Bitcoin Nearly Taps $29,000 as Bull Run Continues
Bitcoin nearly tapped $29,000 this morning as the bull run has continued. The leading cryptocurrency is up 5% in the past 24 hours, having pushed from the $27,000 region to $28,900 in the latest leg higher. Bitcoin currently trades for $28,750 as bulls have failed to surmount the $29,000 resistance. Chart of BTC's price action […]
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Bitcoin price continues to struggle with resistance above $60,000, but data suggests it is refueling for a much larger move higher. In fact, the same data could point to the current bull run only being roughly one-quarter or less of the way through to completion. There’s also a chance that the cryptocurrency bull run is only just getting started, making potential targets as high as $400,000 per coin when it is all said and done. […]
Promoted: As the world’s number one decentralized currency continues its relentless bull run, Invictus Capital is showing everyone why it pays to bet on Bitcoin.
Bitcoin’s hashrate has once again reached an all-time high (ATH) this year, as the network’s processing power reached 275.01 exahash per second (EH/s) on May 2, 2022. The recent ATH follows a significant difficulty jump on April 27, and bitcoin’s value lost 6.2% against the U.S. dollar over the last two weeks. Bitcoin Hashrate Taps 275 Exahash Just recently, Bitcoin’s mining difficulty tapped an ATH at 29.79 trillion and it’s currently the most difficult it has ever been to find a BTC block reward. On April 27, after coasting along at 28.2 trillion for....
Many are pushing non-fungible tokens (NFTs) as the next big thing in cryptocurrency. While market uncertainty continues to reigns, in particular DeFi markets, which have failed to recapture the levels seen before the recent slump, now is as good a time as any to make a mark. Certainly, Bitcoin bull Anthony Pompliano believes this to […]
After Huobi Global announced that it would be delisting the stablecoin HUSD and auto-converting customer balances 1:1 with tether tokens, the stablecoin asset has dropped significantly in value sliding to a low of $0.72 per unit. HUSD Remains Below the $1 Peg Another stablecoin is struggling to maintain parity with the U.S. dollar as HUSD has slipped from the $1 peg to $0.746 per unit on Oct. 30, 2022. At the time of writing, the stablecoin token is exchanging hands for $0.765 per unit and there’s only $59,790 in global trade volume during the past 24 hours. Two days ago, Bitcoin.com News....