The price of bitcoin is coasting along under the $ 37K range following the recent settlement between the U.S. Department of Justice (DOJ) and Binance. At the same time, the U.S. Federal Reserve’s minutes were released on Tuesday showing no signs of any possible rate cuts or monetary easing. Fed officials stressed at their …
Bitcoin Technical Analysis: BTC Enters a Steady Range-Bound Consolidation Phase
As bitcoin hovers around $ 36,209, the cryptocurrency market braces for potential shifts. The day prior, BTC slid to a low of $ 35,109 per coin but has since managed to rebound back above the $ 36K range. Bitcoin’s market volatility intensified following the release of the consumer price index (CPI), a …
Bitcoin Technical Analysis: Steady Above $35K as Indicators Signal Growth Potential
Bitcoin’s stability appears to be holding as the price consolidates around $ 35,140, showing a modest 24-hour trading range. Despite recent fluctuations, market sentiment remains cautiously optimistic, with key technical indicators providing a mixed but generally favorable perspective. The neutral readings on the RSI and Stochastic oscillators, alongside bullish signals from moving averages, suggest …
Bitcoin’s Hashrate Holds Steady Above 400 EH/s Amid Sky-High Network Difficulty
Amid the soaring network difficulty, Bitcoin’s hashrate remains resilient, firmly holding above the 400 exahash per second (EH/s) frontier. A total of 43 mining pools channel their hashpower at the Bitcoin blockchain, yet, it’s Foundry USA’s pool that ruled the roost this month, seizing a 29.36% share of the total hashrate over the past 30 […]