In the past week, meme coins have been on a roll, with shiba inu (SHIB) leading the top five pack, gaining 35.5% against the U.S. dollar over seven days. However, the real standout was MOODENG, the meme token inspired by a baby pygmy hippopotamus from Thailand. The newly launched Solana-based coin hit its all-time high […]
Bitcoin Sinks 3% as Markets Brace for Friday’s Jobs Report, Gold Climbs
On Thursday, the crypto market mirrored the stock market’s downturn ahead of Friday’s anticipated U.S. jobs report. All major U.S. stock indices slipped into the red, with bitcoin (BTC) tumbling 3.6% in the past 24 hours. Meanwhile, gold enjoyed a nearly 1% gain, climbing back above the $ 2,500 per ounce mark. Recession Fears …
Crypto Market Surges by $623B in 2024 as Bitcoin Climbs $20K Higher
In just seven months—roughly 236 days—since the year began, the crypto economy has ballooned by a staggering $ 623 billion. The top crypto asset, bitcoin, has seen its market value soar by more than $ 20,000, while ethereum, the second-largest by market cap, has climbed over $ 470 during this period. Top …
Hashrate Climbs 25 EH/s in 8 Days as Bitcoin Miners Adjust to Network Difficulty Reduction
While Bitcoin’s hashprice has been languishing below $ 44 per petahash per second (PH/s) each day, the network’s hashrate is beginning to climb once more. Between Aug. 9 and Aug. 17, the hashrate increased from 612 exahash per second (EH/s) to 637 EH/s, adding 25 EH/s over eight days. Miners Increase Bitcoin’s Hashrate After …