The year 2022 has proved to be unfavorable for the crypto market. The industry has been facing a long lasted bear trend, with the flagship coin, Bitcoin, nearly down 70% then its ATH of November 2021. Still, the market fear has not ruined the investors’ interest in Bitcoin. Data shows that more than half of…
For the longest stretch of days since the cryptocurrency market was shaken by unrest in July, Bitcoin has dropped below US$20,000 for a sixth straight trading session. On Thursday, the value of the biggest cryptocurrency dropped as much as 3.1% to $19,577. Bitcoin In Free Fall The largest cryptocurrency by market capitalization has been in…
Bitcoin is struggling to gain momentum above $20,000 against the US Dollar. BTC could rise steadily if there is a clear move above the $20,200 resistance zone. Bitcoin is stuck near the $20,000 zone and trading below the $20,550 resistance. The price is now trading near the $20,000 level and the 100 hourly simple moving…
The first monthly gain since March, bitcoin mining revenue increased 10% in August. Bitcoin Mining Revenue Soars Approximately $657 million was earned by miners last month, according to statistics gathered by The Block Research. In the most recent update published on Wednesday, the difficulty of mining bitcoin increased by 9.26% while the hash rate increased…
Bitcoin funding rates for the past two months have entered one of their worst streaks yet. During this time, there have been no positive funding rates, and the best that the market has seen has been funding rates at a neutral level. However, even now, reaching neutral levels have proved incredibly hard for funding rates,…
For the longest stretch of days since the cryptocurrency market was shaken by unrest in July, Bitcoin has dropped below US$20,000 for a sixth straight trading session. On Thursday, the value of the biggest cryptocurrency dropped as much as 3.1% to $19,577. Bitcoin In Free Fall The largest cryptocurrency by market capitalization has been in…
On-chain data shows the Bitcoin derivatives exchange reserve has surged up recently, a sign that the crypto may face more volatility in the near future. Bitcoin Derivatives Exchange Reserve Observes Uplift Over Last Two Days As pointed out by an analyst in a CryptoQuant post, conditions seem to be brewing up in the BTC market…
In this episode of NewsBTC’s daily technical analysis videos, we are looking again at the Bitcoin BTCUSD monthly chart now that the August monthly candle has closed and we finally have new data to analyze. Take a look at the video below for the good, the bad, and the ugly. VIDEO: Bitcoin Price Analysis (BTCUSD): September…
Earning sats for the first time is a magical experience and NewsBTC is here to guide you through it. The Lightning Network gave bitcoin real micro-transactions with extremely low fees. That opened up new avenues for the bitcoin network to expand through, avenues that the world is just beginning to explore. In the following text,…
According to recent news reports, Tron (TRX) outperformed both Bitcoin and Ethereum in terms of energy efficiency. TRX social dominance up TRX price down by 2.97% Future trends show TRX to plunge further Compared to Bitcoin, Tron uses 99.9% less energy (just 162,868 kWh). Being a major issue in the most recent session, crypto mining…