Crypto news
Bitcoin Mining Difficulty Reaches New Peak After 4.68% Increase
The mining difficulty of Bitcoin recently reached a new all-time high after an adjustment of 4.68% on January 29th. The adjustment took place at block 774,308, pushing the difficulty to 39.35 terahashes per second on a seven-day basis, surpassing the previous record of 37.59 TH/s from January 16th. The next difficulty adjustment is expected to...
Market Review of Cryptocurrencies
Cryptocurrency market overview
Yesterday’s decline is well explained by profit-taking at the end of the month.BTC and ETH saw a slight drop, but it was not critical and they managed to hold their levels. During the night, there was a technical rebound, but closer to noon, another story unfolded: Spain unexpectedly reported strong economic performance, which led to...
Will ETH fall after the Shanghai update on April 12?
Will ETH fall after the Shanghai update on April 12?
On April 12, the Shanghai update will be launched, after which validators will be allowed to unlock their staked ether and receive rewards for staking. Short answer: the update is more likely to put pressure within the range of 1-4% on the price of ETH, so a strong effect is not expected. Justification: The worst-case...
Cryptocurrency Market Review
Cryptocurrency Market Review
???? Yesterday’s main news was the speech from Federal Reserve Chairman Powell, causing a lot of noise in the market. The market saw a sudden swing but ultimately ended up rising. Powell’s speech was negative for the market, but he was able to present it as “everything will be okay”. The rise followed by a...
Main Risk Management Strategies
Main Risk Management Strategies
Risk management is an essential part of investing and trading. It can reduce your portfolio’s overall risk in various ways, such as diversification, hedging, stop-loss, and take-profit orders. What is risk management? Risk management entails predicting and identifying financial risks involved with investments to minimize them. Investors employ risk management strategies to manage their portfolio’s...
Crypto news
AI’s ethical dilemma: mass death vs insult.
An experiment on the advanced AI system ChatGPT has revealed that it prioritizes avoiding insults over causing harm. The AI was presented with scenarios where it had to choose between two actions, one of which involved using a racist insult. In each scenario, ChatGPT chose the option that would be the least insulting, even if...
How money is lost on shorting the current market
How money is lost on shorting the current market
Here’s a short story of how persistent speculators lose money in the current market. Korean streamer SATTO opened a short position on BTC during a live stream at a price of $28,000 for a total of $2 million. With liquidation at $29,000. Consequently, after liquidation, another deposit was made and another short position was opened...
Why Token Standards are Important?
Why Token Standards are Important?
Interoperability: Token standards play a critical role in ensuring that different products built using the same standard can interact and work together. By issuing tokens according to a standard, new tokens can remain compatible with existing platforms and applications, including wallets. This enables easier trading of multiple cryptocurrencies and the use of a single wallet...
Crypto Market Review
Market overview of cryptocurrencies
????As mentioned on Sunday, there was a rebound in the market. Whether the rebound will continue depends on a number of factors today: There is still a possibility that the Fed will support the markets during today’s meeting, so there is hope for growth. However, trading should be based on the current situation, not on...
What is Bitcoin Dominance?
What is Bitcoin Dominance?
Bitcoin Dominance – the relationship of Bitcoin’s market capitalization to the capitalization of other cryptocurrencies. As the capitalization of bitcoin is around 43.5% of the entire cryptocurrency market, it is quite correct to compare it with the rest of the market and look for some regularities in this, and this indicator is important for a...
Cryptocurrency Market Review
Crypto Market Review
Yesterday, a bad inflation report was released in the US, which prompted the Federal Reserve to further raise interest rates. Several members of the Federal Reserve also gave speeches that added to the market’s negative sentiment. What surprised me about these speeches was the recurring theme that “it will be difficult to handle such high...
What Are Crypto Whales and How Can You Spot Them?
What Are Crypto Whales and How Can You Spot Them?
Crypto whales are individuals or entities who hold large amounts of cryptocurrency, having amassed their substantial holdings through early investments, mining, or other means. With significant crypto holdings at their fingertips, whales have the ability to influence the market by buying or selling large amounts of assets, causing price fluctuations. In the crypto world, whales...
Cryptocurrency market overview
Cryptocurrency market overview
Cryptocurrency Market Review: ????Market uncertainty. On one hand, there was a correction yesterday, on the other hand, some critical levels of BTC and ETH have not been breached and the market can turn around and grow at any moment, some positive sentiment is seen on the crypto market this morning. S&P is on support, the...