Month: August 2022

Bitcoin Price Must Clear This Level If It Wants To See $28,000

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Bitcoinโ€™s trajectory in the recent recovery showed a clear intent from bulls to target the $28,000. While it hit some important milestones in its big to reach this level, it has been unsuccessful in reclaiming it. The tug-of-war between the bears and the bulls continues as the fight for control wages on. Given this, there is now a critical technical level that the price of bitcoin must clear before it is able to continue on its campaign to reach $28,000. Capitulate And Breakout Bitcoin has held considerably better than what…

Is Filecoin Networkโ€™s Incentive Plan Sustainable? Crypto Analysts Want to Know

CryptoX – Cryptocurrency Analysis and News Portal Jonathon Victor, product lead for Protocol Labs, the open-source research and development lab that developed Filecoin, outlined five revenue sources for storage providers: block rewards, storage fees, retrieval fees, transaction fees and additional services. Original Source The post Is Filecoin Network’s Incentive Plan Sustainable? Crypto Analysts Want to Know appeared first on CryptoX. CryptoX Portal

Bitcoin Bull Rally Fades, Mining Difficulty Surge By 0.63%

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As the bear hug gets tighter, the price of Bitcoin may drop below $21,000. Recent price movements saw a high of $25,135 and a low of $23,243. The short-term aim for the declining price trend is a drop to $21,000โ€“$20,000. Bitcoin Bulls Loses Steam On August 18, Bitcoin, the leading digital asset, is battling to hold over $23,500 as it tries to maintain an upward trend that has been growing for the past two months. The bullsโ€™ dominance is clearly dwindling on the daily bar chart, and they will soon…

Bitcoin’s Mining Difficulty Rises for the Second Time in a Row โ€” It’s Now 0.63% Harder to Find a BTC Block โ€“ Mining Bitcoin News

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On August 18, 2022, Bitcoinโ€™s mining difficulty increased again after the 1.74% rise two weeks ago on August 4. At block height 749,952 at 7:07 a.m. (EST) the networkโ€™s mining difficulty rose by 0.63% from 28.17 trillion to 28.35 trillion Thursday morning. Bitcoin Network Records Second Consecutive Difficulty Increase Since August 4 Finding a bitcoin (BTC) block is a touch more difficult today than it was during the last two weeks as the difficulty adjustment algorithm (DAA) increased by 0.63%. The increase is the second consecutive increase after the DAA…

CME Group plans to launch options on ETH futures prior to the Merge

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Major derivatives marketplace Chicago Mercantile Exchange Group intends to launch options trading for its Ether (ETH)ย futures products. In a Thursday announcement, the CME Group said that subject to regulatory review, it plans to launch options contracts for its Etherย futures, sized at 50 ETH per contract. The futures options, expected to start trading on Sept. 12, will follow the firm launching micro-sized Bitcoin (BTC) and Ether options in March 2022, BTC options trading products in January 2020, and a BTC futures contract in December 2017. CME Groupโ€™s global head of equity…

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