Bitcoin Blockchain and Cryptocurrency News Center
The senior commodity strategist is bullish on Bitcoin, revealing on Oct. 18 that its relative discount to hash rate has hit levels not seen since the first quarter of 2020. Bloomberg Intelligence senior commodity strategist Mike McGlone says Bitcoin’s ($19,206) relative discount to its high hash rate in October — the largest since the first quarter […]
The reduced difficulty allows Bitcoin miners to confirm transactions using lower resources, enabling smaller miners a fighting chance to earn the mining rewards. The difficulty in mining a block of Bitcoin (BTC) was reduced further by 5% to 27.693 trillion as network difficulty maintains its three-month-long downward streak ever since reaching an all-time high of 31.251 […]
The Ethereum hash rate broke the 250 TH/s barrier for the first time since Aug. 2018, the Cointelegraph announced. The amount of computing power on the Ethereum network is currently at an all time high following weeks of volatility in key metrics on the blockchain. According to data from on-chain analytics provider Glassnode, the Ethereum […]
The Bitcoin (BTC) network hash rate has just taken a steep plummet and is now down almost 45% from its 2020 peak, the Cointelegraph reported. The network’s hash rate sank from 136.2 quintillion hashes per second (EH/s) on March 1 to 7.5.7 EH/s today, March 26, according to data from Blockchain.com. Coin.dance — another analytics site for […]
After facing some dire price action earlier this week, Bitcoin (BTC) has been able to incur some notable upwards momentum that has come about as a result of bull’s ardent defense of the cryptocurrency’s key support within the mid-$8,000 region. The defense of this support, and subsequent rally higher, suggests that bulls have some underlying […]
Bitcoin (BTC) hit $9,000 on Jan. 17 as technical metrics continued to break both local and all-time records. Cryptocurrency market daily overview. Source: Coin360 BTC clips $9,000 as traders lie in wait Data from Coin360 and Cointelegraph Markets showed BTC/USD finally rising to the significant $9,000 boundary on Friday, following a bullish run-up overnight. At press time, a […]
Bitcoin (BTC) has already hit a new record in 2020 as the cryptocurrency’s network hash rate once again topped previous all-time highs, the Cointelegraph reported. Data from multiple monitoring resources including Blockchain and Coin Dance confirmed hash rate was higher than ever on the first day of the new year. Estimates point to an all-time high for BTC network […]
Bitcoin hash rate has been performing exceptionally this year. Miners around the world clearly see a bright future for the leading crypto asset. The same cannot be said for other big projects in the industry. Whereas Bitcoin just hit a new all-time high hash rate, the likes of Ethereum, Bitcoin Cash and SV, and Litecoin have seen […]
The Bitcoin (BTC) hash rate reached a new all-time high today, according to data from monitoring resource Blockchain.com on July 7. The previous record was broken in the second half of June, when bitcoin’s hashrate reached 65.19 TH/s and growth has steadily continued since then, the CoinTelegraph reported. Hash rate is the number of calculations that a […]