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Bitcoin Mining Difficulty Drops More Than Estimated


Starting today, mining Bitcoin (BTC) has become easier than in the end of April. On Wednesday morning (UTC time), BTC mining difficulty, a measure showing how hard it is to compete for mining rewards, dropped by 6%, to 15.14 T, while a week ago, some analysts estimated a c. 2% drop. In April...

Crypto Market Sentiment Drops Again; Bitcoin Still in the Positive Zone


Source: iStock/da-kuk Crypto market sentiment went for a dive in the first week after the Bitcoin (BTC) halving event on May 11. Crypto market sentiment analysis service Omenics shows that the combined moving average 7-day market sentiment measure, sentscore, for the top 10 coins dropped from last...

Crypto Market Sentiment Drops in 7 Days, Even Bloodier in 24 Hours


The crypto market sentiment is not having a good day, or a good week for that matter. Not only has the combined moving average 7-day market sentiment measure, sentscore, for the top 10 coins dropped from last week's 5.88 to 5.67/10 this week, as crypto market sentiment analysis service Omenics...

Ripple’s XRP Sales Drop Sharply, ODL Gets Traction


The XRP-affiliated fintech firm Ripple has once again reduced selling from its massive holdings of XRP tokens, this time reaching its lowest quarterly sales ever. According to their new report, the first quarter of this year saw XRP sales by Ripple of USD 1.75 million. The new figure comes after...

Bitcoin Drops Below USD 7,000, Altcoins Follow


After multiple failures to clear the USD 7,400 resistance area, bitcoin price reacted to the downside. BTC/USD broke the USD 7,250 and USD 7,120 support levels to move into a short term bearish zone. BTC is down more than 5% (08:30 UTC) and it could continue to move down. Similarly, most major...

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