached an all-time high (ATH) on Jan. 6, 2023, at block height 770,709. The network recorded a milestone of around 361.20 exahash per second (EH/s) on Friday, jumping more than 4% higher than the previous record of 347.16 EH/s recorded on Nov. 12, 2022. Network’s…

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Ancient Bitcoin Block Rewards See Decrease in Spending After Record Activity in 2020 and 2021

Posted on January 2, 2023January 27, 2023 By Caden
Ancient Bitcoin Block Rewards See Decrease in Spending After Record Activity in 2020 and 2021

In 2021, a number of 2010 block rewards were spent after the bitcoins sat idle for more than a decade. Furthermore, in 2020 and 2021, an early miner from 2010 spent strings of 20 ancient block rewards. In 2022, however, only 17 block rewards from 2010 were spent. Alongside this, on March 10, 2022, an…

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A Dozen Digital Assets Record Double-Digit Gains as Crypto Markets Begin to Heal After FTX’s Collapse

Posted on November 27, 2022January 27, 2023 By Caden
A Dozen Digital Assets Record Double-Digit Gains as Crypto Markets Begin to Heal After FTX’s Collapse

At the time of writing the global cryptocurrency market capitalization is hovering around $842 billion on Sunday, Nov. 27, 2022. Bitcoin prices consolidated since the start of the week, as seven-day stats indicate the price of bitcoin has dropped by 0.02% this week. Meanwhile, while bitcoin prices remain static, a number of alternative crypto assets…

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Bitcoin, Ethereum Technical Analysis: ETH Back Above $1,300 to Start the Weekend

Posted on October 22, 2022January 27, 2023 By Caden
Bitcoin, Ethereum Technical Analysis: ETH Back Above $1,300 to Start the Weekend

Ethereum was once again trading above $1,300, as cryptocurrency prices rose to start the weekend. Markets were back in the green on Saturday following a volatile week, which came as the U.S. dollar continued to strengthen. Bitcoin also surged higher, moving back above $19,000. Bitcoin Bitcoin (BTC ) rose back above $19,000 on Saturday, as…

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Analysis, Bitcoin, BTC, ETH, Ethereum, Market Updates

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