Day: December 13, 2021

Bitcoin Hashrate Approaches New ATH, What Does It Mean For The Price?

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Data shows Bitcoin mining hashrate is now near its all-time high (ATH) set back in April. Here’s what it may mean for the price of the crypto. Bitcoin Mining Hashrate Nears A New ATH According to on-chain data, the BTC network hashrate seems to be approaching the ATH it set back in April of this year. The “hashrate” is an indicator that shows the total amount of computing power connected to the Bitcoin blockchain network. On the BTC blockchain, miners compete with each other by solving complex algorithms so that…

Crypto Fund Inflows Slow to $88M as Market Retreats

Digital asset investment products saw inflows drop 52% last week to $88 million, as crypto markets saw a downturn. The inflows into crypto funds during the week ended Dec. 10 compared with $184 million the prior week, according to a report Monday by CoinShares. Funds focused on bitcoin, the largest cryptocurrency, accounted for the bulk of the week’s inflows, at $52 million. The prior week, bitcoin-focused funds saw $145 million of inflows. Bitcoin is down 26% in the past 30 days, suggesting investors continue to see the price weakness as…

90% of Bitcoin’s Supply Cap Has Been Issued, Miners Have 119 Years Left to Mine BTC – Bitcoin News

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On December 12, crypto advocates celebrated the fact that 90% of the 21 million bitcoins that will ever exist have been mined into circulation. Currently, Bitcoin’s inflation rate per annum is around 1.88%, which is lower than the central banks’ traditional 2% target reference. Furthermore, in 875 days, the network’s inflation rate is expected to drop to 1.1% after 19.98 million bitcoins have been mined. Programmatic Scarcity One benefit people enjoy about the Bitcoin network is that it is mathematical and predictable, in comparison to monetary systems issued by central…

Investing In Cryptocurrency For Beginners

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io This is everything you need to know about investing in cryptocurrency for beginners and how to manage your risk. This is a new asset class that requires a new … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Bank of Russia Bars Mutual Funds From Investing in Crypto

The Bank of Russia, the country’s chief financial regulator, issued new rules for the country’s mutual funds in a directive published Monday. Such funds cannot invest in digital currencies or in “financial instruments, the value of which depends on the prices of digital currencies.” In July, the regulator banned Russia’s stock exchanges from listing financial instruments that are dependent on the prices of digital assets. That letter, dated July 19, said mutual funds should not touch such products, either. The Bank of Russia is currently working on a Russian ruble-backed…

Is Bitcoin Bull Market Structure Intact? On-Chain Analyst Willy Woo Updates Outlook on Top Cryptocurrency

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Closely followed crypto analyst Willy Woo is looking at Bitcoin’s on-chain metrics to determine whether the king crypto’s bull market is still underway. In a new episode of The Bitcoin Forecast, Woo takes a look at the ratio of long-term holders (LTHs) versus short-term holders (STHs) of BTC. Holders of Bitcoin with coins older than five months are considered LTHs, while holders with coins any younger than five months are considered short-term holders. Woo says that when LTHs reach peak accumulation, BTC tends to ignite a strong rally that allows…

Rapper Latashá on NFTs and Inclusivity in Tech

CryptoX – Cryptocurrency Analysis and News Portal I came up from gambling a lot of my life – I’m just big on the leap. I’m a risk taker and everybody’s not like that. And if it’s not for you, it’s not for you. And that’s okay, too. I tell that to a lot of people who are skeptical about it. You don’t have to force this to yourself. If anything, I feel like I didn’t even force NFTs on me, NFTs just came to me, and it was like, alright,…

Bitcoin price slips below $47K as stocks, crypto prepare for this week’s FOMC meeting

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Bitcoin (BTC) bulls are once again on the defensive foot after the breakout momentum that put the price above $50,000 on the weekend evaporated and pulled the price under $47,000. Analysts say the slight pullback in equities markets and the upcoming Federal Open Market Committee (FOMC) meeting are the primary reasons for today’s pullback and a few suggest that a revisit to the swing low at $42,000 could be on the cards.  BTC/USDT 4-hour chart. Source: TradingView Here’s a look at what analysts are saying about the current Bitcoin price…

90% Of Total Bitcoin Supply Has Been Mined. How Long Will The Rest Take?

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Bitcoin has been the leading choice for investors in the crypto space being the first of its kind. However, there is more to why the cryptocurrency is so attractive for investors. The limited supply of the digital asset has secured its reputation as a deflationary asset, making it a great inflation hedge. There will only ever be 21 million bitcoins that will be mined. BTC mining has now been going on for a little over a decade now. For the first eight years or so, mining activities remained pretty flat…