Altcoin OI Crash Signals Market Stress Beyond Bitcoin – $8B Wiped Out
Altcoins are facing a crucial test after the broader crypto market experienced a sharp selloff triggered by leveraged liquidations. Ethereum, the second-largest cryptocurrency, slipped below the $4,200 level, signaling weakness across the sector. Meanwhile, Solana and several other major altcoins shed more than 10% of their value within hours, underscoring the speed and intensity of […]
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Bitcoin company CoinWallet is set to conduct a stress test on the bitcoin network in September and warned that this could create a 30-day backlog. For now, the company hasn't set a specific date for the stress test but also noted that the results could support calls for a hard fork in the network. CoinWallet's previous stress test achieved only 15% of the output due to a crash in its servers. The company plans to flood the system with countless small transactions, enough to fill two blocks every minute then send out slightly larger transactions. Bitcoin Stress Test. "We feel that our tests....
In this week’s Bitcoin.com News Week in Review, one market strategist issues a dire warning about the U.S. economy and a large market crash that could cause a “50 to 60 percent haircut” in stocks. Further, the Russian government is reportedly making moves to create a global gas cartel with Iran. These stories, as well as the latest Robert Kiyosaki market predictions, and news of a whale spending 10,000 bitcoins likely connected to the 2011 Mt Gox hack, are just below.
Market Strategist Expects Stock Market to Drop 50% From Here, Says There’s....
The crypto market is still trying to recover from its crash in early March, and sentiment is currently fluctuating. Although the Fear & Greed Index is still in the fear zone, the Bitcoin price is now slowly pushing back toward $90,000, which has been slowly changing the sentiment among altcoins. Rekt Capital, an influential analyst on X, reignited hope for an incoming altcoin season with a key technical signal. According to the post, a breakout in the altcoin market cap could soon take shape if one critical condition is met. The analyst shared a chart and commentary suggesting that the....
Can the bitcoin network still survive under extreme conditions? Brokerage CoinWallet.eu organized a stress test to find out how many transactions the network could handle and if a crash would take place. The stress test was conducted on earlier this week and lasted for 100 blocks. The plan was to see if the network could spend around 20 BTC on transactions amounting to 200MB of data. The bitcoin network had passed without any major incident, but it was only able to handle 15% of the transactions. Bitcoin Network Stress. CoinWallet wanted to find out if the current 1MB block size would be....
The crypto market has seen more than $50 billion wiped off its total market cap in the space of 24 hours. It comes hot on the heels of the market decline triggered by Binance’s massive planned FTT dump. Bitcoin, as well as other digital assets in the space, have all seen significant declines during this […]