After experiencing a period of high fees, onchain transfer costs on the Bitcoin network have decreased significantly. On Friday, the fees peaked at $ 240 per transaction, but by now they have fallen to just $ 11.06 each. Since reaching block height 840,179, miners are now earning less bitcoin in rewards compared to …
Bitcoin Technical Analysis: Bulls Regain Strength and Rise Toward Upper Resistance Levels
Bitcoin’s price trajectory on March 25, 2024, showcases bullish momentum, coasting along at ranges between $ 66,934 to $ 67,087 per unit. The day’s trading ranged from $ 64,568 to $ 67,672, indicating a volatile yet upward trend. Bitcoin A close examination of bitcoin’s (BTC) oscillators suggests a predominantly neutral to …
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 […]
Ethereum Technical Analysis: ETH Bulls Continue to Break Upper Resistance Levels
Biggest Movers: LINK, SOL Race to Highest Levels Since 2022
Chainlink extended recent gains on Wednesday, as the cryptocurrency rose to its highest point since last year. Prices rose by as much as 9% today, taking the total gain to 50% over the last seven days. Solana was another notable gainer, surging over the $ 33.00 mark. Chainlink (LINK) Chainlink (LINK) was a notable …