The world’s largest cryptocurrency Bitcoin surged beyond $36,000 on Tuesday but was also dropped approximately 0.38 % in the previous 24 hours, opposed to ETH’s 0.76 % drop. Buyers appear to be returning, based on the recent bounce, although some experts…
Bitcoin & Ethereum Market Overview 24/1/22
On Friday, the crypto market was a sea of red, with bitcoin, the world’s largest cryptocurrency by market capitalization, falling more than 10% in the previous 24 hours. Global investors appear to have begun the year with a lower appetite for…
Explained: What is the purpose of mining pools and how do they work?
Mining pools are formed by miners who combine their resources in order to receive more constant rewards. The amount of processing power contributed to the pool determines how much reward is given for solving blocks. Individual miners combine their resources to…
Crypto News: A Weekly Review
In Tuesday trade, Bitcoin couldn’t decide what to do. It began the day with a brief downward spiral, with the price threatening $41,000. Then it took a different path. It was on its way back to where it started the day,…
Bitcoin & Ethereum Market Overview 19/1/22
Bitcoin kept most of the weekend hovering slightly around $43,000, where it started. Investors were looking for hints that bitcoin’s downward trajectory had ended and that the largest cryptocurrency by market capitalization was about to initiate a major bull cycle. Ether,…
Explained: How can I keep my cryptocurrencies safe?
The decentralized, secure peer-to-peer network is extremely difficult to hack or manipulate, which is a prominent aspect of blockchain technology and cryptocurrencies. As a result, the most severe cybersecurity threats arise not from blockchain technology or cryptocurrencies such as Bitcoin itself,…
Crypto News: A Weekly Review
For years, Bitcoin traders have speculated that the largest cryptocurrency by market capitalization may act as an efficient inflation hedge. That’s why they’ll be paying close attention to Wednesday when the U.S. Labor Department releases its Consumer Price Index (CPI) data…
Bitcoin & Ethereum Market Overview: 10 January 2022
As fear overtakes the cryptocurrency market, the Bitcoin price has seen a sharp rise in selling pressure. On the daily chart, the price action creates a falling wedge formation as it approaches the $40,000 level, with an 18% drop from the…
Explained: What determines the Bitcoin price?
The value of Bitcoin is not determined by a single organization such as a central bank, unlike fiat currencies such as the Euro or the US Dollar. Instead, supply and demand, or, to put it another way, the price people are…
Crypto News: A Weekly Review
Even if Bitcoin has rebounded dramatically from its all-time high of $69,000 in 2021, the digital currency is still up 60% year-to-date. Gold has decreased by more than 5% within the same time period. Considering global inflation on the rise, Bitcoin’s…