Bitcoin Price

Bitcoin’s Hashrate Slides 15% in 10 Days, Price and Difficulty Puts Pressure on BTC Miners

The price of bitcoin has been on a long losing streak since November 10, 2021, when the leading crypto asset tapped an all-time high at $69K per unit. During the last two weeks, bitcoin has shed more than 19% in value, and the network’s hashrate has dropped from over 200 exahash per second (EH/s) to 174 EH/s losing roughly 15% in ten days. Civil Unrest in Kazakhstan Leads to Hashrate Loss Speculation, Kazakhstan’s Bitcoin Miners Say Issues Did Not Affect Them This week the civil unrest in Kazakhstan caused a

Bitcoin price drops nearly 10% in 24 hours, dips below $60,000

Quick Take The price of bitcoin has declined nearly 10% in the last 24 hours. It fell below $59,000 but has since rebounded slightly. advertisement The price of bitcoin has declined nearly 10% in the last 24 hours, dipping significantly below $60,000 before bouncing back. The drop seems to be triggered by the infrastructure bill signed by U.S. President Joe Biden yesterday, Darius Sit, co-founder of crypto trading firm QCP Capital told The Block. The bill includes tax reporting provisions that require crypto exchanges to report information to both the

Bitcoin Whales Show Largest Movement Since 2017

On-chain data shows Bitcoin whales are currently showing the largest movement since 2017. Here’s what it might mean for the crypto. Current Bitcoin Whale Activity Is The Largest Since 2017 As pointed out by an analyst in a CryptoQuant post, on-chain data shows signs of big whale activity not seen since 2017. The relevant indicator here is the “tokens transferred mean” metric, which tells us the mean amount of Bitcoin involved per transaction. High values of the indicator imply there are some big transactions taking place on the network. This

Bitcoin Price Prediction: BTC/USD Swings Above $55,000 Resistance

Bitcoin Price Prediction – October 6 The Bitcoin price restarts the uptrend after touching the daily low of $50,416 to hit the daily high of $55,416. BTC/USD Long-term Trend: Bullish (Daily Chart) Key levels: Resistance Levels: $60,000, $62,000, $64,000 Support Levels: $46,000, $44,000, $42,000 BTCUSD – Daily Chart BTC/USD looks green today as the price hovers above the resistance level of $54,000 from the low of $50,416. However, a daily close above the $55,000 level can continue to increase the Bitcoin price to $58,000. However, traders should note that a

Bitcoin Bulls Sustain Recent Rallies but Are Overwhelm Above $48,000 High

Oct 04, 2021 at 09:09 // News The Bitcoin (BTC) exchange rate has been on a positive run as the price broke out above the high of $48,000. Although buyers failed to sustain the bullish momentum above the $48,000 high, the BTC price fell back to support at $47,000. Since October 1, buyers have made a concerted effort to resume upside momentum, but the cryptocurrency faces rejection at the recent high. The bottom line is that bitcoin will continue to rise as long as the cryptocurrency's price remains above its

Bitcoin Price Forecast: BTC Bulls Keep Pushing To $48,000

By John Isige Published 9 hours ago Updated 9 hours ago Bitcoin price rises above $44,000 after bulls defended support at $40,000 all weekend long. Bulls have eyes glued on the supply zone at $48,000, but first, the 200-day and the 50-day barriers must come down. Bitcoin remained stable above $40,000 throughout the weekend. Buyers managed to lift the largest cryptocurrency above $42,000 and closed the gap to $44,000. At writing, the bellwether cryptocurrency is dancing slightly above $44,000 while bulls put a fight to ensure that BTC closes the

China Calls All Crypto Transactions Illegal, Bitcoin Drops $4k In Response

China’s central bank has announced that all crypto-related transactions and services are now illegal. In response, Bitcoin drops down to $41k from $45k. China Announces All Crypto Transactions And Activities Are Illegal As per a report from Bloomberg, China has intensified its crackdown on crypto and Bitcoin as the nation’s central bank says all digital currency transactions are illegal. According to The People’s Bank Of China (PBOC), not only are Bitcoin, Ethereum, and others unrecognized as legal tender, any services related to them are also illegal. These crypto services include

Mark Cuban Gives Crypto-Friendly Warning as Bitcoin Climbs

Billionaire investor Mark Cuban issued a warning to crypto investors, as bitcoin prices continue a steady climb. Sponsored Sponsored The crypto space is heated. Investors are on edge as Bitcoin continues to steadily climb towards $50,000. However, the price incline comes at a time when the entire crypto industry could be facing a new reality with the new bill from the Senate.  The original syntax of the bill grouped virtually all participants in the space into the same tax and reporting bracket. If the wording remained as it originally appeared, even

From Around the Web: 10 Awesome Stories About Bitcoin

Bitcoin is a revolutionary cryptocurrency. It single-handedly jump-started the cryptocurrency space, allowing crypto-enthusiasts and traders to invest and get into cryptocurrency trading, and gave rise to a host of other cryptocurrencies that completely changed the landscape of the financial and investment markets. Several individuals took full advantage of the bitcoin evolution and went from rags to riches in the blink of an eye, all thanks to their investment in bitcoin. However, it also led to severe losses because some people could not understand how bitcoin trading worked. Top 10 Best

Analyst on Bitcoin: This is ‘a very strong sign of…’

For one whole day, after some pretty monotonous consolidations and devastating price dips, Bitcoin price candles were green on a one-hour, four-hour, and one-day chart. With this latest movement, market speculations were rife if this rally was here to stay. In the case of Bitcoin, its price has been affected by external news in the past. Some consider these factors to be driving forces to the price action and during BTC’s recent bull run the news side of it looked positive. News like Binance and FTX  limiting leverage trading and