Bitcoin’s mining difficulty just reached a record high above 20.6 trillion as more people are mining at a larger scale than ever before thanks to ballooning mining revenue and…
Tag: Bitcoin’s
Market Wrap: Bitcoin Rangebound as XRP Plummets After SEC Lawsuit – CoinDesk
Bitcoin’s price continues to trade below $24,000 as legal action against Ripple Labs rattled the XRP market. Bitcoin is the only asset in the CoinDesk20 with a positive 24-hour…
Worsening US Dollar, Inflation Metrics Bode Well for Bitcoin’s Continued Rally – CoinDesk
Bitcoin’s price has nearly doubled in the past eight weeks as several major publicly listed companies bought the cryptocurrency to hedge against an inflation-led decline in the value of…
Record Levels of Negative-Yielding Debt Strengthen Case for Bitcoin: Analysts – CoinDesk
Bitcoin’s long-term bullish case may have gotten another boost as the global stockpile of negative-yielding bonds hits a new high. The value of the Global Negative-Yielding Debt Index from…
Fidelity’s Crypto Arm Responds to 6 Common Bitcoin Criticisms – CoinDesk
Fidelity Digital Assets, a subsidiary of Fidelity Investments, has responded to some of bitcoin’s most frequent criticisms, suggesting clarity is needed amid heightened interest in the cryptocurrency. In a…
Crypto Nears Full Month Of Extreme Greed As Famous Buffett Letter Resurfaces
Bitcoin’s price is back above $11,800 after a sharp fall last week into the weekend. However, even a $1,000 rejection wasn’t enough to shake the market out of its…
Market Wrap: Bitcoin Dips to $11.5K; Cardano Is Making a Big DeFi Move – CoinDesk
Bitcoin’s price is trending down and an Ethereum competitor is entering the DeFi race this weekend. Bitcoin’s price was able to rally to as high as $11,917 Friday before…
Blockchain Bites: It’s Never Been Harder to Mine Bitcoin – CoinDesk
Bitcoin’s mining difficulty is at a record high, Singapore’s central bank digital currency could find commercial use and Chinese firms are going in on Filecoin. Here’s the story: You’re…
Drop in Bitcoin ‘Whale’ Addresses Suggests Market May Be Decentralizing – CoinDesk
The number of addresses holding a large number of bitcoins, popularly known as whales, has declined to 14-month lows. However, the drop isn’t necessarily a price-bearish development and may…
Bitcoin Reaches Record High Correlation to S&P 500 – CoinDesk
Bitcoin’s one-year correlation to the Standard & Poor’s 500 index hit record highs as the leading cryptocurrency continues to trade in lockstep with traditional financial markets. The realized correlation,…