Biggest mining difficulty drop of 2023? 5 things to know in Bitcoin this week On October 14, 2023, Bitcoin’s mining difficulty is expected to drop by around 4%, the largest drop of the year. This is due to a number of factors, including the recent decline in Bitcoin’s price and the ongoing regulatory uncertainty in…
Worldcoin launch raises eyebrows as WLD price notches a double-digit gain Worldcoin, a privacy-preserving digital identity project founded by OpenAI co-founder Sam Altman, launched its token (WLD) on major crypto exchanges on July 24, 2023. The token soared to $3.58 shortly after launching, but has since settled to around $2.22, still reflecting a significant double-digit…
Ether Death Cross Threatens More Downside as ETH Price Trades at a Key Support Level Ether (ETH), the second-largest cryptocurrency by market capitalization, is facing a potential death cross on its weekly chart. This technical indicator occurs when the 50-day moving average (MA) crosses below the 200-day MA. A death cross is generally considered to…
Bitcoin Price Is Down, but Data Signals That $30K and Above Is the Path of Least Resistance Bitcoin (BTC) has seen a significant price drop since reaching an all-time high of nearly $69,000 in November 2021. The cryptocurrency is currently trading below $30,000, but data suggests that $30K and above is the path of least…
Bitcoin Gets $28K ‘Plunge Protection’ With BTC Price Due New Volatility Bitcoin traders are expecting a surge in volatility as the US Federal Reserve gears up to announce its latest interest rate decision. The world’s largest cryptocurrency has been trading in a relatively narrow range over the past few weeks, but traders are predicting that…
Bitcoin traders eye Fed’s Powell as FOMC hikes rates to 22-year highs Bitcoin traders are on edge as the US Federal Reserve prepares to raise interest rates to a 22-year high. The Fed’s Federal Open Market Committee (FOMC) is expected to announce a 75 basis point rate hike on Wednesday, July 27, in an effort…
BTC price ‘fireworks’ after monthly close? 5 things to know in Bitcoin this week Bitcoin (BTC) is heading into a new week with the July monthly close just hours away, and analysts are keeping a close eye on the price action. Some believe that BTC could be due for a breakout after being stuck in…
Polygon (MATIC) rally comes to an end as competitors devour market share Polygon (MATIC), a layer-2 scaling solution for Ethereum, experienced a brief rally in early October 2023, coinciding with the launch of its Polygon 2.0 Goreli testnet. However, the rally quickly came to an end, and MATIC prices have since been on a downward…
Bitcoin price data shows investor sentiment at 3-month low October has historically been a good month for Bitcoin, with the cryptocurrency often seeing strong gains. This year, however, the trend may be different. Bitcoin price data shows investor sentiment at a 3-month low, suggesting that the so-called “Uptober” rally may be over. There are a…
Bitcoin price gets new $25K target as SEC decision day boosts GBTC Bitcoin (BTC) is back on the radar of analysts, with some setting new price targets of $25,000 or higher, as the decision day for the US Securities and Exchange Commission’s (SEC) approval of a spot Bitcoin ETF nears and Grayscale’s Bitcoin Trust (GBTC)…