Polygon (MATIC) sees a strong oversold bounce after $250B crypto market rebound
MATIC price secured a near 40% gain as crypto market sentiment improves in the wake of a notable $250 billion relief rally. Go to Source Powered by WPeMatico
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Bitcoin, Ethereum Technical Analysis: ETH Nears 10% Gain, BTC Inches Toward $40,000
Days after falling to a 6-month low, bitcoin rose for a second consecutive session, as prices slowly approached its key level of $40,000. Today’s gain in BTC comes as the global crypto market cap was 4.7% higher from yesterday’s session, as of writing. Bitcoin The world’s largest cryptocurrency hit an intraday high of $38,415.90 on … Read more
BTC price hits $38K as Bitcoin analysts focus on weekly close
$39,600 is the favored short-term target, whether or not Bitcoin price action ultimately returns to downward momentum. Go to Source Powered by WPeMatico
Fearing a Hawkish Fed: Economists Focus on Upcoming FOMC Meeting as Global Market Rout Slows
Global markets have been feeling the pressure of fear and uncertainty, as the upcoming Federal Open Market Committee (FOMC) plans to make a decision on Wednesday concerning changing the current monetary easing policy and raising the benchmark interest rate. Economists and market analysts fear the hawkish Federal Reserve will tighten markets too fast after the … Read more
‘Stop panic selling’ — Bitcoin whales bag spare BTC as exchange balances fall
Old whales may have offloaded last year, but demand for BTC shows no sign of disappearing, the latest data reveals. Go to Source Powered by WPeMatico
US Still Dominates Bitcoin Mining Sector, 30-Day Stats Show Foundry USA Takes Top Pool Position
Since the Cambridge Bitcoin Electricity Consumption Index (CBECI) project updated its mining map in mid-July, the United States has continued to dominate in terms of the amount of hashpower worldwide. Moreover, data shows that Foundry USA has managed to command the top pool position with 755 bitcoin block rewards mined during the last 30 days. … Read more
Bitcoin, Ethereum Technical Analysis: BTC Falls to 5-Month Low
The selloff in cryptocurrencies continued to start the week, with bitcoin falling to its lowest level since July. Ethereum was also trading in the red, hitting multi-month lows in the process. This comes as the overall global market cap in cryptos was down close to 9% at the time of writing. Bitcoin Bitcoin (BTC), which … Read more
Bitmain Reveals Hydro Bitcoin Miner With 198 Terahash, Produces Almost Double the Power of Today’s Top Machines
One of the largest bitcoin mining rig manufacturers in the world, Bitmain announced the launch of a new bitcoin miner that boasts speeds of up to 198 terahash per second (TH/s). The new model is called the Antminer S19 Pro+ Hyd. and it leverages liquid cooling technology in order to improve overall efficiency. Bitmain’s Latest … Read more
Low Volumes Across Crypto Spot Markets and Derivatives Indicate Bearish Conditions
Digital currency markets have slipped significantly in value during the last two weeks and the lower prices have not sparked higher trade volumes. Data shows cryptocurrency spot market volume has slipped from $1.4 trillion in November 2021, to this month’s $593 billion in volume. Bitcoin futures open interest and volumes have dropped considerably over the … Read more
Bitcoin Price Slips Below $36K, BTC Dominance Increases, Billions Leave Crypto Economy
The price of bitcoin tapped a new low this year hitting $34K per unit at just after 5 a.m. (EST) on Saturday morning. Bitcoin is now down over 48% lower than its all-time high (ATH) reached two months ago on November 10, 2021 — when it jumped above the $69K mark. During the last week … Read more