Last week, the bitcoin hashrate touched a new all-time high after tremendous growth. While this was a welcome development, it had significant implications for the next mining difficulty adjustment which took place on Monday. As expected, the difficulty adjustment had jumped by double-digits, beating even the highest of forecasts. Difficulty Adjusts By 13.5% Over the…
In this episode of NewsBTC’s daily technical analysis videos, we examine a possible bottoming scenario in Bitcoin price based on a potential expanded flat correction and an ending diagonal. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): October 11, 2022 Bears and bulls are battling it out once again, each side trying…
Data shows the Bitcoin supply in profit has continued its decline, but the metric has still not reached levels as low as the previous bear market bottoms. Around 50% Of The Bitcoin Supply Is In Profit At The Moment According to the latest weekly report from Glassnode, the current profitability levels in the BTC market…
SHIB, along with the greater majority of the crypto space, stared at price dips for the last 24 hours with the asset declining by 7.7%. Shiba Inu seen growing five times towards the end of October after Shiba Eternity release SHIB down 8.8% for the past seven days Shiba Inu headed for another bearish momentum…
Terra Classic is showing some signs of life thanks to a system that is being implemented by leading cryptocurrency exchange platform, Binance. Binance burns another 3 billion LUNC, brings total of burned units to 17.9 billion LUNC briefly exhibits upward price rally, up by 5% in the past 24 hours at one point A 12%…
Bitcoin price is slowly moving lower below the $19,200 support against the US Dollar. BTC could slide further if there is further escalation in Russia-Ukraine war situation. Bitcoin is slowly moving lower below the $19,200 and $19,000 levels. The price is trading below above $19,500 and the 100 hourly simple moving average. There is a…
Historical data of the Bitcoin volatility index hints that the price of the crypto may observe a big move in the near future. Bitcoin Volatility Index Has Recently Been Below A Value Of 25 As pointed out by an economist on Twitter, the volatility index has declined into a zone that has historically been followed…
Solana is not lacking in positive news for its investors and crypto holders as it tries to bounce back from its lackluster performance last month. Solana is currently experiencing supply inflation SOL came 2nd next to AXL in 7-day trending searches The crypto is down by 6.3% over the last 30 days It was announced…
On-chain data shows the Bitcoin whale ratio has surged up recently, as leverage in the market has remained around an all-time high value. Both Bitcoin Whale And Leverage Ratios Are Around ATHs Right Now As pointed out by an analyst in a CryptoQuant post, BTC investors are involved in some high-risk trading in the futures…
Quant (QNT) may be one of the lesser known cryptocurrencies compared to Bitcoin, Ethereum, XRP, Cardano and Dogecoin, but is one of those digital assets that is set for a bullish rally over the next few days. Quant’s notches 14.44% seven-day advance The crypto is expected to rise by 20% due to its bullish momentum…