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Bitcoin Mining Difficulty Reaches Unprecedented Highs Amidst Challenging Market Conditions
14.6.2023
On Wednesday, June 14, 2023, at block height 794,304, the Bitcoin network recorded its third consecutive mining difficulty increase since May 18. The mining difficulty climbed by 2.18%, bringing the overall difficulty to another unprecedented high at 52.35 trillion. Bitcoin Mining Difficulty Hits...
Big week for crypto — Here’s everything you need to know
14.6.2023
On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses all the important events scheduled for this week in the crypto space and how they could impact the market
Going parabolic
14.6.2023
Crypto, memes and bad news have a similar adoption curve these days
Bitcoin, Ethereum Technical Analysis: BTC, ETH Remain Oversold Ahead of Today’s Fed Rate Decision
14.6.2023
Bitcoin fell below a key resistance level on Wednesday, as markets prepare for the upcoming U.S. Federal Reserve interest rate decision. It is expected that the Fed will keep interest rates unchanged at 5.25%. Ethereum remained below $1,800 in today’s session. Bitcoin Bitcoin traded below...
Australia's Crypto Industry Body Denounces Recent Banking Restrictions
14.6.2023
Blockchain Australia said it wants to tackle the issue "head-on by using real data," after reports that banks in the country were blocking payments to crypto exchanges
Fed Preview: Bitcoin Market Skews Bearish as Analysts Anticipate 'Hawkish Rate-Hike Pause'
14.6.2023
Options market shows a bias for puts, or bearish bets, tied to bitcoin ahead of the pivotal Fed meeting
Binance CEO Changpeng Zhao denies rumors of selling Bitcoin to bolster BNB
14.6.2023
While several theories emerged, the Binance CEO asserted that no BTC or BNB trading activity is happening behind the scenes
New Study Highlights Bitmain’s S19 Mining Rigs Dominate Bitcoin Network’s Hashrate
14.6.2023
Coin Metrics researchers published a groundbreaking study on June 13, unveiling an innovative nonce analysis methodology for bitcoin mining. This research enables experts to dissect and identify the specific mining rigs responsible for contributing hashrate to the network, while also evaluating...
Bitcoin Price Prediction as US Inflation Rate Data is Announced – Is the Bear Market Over?
13.6.2023
The latest data on the US inflation rate indicates that consumer prices increased by 4% from a year earlier, marking a decrease from April's 4.9% and a significant drop from last June's 40-year high of 9.1%.
The Labor Department's consumer price index reveals that this is the smallest yearly...
US Inflation Cools to 4% Annual Rate, Setting Stage for Fed’s Decision on Interest Rates
13.6.2023
The U.S. Bureau of Labor Statistics’ consumer price index (CPI) report, released on Tuesday, reveals that inflation in the United States has eased to a yearly rate of 4%. The latest development arrives just ahead of the upcoming Federal Open Market Committee (FOMC) meeting scheduled for June...
Bitcoin, Ether and Stablecoins Total 80% of $1T Crypto Market Cap as Investors Flee Altcoins
13.6.2023
The combined market capitalization of BTC, ETH and stablecoins reached the highest since February 2021, digital asset research firm K33 Research noted
Biggest Movers: BNB Snaps Losing Streak, Surging Back Above $240
13.6.2023
BNB snapped a four-day losing streak on Tuesday, as traders moved to buy the recent dip in price. The native token of Binance fell to a six-month low to start the week, following recent sentiment surrounding the exchange. XRP also rebounded today, hitting a multi-month high. BNB BNB rebounded from...
Bitcoin price rejects CPI boost as market Fed rate pause odds near 95%
13.6.2023
Bitcoin falls back in line almost immediately after closing the weekend's CME futures gap near $26,500
Uniswap releases version 4 code, allowing for new types of liquidity pools
13.6.2023
The new version features “hooks” that will allow for more customized options, but it will not be implemented until more feedback is obtained from the community
Bitcoin gets closer to '51% attack' on altcoin market
13.6.2023
Bitcoin's market dominance index has failed to sustain above 50% since April 2021 — so will this time be any different?
Bitcoin, Ethereum Technical Analysis: BTC Above $26,000 Ahead of US Inflation Report
13.6.2023
Bitcoin rose above the $26,000 level on Tuesday, as markets prepared for the latest U.S. inflation figures. Consumer prices for May are expected to fall to 4.1% — double the Federal Reserve’s 2% target. Ethereum remained below $1,800. Bitcoin Ahead of the upcoming inflation report...
NFT Market Sees 20% Drop in Weekly Sales After a Few Weeks of Gains
13.6.2023
After several weeks of consecutive gains, sales of non-fungible tokens (NFTs) have slumped 20.44% this week compared to the previous week. According to seven-day statistics, NFT sales totaled $152.96 million last week, with $84 million in sales originating from the Ethereum blockchain. This...
BLUR Underperforms CoinDesk Market Index Ahead of $62M Token Unlock
12.6.2023
Huge increase in supply could hurt BLUR’s price. The token has also fallen after SEC labeled other tokens as securities
Potential Venus Protocol Liquidation Raises Concerns in BNB Community
12.6.2023
Crypto market observers are currently focusing on the Venus Protocol this week as the protocol grapples with a possible liquidation of binance coin (BNB). The hacker who exploited the BNB blockchain managed to secure $150 million in stablecoins through the use of Venus. If the price of BNB slips...
Bitcoin and select altcoins show resilience even as the crypto market sell-off continues
12.6.2023
Regulatory enforcement against the crypto sector has spooked investors, but the total crypto market capitalization continues to hold above $1 trillion