Within the last 24 hours, Bitcoin mining difficulty increased by 3.04% to hit an All-Time High (ATH). The rise in Bitcoin mining difficulty comes amid a sizable reduction in miners’ profits. As a result, crypto enthusiasts are now looking to see the long-term implications for Bitcoin’s (BTC) price. Current State of Bitcoin Mining According to…
Data highlighted the dominance of the top 10 layer one blockchains, collectively valued at $1.66 trillion. In Russia, financial analyst Vladislav Antonov projected growth for the Hamster Kombat token post-airdrop. Meanwhile, China and Russia’s payment flows are under strain due to new sanctions targeting Chinese firms aiding Russia’s war effort. India’s HDFC Bank introduced enhanced…
El Salvador-based activist and founder of My First Bitcoin, John Dennehy highlighted the evolution of Bitcoin (BTC) in three years. On X, the crypto enthusiast recalled being in San Salvador on September 6, 2021, just a day before it became legal tender in El Salvador. On September 7, 2021, El Salvador, under the leadership of…
September 4, 2024 at 05:18 PM GST 2 mins read News Since the last halving, Bitcoin has not established a new All-Time High (ATH), which is a deviation from the previous trend Peter Brandt, an analyst, notes that the price of Bitcoin made lower highs and lows, indicating a reversal of the market. Some of…
September 2, 2024 at 11:20 AM GST updated: September 2, 2024 at 11:03 AM 2 mins read Crypto Live News August 2024 marked Bitcoin miners’ lowest revenue month since September 2023, with a $99.75M drop compared to July. Onchain fees in August decreased by $4.14M, compounding miners’ financial challenges amid reduced hashprice. Foundry USA and…
Bitcoin miners faced their most challenging revenue month of the year in August, marking the lowest earnings since September 2023. Onchain fees collected in August also dipped, reaching a low not seen since last year, with a $4.14 million drop compared to July. August Bitcoin Mining Revenue Drops $99.75M Lower Than July The ongoing effects…
2024 has so far been quite eventful for Bitcoin (BTC), whose price is currently hovering around $58,500, or up 40% year-to-date (YTD). The most successful period for the primary cryptocurrency was in mid-March when it hit a new all-time high of over $73,500. In the following lines, we will explore some important factors that suggest…