Bitcoin Hashrate Inches Closer to Record as Difficulty Rise Looms

Bitcoin’s hashrate has been climbing steadily, closing in on its peak of 693 exahash per second (EH/s) recorded on Sept. 8. At present, it’s cruising just shy of that record, clocking in at 680 EH/s. Block times have been quicker than the typical ten-minute average, and as we approach Oct. 9, the network’s difficulty is … Read more

Bitcoin Hits $64K Mark on Monday, Crypto Market Sees $200M in Liquidations

On Monday, Oct. 7, bitcoin (BTC) reached an intraday peak of $64,444, giving traders plenty to buzz about. By the end of Monday’s trading sessions, BTC had gained 2% against the U.S. dollar. The global crypto trading scene saw an impressive $92.617 billion in volume, with bitcoin grabbing a $29.85 billion slice of that pie. … Read more

Polymarket Sees Shifts in Satoshi Nakamoto Betting Odds Ahead of HBO Film Release

With the HBO documentary set to release on Wednesday, claiming to reveal the true identity of Satoshi Nakamoto, Polymarket bettors are actively speculating on who it might be. As of this writing, Len Sassaman, who previously led the wagers, has fallen behind, while Blockstream’s Adam Back now leads with a 22.5% probability of being named … Read more

Bitcoin Technical Analysis: Uptrend Intact, But Indicators Warn of Short-Term Correction

Bitcoin is trading at prices between $62,856 to $63,016 at press time, with a market cap of $1.24 trillion and a 24-hour trade volume of $23.87 billion. Intraday, prices fluctuated between $62,120 and $63,909, showing signs of consolidation. Despite the overall uptrend, oscillators and moving averages paint a mixed picture, hinting at potential corrections while … Read more

IMF Urges El Salvador to Tighten Bitcoin Law and Strengthen Oversight

The International Monetary Fund (IMF) has advised El Salvador to narrow the scope of its bitcoin law, strengthen regulation and oversight of the cryptocurrency, and limit public sector exposure. The IMF remains engaged with the country to support reforms and ensure bitcoin adoption does not threaten financial stability. IMF Urges El Salvador to Tackle Bitcoin … Read more