Bitcoin (BTC) miners are experiencing a boost in profitability, which could potentially lead to a decrease in selling pressure from this group of market participants. Following Bitcoin’s rally to $69,000, the cryptocurrency’s hashrate has seen a recovery, now only 3% lower than its all-time high compared to 8% on July 9. This resurgence in hashrate
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The recent economic uncertainty in the United States has had a significant impact on the cryptocurrency market, particularly on the price of Bitcoin. In the past day, Bitcoin’s price experienced a sharp decline, dropping to $60,500 for the first time in almost three weeks. This downward trend was mirrored by several other altcoins, with assets
Bitfarms, a Toronto-based Bitcoin mining company, recently reported that its operational hash rate reached an impressive 11.1 EH/s by the end of July. This marked a significant 109% increase compared to the previous year, showing the company’s continuous growth and development in the industry. Additionally, there was a 7% rise in hash rate month-over-month, with
The identity of Satoshi Nakamoto, the elusive creator of Bitcoin, has puzzled experts and enthusiasts alike for over a decade. Despite numerous theories and speculations, the true identity of Nakamoto remains shrouded in mystery. From renowned figures like Elon Musk and Edward Snowden to claims made by software developer Craig Wright, the search for the
In a bold move, Futu Securities International, the largest online broker in Hong Kong, has recently entered the retail cryptocurrency trading scene in the city-state. This decision marks a significant step towards attracting more investors by offering the opportunity to trade popular cryptocurrencies such as bitcoin and ether. Futu Securities International has partnered with HashKey
MicroStrategy, known for being the largest public Bitcoin holder in the world, recently revealed its intention to raise up to $2 billion through the sale of its class A shares. This announcement was made in a regulatory filing with the U.S. Securities and Exchange Commission. While the company did not specify a timeline for the
Cardano (ADA) is currently witnessing a surge in transaction volume, comparable to that of Ethereum. This rise in transaction volume, as reported by the market intelligence platform IntoTheBlock, indicates a wave of accumulation among Cardano’s large holders. In the last 24 hours, Cardano recorded a substantial transaction volume of $6.7 billion, almost on par with
Over the past few weeks, XRP has experienced quite a tumultuous journey in terms of its price movements. The cryptocurrency started off strong, rallying to a four-month high of $0.66, only to plummet to around $0.56 in just a few days. This 7% decrease on a daily scale and 14% decline since its local top
In a surprising turn of events, the Solana network has outpaced Ethereum in monthly decentralized exchange (DEX) volume for the month of July. According to DefiLlama data, Solana’s DEX transactions reached $55.8 billion, surpassing Ethereum’s $53.8 billion for the same period. This marks a significant milestone for Solana, as it secures its position in the
Bybit, a popular crypto exchange, has recently announced the termination of its operations in France due to regulatory issues. The exchange cited new regulatory developments from the French authorities as the reason behind this decision. The ongoing licensing issues have forced Bybit to temporarily halt its services in the country. This move has been met
