The complexity of solving the mathematical equation connected with a block, which is a measure of Bitcoin’s mining difficulty, surpassed 80 trillion on Friday. With the mining difficulty hitting 81.73 trillion, the network hash rate—which measures the total processing power allocated by miners—rose to 562.81 EH/s, a new all-time high,
Recently, Bitcoin (BTC) has broken through the $52,000 barrier, fueled by sustained interest from institutional traders who continue to drive up demand for the cryptocurrency. The surge in Bitcoin’s price reflects a notable shift in investor sentiment, with a particular focus on call options set at high strike prices, indicating
MicroStrategy, the prominent business intelligence firm, continues to stir up discussions within the financial realm with its audacious foray into Bitcoin investments. The company’s recent quarterly report for Q4 2023 unveiled a notable surge in its Bitcoin reserves, juxtaposed with a decline in revenue, marking a strategic shift in its
Bitcoin soared above $52,000, marking an unexpected high after two years with a 5% surge over the past 24 hours. This milestone has ignited jubilation within the cryptocurrency community, fueling anticipation and fervor for what lies ahead. Adding to it, there is a notable surge in net inflows into Bitcoin
Bitcoin, the leading cryptocurrency by market capitalization, has once again captivated investors, keeping them on the edge of their seats. After experiencing a rollercoaster ride throughout 2022 and 2023, as reminiscent of the bullish scenes in 2021, Bitcoin surged past the highly anticipated $50,000 mark yesterday, now surpassing $51,000. Currently,
Based on data compiled by CoinGlass, the notional open interest—the monetary value embedded in the quantity of open or active bitcoin (BTC) futures contracts—has reached its highest point in 26 months. At the time of writing, Bitcoin is trading at $51,499 as per data from CoinMarketCap, while open interest in
Bitcoin (BTC), after hitting a high near the $50,400 mark, displayed a slight downturn, testing the $48,406 level. However, the largest crypto is currently striving to surpass the $50,000 mark again amidst a backdrop of what analysts are terming a “golden bull phase” in the market. Despite the prolonged setback,
The Crypto Fear and Greed Index, a tool that measures the mood of cryptocurrency investors, has soared to its highest level since Bitcoin hit its all-time high of $69,000 in November 2021. The index tracks various indicators that affect the behavior of crypto traders and investors, such as Google Trends,
Investors in cryptocurrencies and stocks are waiting with bated breath for the U.S. Bureau of Labor Statistics to release January’s consumer price index (CPI) inflation statistics, which might provide fresh clues about potential Fed rate reduction. After a huge influx of buyers into spot Bitcoin ETFs, the price of bitcoin
Stocks in the cryptocurrency and mining sector were upbeat after Bitcoin’s two-year high of $50,363 on February 12th. Crypto-mining equities and MicroStrategy (MSTR) both had double-digit increases over the last week, which is similar to BTC’s 17.5% rise. In the last day, MSTR stock has climbed 11% to $719, and
