Bitcoin’s price on July 12, 2024, exhibits a clear bearish trend across multiple timeframes. The leading cryptocurrency’s current price stands at $ 57,237, with a notable intraday range from $ 56,608 to $ 59,516. Bitcoin On the 1-hour chart, bitcoin shows a decline from a high of $ 59,516, forming lower …
Peter Chung, an analyst of Presto Research, has examined the intensity of the selloff that ostensibly will be caused by the repayment of Mt Gox creditors, set to flood the market with close to 142,000 BTC between July and October. According to Chung, BCH will hurt the most with this selloff, given its weaker investor […]
Bitcoin’s price continues its downward trajectory, coasting along at $ 63,950 per unit on June 21, 2024. Despite showing potential entry points, the market is experiencing significant selling pressure across all time frames. Technical indicators suggest a cautious approach for traders as bearish trends dominate the charts. Bitcoin In the short term, the 1-hour …
Bitcoin’s price on June 14, 2024, stands at $ 67,046, with intraday prices ranging from $ 66,425 to $ 68,506. The leading crypto asset’s market capitalization is $ 1.31 trillion, and the 24-hour trading volume is $ 23.92 billion. Technical analysis across multiple time frames indicates a prevailing downtrend, highlighting …
Bitcoin’s hashrate experienced an uptick this week, briefly surpassing 600 exahash per second (EH/s) and currently stabilizing at 598 EH/s. The hashprice, which represents the expected value of 1 petahash per second (PH/s) of hashing power per day, is about $ 57 per petahash. Mining Centralization Grows as Bitcoin Hashrate and Revenues Shift As …