Tags : Rate

Bitcoin

Miner explains why the Bitcoin hash rate fell by 25%

Mustafa Yilham, VP of global business development at Asian mining and wallet company Bixin, took to Twitter today to explain why Bitcoin’s hash rate—the total computing power of the blockchain—dropped by around 25% last week. Yilham, who operates one of the largest Bitcoin mining farms in the world, shared his thoughts on the situation and […]Read More

Bitcoin

A Big Glitch Appears in Bitcoin Bullish Bias: Rising Rate

There are more traders now that prefer to hold Bitcoin than selling it to realize earlier profits. It is indicative of a major price boom ahead for the flagship cryptocurrency, which has already surged by almost 1,380 percent from its 2020’s nadir of $3,858 (data from Coinbase). Bitcoin Rise to Glory Lower interest rates have […]Read More

Bitcoin

More Rate Shocks for Bitcoin Ahead Despite Latest Price Rebound

Bitcoin traders should get used to facing more shocks from Treasury markets even as the cryptocurrency goes through a strong rebound phase. With coronavirus cases falling, another round of government stimulus looking likely, and millions of Americans receiving vaccines each week, expectations have surged higher about how quickly the US economy could expand this year. […]Read More

Bitcoin

Bitcoin blockchain’s hash rate hits new all-time high

The mean hash rate of the Bitcoin (BTC) blockchain—or the total computational power dedicated to mining—reached a new all-time high of over 176 exahashes per second (EH/s) on Friday, according to crypto metrics platform Glassnode. Yeah, that’s a lot. The Bitcoin network’s mean hash rate exceeded 176 EH/s. Image: Glassnode The increase in hash rate […]Read More

Bitcoin

S2F Predicts 20% Per Month Growth Rate For Bitcoin In

After a long bear market and accumulation phase, Bitcoin has since begun to trace higher alongside the projections set by the cryptocurrency’s most sophisticated valuation model: stock-to-flow. According to the model’s creator, the S2F value will continue to increase by 20% month over month. Here’s how much each BTC could be worth if the cryptocurrency […]Read More

Market

Bitcoin Drops Below $30K, Dollar Bounces Ahead of Fed Reserve

Bitcoin and global equities are trading lower, while the anti-risk U.S. dollar is climbing ahead of a U.S. Federal Reserve meeting later today that may inject volatility into financial markets. The number-one cryptocurrency by market value is trading near $29,500 [updated] at press time, representing a near 10% drop on the day, according to CoinDesk […]Read More

Litecoin

Litecoin Hash Rate Down 60% Since August Halving

Three months after the August 2019 halving, the Litecoin hash rate continues to tumble with mining profitability reaching all-time lows. This massive fall in mining activity signals yet another negative report for the altcoin with reports earlier in the year suggesting developers weren’t interested in contributing to its cryptocurrency code. Litecoin Miners Abandon Ship Data […]Read More