Ethereum’s trading value, standing at $ 2,265, represents a fluctuation within a daily range of $ 2,170 to $ 2,310, against the dynamic canvas of a $ 272 billion market capitalization and a robust 24-hour trading volume of $ 19.24 billion. Ether, along with a multitude of crypto assets, mirrors …
Echoes of 2013: Bitcoin Mining Concentration Reaches Decade-High Levels
In the past 72 hours, Antpool has dominated 26.48% of Bitcoin’s overall hashrate, closely followed by Foundry USA at 24.95%. Together, these two mining pools wield 51.43% of the prevailing 502 exahash per second (EH/s) total hashrate. This level of concentration in bitcoin mining pools has been unprecedented since 2013, reminiscent of the era when […]
With Over 50% Market Share, Bitcoin’s Dominance Echoes Its 2021 Peaks
Recent data reveals a surge in bitcoin’s dominance, a measure of its market capitalization in relation to the entire cryptocurrency sphere, reaching peaks not observed since February 2021. Present figures demonstrate that bitcoin (BTC) constitutes approximately 54% of the total cryptocurrency market value, with ethereum (ETH) trailing at just above 17%. Bitcoin Dominance Rises From […]
Amid Rising Bitcoin ETF Hopes, Critics Warn of Vulnerability and Echoes of Precious Metal Manipulation
In recent months, the buzz around a potential bitcoin exchange-traded fund (ETF) has surged, echoing in its climbing price. But the enthusiasm isn’t universal. Some fear a spot bitcoin ETF could make BTC vulnerable, much like the gold and silver markets. The approval might open doors to manipulative practices reminiscent of those alleged in precious […]