5 cryptocurrencies with the best upside potential in the week ahead
Bitcoin and Ethereum’s ETH are finding buyers at lower levels, which may be a bullish sign for XMR, OKB and RPL. Go to Source Powered by WPeMatico
Bitcoin
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Bitcoin Network Overwhelmed by 390,000 Unconfirmed Transactions and Surging Fees
In just under two weeks, the number of unconfirmed transactions on the Bitcoin network has skyrocketed from 134,000 to over 390,000, causing a bottleneck in the mempool. This surge in unconfirmed transactions has resulted in a staggering 343% increase in transaction fees, which have risen from $1.99 per transaction on April 26 to a current … Read more
Watch these Bitcoin price levels next as BTC dips 3% in choppy weekend
Some swift downmoves fail to make Bitcoin dislodge a familiar trading range, with one trader calling it “in limbo.” Go to Source Powered by WPeMatico
Bitcoin trader eyes $63K BTC price for new Bollinger bands ‘breakout’
BTC price action is shaping up to repeat a rare Bollinger Bands breakout which only happens once per halving cycle, data suggests. Go to Source Powered by WPeMatico
Crypto Miners Pay Kazakhstan $7 Million in Taxes Amid Uncertain Future for Sector
The government of Kazakhstan has collected over $7 million in taxes this and last year from enterprises mining cryptocurrency in the country. The news comes amid growing regulatory pressure that is limiting the industry’s access to low-cost energy while increasing its tax burden. Miners Face Higher Expenses, More Challenges Under New Legislation Kazakhstan’s coffers have … Read more
Price analysis 5/5: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
Ether has broken out of its triangle and that may pull Bitcoin price above $30,000. Go to Source Powered by WPeMatico
Stronghold Digital Partners With Canaan Subsidiary to Boost Bitcoin Mining Capacity by 400 PH/s
Stronghold Digital, a leading Bitcoin mining firm, announced the company has entered into a two-year hosting agreement with Cantaloupe Digital LLC, a subsidiary of the bitcoin application-specific integrated circuit (ASIC) manufacturer, Canaan. Under the new partnership, Stronghold Digital plans to activate 2,000 Avalon A1346 miners and 2,000 A1246 models. This will result in a total … Read more
Bitcoin price sets new May high above $29.5K as traders eye breakout
Bitcoin bulls slowly claw back lost ground on the road to a $30,000 rematch as the U.S. banking crisis lingers. Go to Source Powered by WPeMatico
Bitcoin Miners Breathe a Sigh of Relief as Difficulty Drops 1.45% After Five Consecutive Increases
Bitcoin’s network has been putting miners through the wringer lately, with five straight difficulty increases that had them on edge. However, on May 4, 2023, at block height 788,256, the network difficulty level took a dip, dropping by 1.45% and bringing the overall difficulty down to 48.01 trillion for the next two weeks. Bitcoin Difficulty … Read more
Bitcoin drops with stocks as analyst warns of banking crisis ‘endgame’
Nerves become apparent across risk assets as U.S. regional banks add to already significant losses. Go to Source Powered by WPeMatico