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Ethereum remained close to a three week high on Monday, as prices rallied following a turbulent weekend. Bullish sentiment appears to have somewhat returned to crypto markets to start the week, with the market cap trading 1.56% high as of writing. Bitcoin was also in the green in today’s session. Bitcoin Bitcoin (BTC) was trading […]Powered by WPeMatico
Bitcoin recorded another mining difficulty rise on Sunday, October 23, 2022, at block height 760,032 rising 3.44% higher. This means that not only is it 3.44% harder to find a bitcoin block subsidy, the network’s mining difficulty has also reached another all-time high (ATH) by tapping 36.84 trillion. Bitcoin’s Mining Difficulty Adjusts Upwards by 3.44%, […]Powered by WPeMatico
Despite the fact that bitcoin miners are getting bare minimums in profits per petahash per second (PH/s), and the myriad of headlines showing specific mining operations folding from the crypto winter, the network’s total hashrate continues to chug along at close to 300 exahash per second (EH/s). With lower bitcoin prices and the mining difficulty […]Powered by WPeMatico
Institutional interest in Grayscale Bitcoin Trust continues to dwindle 10 months into the crypto bear market.
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Bitcoin accumulation is in full swing during the downtrend despite BTC price having more room to drop.
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In addition to a 0.75% basis point hike, the Federal Reserve also set its 2022 target interest rate at 4.4%, leading Bitcoin analysts to forecast further downside for BTC.
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Polls suggest that the Fed is likely to raise rates by 75 basis points as Bitcoin price clings to $19,000.
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A set of technical indicators see Bitcoin price ending its prevailing bearish cycle.
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Bitcoin derivatives data also shows sentiment shifting in favor of a massive crash below $20,000, the current psychological support.
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A classic bearish reversal pattern suggest pain ahead for the ETH/BTC pair despite Ethereum’s milestone Merge event.
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