The Bitcoin network hash rate has reached an all-time high at 126 quintillion hashes per second. By comparison, this time last year, the network was hashing at just 38 quintillion hashes per second.However, of more considerable significance is what this indicates. And that is a trend towards increasing miner confidence. As such, concerns over miner…
Bitcoin is climbing steadily above $8,800 and $9,000 against the US Dollar. BTC price could start a massive rally towards $10K and $11K if there is a daily close above $9,300.Bitcoin price is gaining momentum above the $9,000 resistance area against the US Dollar.A new 2020 high is formed near $9,185 and the price could…
Bitcoin appears to be currently trading at a pivotal price region, as its reaction to the resistance it is facing at $9,000 could set the tone for where BTC trends in the weeks and months to come.Analysts are now noting that they widely expect Bitcoin’s reaction to this level to ultimately result in a bullish…
Over the past two hours, Bitcoin (BTC) has started to break out of a consolidation pattern that has trapped the price of the cryptocurrency in the high-$8,000s for some two days. In fact, just minutes ago as of the time of writing this article, the leading crypto asset tapped $9,120, surging higher as the weekly…
After Bitcoin (BTC) rocketed from $3,000 to $14,000 in the span of six months, analysts have been sure that the cryptocurrency would never revisit the $3,000s again. Indeed, the logarithmic price curve that has contained the asset’s price action for the past decade predicts BTC will never again hit $3,000.But, there have been a few…
Bitcoin is technically still in a bearish trend. It is down by more than 30 percent since the 2019 yearly high when it surpassed $13,000. This month will decide whether BTC enters a new extended bull market or falls back into a bear market.It all depends on the monthly close of bitcoin on January 31,…
Ever since Bitcoin investors got a taste of parabolic price appreciation in 2019, which saw BTC gain 330% in some four months, they’ve been craving it, evidenced in the incessant flow of lofty predictions on Crypto Twitter.Related Reading: Watch Out, This New Bitcoin Scam Is All Over YoutubeWhile this dream of another parabolic rally was fleeting…
Aside from Bitcoin, there’s almost no other crypto asset that has been talked about as much as the Satoshi Vision fork (BSV) over the past week. The past seven days for the now-fifth largest cryptocurrency by market capitalization have been rather tumultuous, with the cryptocurrency starting the week off flat to explode higher from just…
Few assets are worth $1 trillion. Even still, analysts and investors in Bitcoin have long expected the market capitalization of the cryptocurrency to surmount the billions and enter the trillions.As crazy as this may sound, a prominent investment research firm, ARK Invest, in a recent report mentioned three somewhat feasible use cases that could push…
Towards the end of 2019 that lackluster price action experienced by Bitcoin had led many investors and analysts alike to grow increasingly bearish on the cryptocurrency, and discussions about BTC surging to fresh all-time highs were far and few between.This has changed in the meanwhile, however, as the uptrend the cryptocurrency has been caught within…