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Bitcoin Miners Feel the Pinch: 10% Value Drop Tanks Hash Price in August
29.8.2023
August has proved to be a challenging month for bitcoin miners, facing two difficulty spikes and witnessing the currency’s value plummet over 10% in the past 30 days. This decline in value has pulled the network’s hash price to levels reminiscent of late 2022. At present, miners...
Ethereum Transaction Fees Fall To Levels Not Seen Since Late 2022
28.8.2023
Ethereum’s total daily transaction fees hit an eight-month low after it plunged to 1,719 ETH approximately $2.1 million on Aug 27.
The recent decline in total gas fees can be attributed to low network activity and the rise of layer 2 scaling solutions.
According to data from on-chain analytics...
Bitcoin traders pinpoint support levels as BTC price taps $26.2K
28.8.2023
It's all about the 200-week EMA and the area just below $26,000 if Bitcoin bulls are to stand a chance, BTC price analysis says
Bitcoin, Ether Trade Below 'Maximum Pain' Levels Ahead of $2.7B Options Settlement
24.8.2023
A lot of put options are in-the-money, crypto options exchange Deribit's Lin Chen said
Bitcoin Price Prediction as BTC Bounces From $26,000 Support – Here are Key Levels to Watch
22.8.2023
As the cryptocurrency market remains dynamic, the focus shifts once again to Bitcoin's price movement.
Following a recent dip that saw Bitcoin briefly touch the $26,000 support level, market observers and investors are keen to assess the potential direction of the world's leading cryptocurrency. ...
XRP Price Prediction as Market Sell-Off Sends XRP Back to $0.50 Zone – Here are Key Levels to Watch Now
21.8.2023
The XRP price has dropped by 1.5% in the past 24 hours, with its slip to $0.520082 coming after a selloff over the weekend that saw the altcoin plunge as low as $0.476220 at one point.
XRP's rebond back to its current price suggests that $0.50 is a key support level for the altcoin, which is also...
Bitcoin Price Prediction as BTC Bounces Off $25,000 Support – Here are Key Levels to Watch
20.8.2023
In the dynamic realm of cryptocurrency, Bitcoin (BTC) continues to capture attention as it showcases a rise of over 0.50%, reaching $26,133 on Sunday. Notably, the support at $26,000 appears to have effectively prevented further losses for the cryptocurrency.
Furthermore, the prominent entity...
Bitcoin support levels to watch as BTC price aims at $28K
17.8.2023
BTC price still has "heavy support" at the $28,000 mark, with confidence still in place that Bitcoin can avoid a deeper retracement
Bitcoin Price Prediction as Crypto Prices Tumble and BTC Falls to $29,000 – Here are Key Levels to Watch
16.8.2023
The volatile nature of the cryptocurrency market is once again underscored as Bitcoin, the foremost digital currency, witnesses a significant drop, plummeting to levels around $29,000.
Amidst an overall tumble in crypto prices, the immediate trajectory and stability of Bitcoin remain the subjects...
IEA Report: Oil Prices on the Brink of Soaring as Supply Narrows and Demand Shatters Records
12.8.2023
The stage is set for a potentially striking upswing in global oil prices, as supply constricts and demand ascends to unprecedented levels. With oil reserves dwindling at a breakneck pace, OPEC’s spare capacity restrained, and powerhouse consumers like China and India snapping up record...
Litecoin Price Prediction as LTC Falls to $80 Level – Here are the Key Levels to Watch Now
11.8.2023
The Litecoin price has dipped by 0.5% in the past 24 hours, with the altcoin's fall to $82.98 also representing a 14% fall in the last 30 days.
LTC's troubles come in the wake of last week's halving, which has failed to set alight the cryptocurrency market, and which seems to have been a classic...
Bitcoin Price Could Rise to $180,000 by 2024 Halving, Says Fundstrat
9.8.2023
In a recent note to investors, Fundstrat has forecasted a potential surge in the price of bitcoin to an astonishing $180,000 before its next block reward halving event in April 2024. The financial services company attributes this projected 521% price hike from current levels to the rising demand...
Bitcoin Price Prediction as $29,000 Level Holds Stable – Here are Key Levels to Watch
8.8.2023
As Bitcoin maintains its position around the $29,000 threshold, several market dynamics emerge, offering potential trajectories for the world's leading cryptocurrency.
The sentiment surrounding BTC witnessed a positive shift post the encouraging remarks by renowned investor Cathie Wood. ...
Cardano Price Prediction as ADA Dips Below $0.30 – Here are Key Levels to Watch
4.8.2023
The price of Cardano (ADA) has dipped below $0.30 for the first time since June and early July, with its current price of $0.293809 marking a 0.2% decline in 24 hours and a 5% loss in the past week.
While ADA is also down by 6% in the past fortnight, the altcoin remains up by 19% since...
Shiba Inu Price Prediction as SHIB Dips 1% in 24 Hours – Here are Key Levels to Watch
2.8.2023
The price of Shiba Inu (SHIB) has dipped by 1% in the past 24 hours, with its slide of $0.00000828 coming as the cryptocurrency market as a whole rises slightly by 1% today.
SHIB is now up by 5% in the last seven days and by 7.5% in the past month, with the meme token having gained by only...
Bitcoin Mining in July: $844.56 Million in Revenue, Dominance of Top Pools, and Fluctuating Difficulty Levels
1.8.2023
As per the data compiled for the month of July, bitcoin miners discovered a total of 4,366 blocks, collectively accruing approximately $844.56 million in block rewards and fees. This figure marks an estimated increase of $60.8 million from the previous month. July’s Bitcoin Mining Landscape:...
Bitcoin loses $29K as traders flag key BTC price levels to watch next
1.8.2023
Bitcoin traders are particularly interested in the short-term holder cost basis as a potential BTC price support level
Bitcoin Price Prediction as Bulls Push BTC Back Toward $30,000 – Here Are The Key Levels to Watch
31.7.2023
As the market observes the live Bitcoin price at $29,183, it remains closely monitored with a 24-hour trading volume of $11.9 billion.
Continuously updating in real-time, Bitcoin has experienced a slight 0.64% decline over the past 24 hours.
Holding the top spot on CoinMarketCap, its live...
Terra Luna Classic Price Prediction as LUNC Falls Below $500 Million Market Capitalization – Here are Key Levels to Watch
28.7.2023
The Terra Luna Classic price has fallen by 0.5% in the past 24 hours, with its slip to $0.00008144 also representing a 6% loss in the last seven days.
This marks a bad week for LUNC, yet the altcoin has been facing a decline for several months now, with its price also down by 9% in the past...
Bitcoin Network’s High Difficulty Levels Poised to Ease Amid Longer Block Intervals
24.7.2023
Upon achieving an unprecedented all-time high on July 11, 2023, soaring to a staggering 53.91 trillion, Bitcoin’s difficulty is poised to decline by an estimated range of 3.9% to 4.04% come July 26, 2023. Block generation periods have been lagging behind their typical ten-minute average...