The “hash price” of Bitcoin mining, which is the amount of money miner’s make per terahashes per second, has fallen to levels not seen since the FTX crash of November 2022, despite the fact that the hash rate has hit all-time highs. On August 18, the Bitcoin network’s hash rate
Hashdex, a cryptocurrency asset manager, has joined the U.S. spot Bitcoin ETF contest. A proposal to include spot Bitcoin in the Bitcoin futures ETF was submitted to the U.S. SEC by the crypto asset manager. Surprisingly, Hashdex will not use the Coinbase surveillance sharing agreement like other recently filed Bitcoin ETFs,
Bitcoin (BTC), the world’s largest cryptocurrency, has shown strong bearish momentum over the past few weeks. Moreover, BTC is struggling to maintain its position around the $26,000 mark. While investors are expecting BTC to surge, it dropped below $26K. On the other hand, Bitcoin has experienced the highest address activity
In order to bring inflation down, U.S Fed Chair Jerome Powell has suggested that weaker labor markets are necessary. He issued a stern warning that the US Federal Reserve is ready to implement more interest rate hikes if they become necessary. Powell said that the Fed plans to keep interest
In the midst of the highly unpredictable and volatile crypto market since the start of 2023, certain cryptocurrencies have managed to maintain their stability and some marked new lows. Despite the extreme fluctuations and declines, key players like Bitcoin (BTC) and Ethereum (ETH) attempted to exhibit enduring strength. Notably, the
Bitcoin (BTC) price failed to sustain the bullish momentum after the price spiked on August 23, and is now trading around the $26,000 mark. Despite the ongoing bear assault, on-chain data is showing signs of improvement for traders. The data shows that Bitcoin supply on cryptocurrency exchanges has hit a
The crypto market has experienced a massive downtrend over the past few weeks. The top cryptocurrencies in the crypto market have shown strong bearish momentum. On the other hand, according to the Santiment data, several cryptocurrencies have witnessed the highest level of address activity. 📈🧐 The top 10 assets by
The Federal Reserve Bank of Kansas City will host its annual Economic Policy Symposium (Jackson Hole Symposium) on August 24-26, 2023, at a time when de-dollarization fears are at an all-time high. Based on previous reactions to US Federal Reserve events over the last two years, it’s possible Bitcoin’s price
The underlying Bitcoin network is not looking to follow the negative BTC price behavior. New records have been set for both difficulty and hash rate, as verified by the most recent on-chain statistics. Bitcoin miners seem to be unfazed by the recent price decrease of 10%. On August 22nd, the
PrimeXBT has quickly risen in popularity as a go-to cryptocurrency trading platform, offering a comprehensive range of professional tools and features. With its focus on crypto futures and CFDs, PrimeXBT has become a leading choice for traders looking to delve into the world of leveraged crypto trading. In this review,
