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...
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...
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...
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...
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...
Crypto Market Review
Market overview of cryptocurrencies
📍The market is trading in a narrow range. BTC dominance is increasing, and currently, altcoins are noticeably weaker than BTC, even after the recent surge. ETH is also falling relative to BTC. There is an anomalous accumulation of shorts on BTC, indicating that if there is an upward movement, it will be sharp. Next week,...
Crypto news
Investors Show Strong Preference for Bitcoin in Digital Asset Market: Report
CoinShares recently published its Digital Asset Fund Flows Report, which revealed that digital asset investment products are attracting significant interest from investors. Last week saw inflows of $76 million, the fourth consecutive week of growth, bringing the year-to-date total to $230 million. This increase has led to a rise in assets under management, which now...
The Decentraland Metaverse Decline Continues
The Decentraland metaverse – Decline continues
In the Decentraland metaverse, some events are taking place to increase the platform’s attractiveness and attract new users, and recently the fashion week ended, although it lasted only 4 days for some reason. ✔️Only 26,000 unique users visited Fashion week, imagine these small numbers, while the project’s market capitalization is over $1 billion. However, I...
Bullish Flag Formation Resembles 2019 for Bitcoin
Bullish Flag Formation Resembles 2019 for Bitcoin
In the world of cryptocurrency, market patterns and technical analysis play a significant role in predicting price movements. One such pattern is the bullish flag formation, which has recently been observed in the chart of Bitcoin. This formation is characterized by a period of consolidation after a strong upward price movement, with the price moving...