While BTC’s Hashrate Remains High, It’s More Difficult Than Ever Before to Mine Bitcoin – Mining Bitcoin News

At the end of January 2021, Bitcoin’s network mining difficulty, a measure of how complicated it is to mine a block reward, is higher than it’s ever been during the crypto protocol’s lifetime. Currently, Bitcoin’s mining difficulty is a whopping 20.8 trillion but despite the handicap, bitcoin miners have continued to keep the network’s hashrate running hot. Bitcoin Difficulty Touches 20.82 Trillion Bitcoin (BTC) prices have been higher than ever before and despite the temporary dip on January 21 below the $30k handle, the crypto asset has managed to remain…

Why traders say Ethereum may see a ‘rinse’ pullback after breaking its two-year high

Several traders believe that the price of Ether (ETH) could pull back after it achieved a new all-time high on Jan. 25, gaining nearly 100% in January. Ether has outperformed Bitcoin (BTC) so far this year, buoyed by the growing number of users on Ethereum. Primarily due to the growing demand for DeFi, the Ethereum network has seen an increase in user activity and transaction volume. ETH/USDT 15-minute price chart (Binance). Source: TradingView.com This has also led the popularity of the term “Ethereum” to increase significantly on Google Trends, breaking its previous…

First Mover: Bitcoin Flushes ‘Weak Hands’ as Ethereum Hits New All-Time High

Bitcoin was higher on Monday at around $33,000, rebounding after a 9.9% drop in the seven days through Sunday, the biggest weekly drop since August.  “Bitcoin is seeing some consolidation itself after surviving another run at $30,000,” Craig Erlam, senior market analyst for the London-based foreign exchange brokerage Oanda, wrote Monday in an investor update. “A move back above $35,000 may start to change the conversation but the trend is against it these last few weeks and a move lower still looks more likely.” Ether, the main cryptocurrency of the…

Big Investors Stacked up Ether as Price Rose to Record High

Strong hands look to be backing the recent rally to record highs for Ethereum’s ether cryptocurrency. The number of whale addresses (those holding at least 10,000 ETH) jumped to a 13-month high of 1,103 on Saturday, according to on-chain data from blockchain analytics firm Glassnode. More than 35 whale addresses have been created this month alone, and 75 since mid-November. The increased accumulation by investors with deep pockets may have put upward pressure on the ether’s price. Ether addresses holding more than 10,000 coinsSource: Glassnode The second-largest cryptocurrency by market…

Ethereum (ETH) Breaks Its All-Time High Price Record Above $1,450

Though Ethereum alone bears the glory with this current milestone, many factors work synergistically to help the coin attain the record ATH. Ethereum (ETH), the second-largest cryptocurrency by market capitalization has beaten its own all-time high price record above $1,450 in the early hours of January 25 according to CoinMarketCap. Per the data aggregator, the price of Ethereum surged to $1,467.78 beating the earlier record of $1,439.33 set last week. The journey to set this significant price record for Ethereum has been a long haul since the coin was created…

Aave hits record $288 high as demand for flash loans and staking increases

Aave (AAVE) price has been on an absolute tear for weeks and today the DeFi-token rallied to a new all-time high at $288.90.  The decentralized finance protocol is one of the most popular in the market and the recent rally in the DeFi sector is one of the driving forces behind AAVE’s rally. AAVE/USDT 4-hour chart. Source: TradingView At the start of 2021, AAVE price was trading at $83 and the recent rally appears to have bolstered the protocol’s surging total value locked, increasing buy volume on spot and derivatives…

Chainlink now bigger than Litecoin as LINK price hits new high above $24 — What’s next?

Chainlink (LINK) remains to be one of the best performing cryptocurrencies in the past twelve months. As of Jan. 23, LINK is now bigger than Litecoin (LTC) and now number seven at $9.2 billion market capitalization, after surpassing Bitcoin Cash earlier this week. The LINK price surge also coincided with rumors this week that Grayscale is preparing to add a Chainlink Trust product. This news event likely played a part in the price of Chainlink rallying toward new all-time highs, making LINK, once again, one of the best performing cryptocurrencies. What is…

CTT Cryptocurrency Massive move incoming! Bitcoin Market signals! XRP DEAD? Whales accumulating?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io INVEST IN YOUR EDUCATION. INVEST IN YOURSELF! cut off the netflix, STOP watching YOUTUBERS shilling exchanges, and trash pump and dump coins… trim the fat out of your life. we are at a crossroads. leave the baggage behind and move forward. This is not financial advice, i’m not a financial advisor. these markets are extremely volatile, please do your own research, and trade responsibly. NO ADs, No Sponsors, Nothing for Sale here… a Wealth of Knowledge, Free Indicators, daily Technical Analysis. INTERESTED…

All-time high social activity accompanies 100% rally in Cardano price

Social media mentions about Cardano have been growing since the beginning of the year, and during this time, the price of its ADA token has more than doubled, in the process surpassing Bitcoin Cash (BCH) to become the sixth-largest cryptocurrency by market capitalization.  A deeper dive into data from Twitter data failed to identify a specific driver of ADA’s bullish price action, but data from The Tie did show that Cardano mentions recently reached an all-time high, with the price tracking the increase. Cardano 30-day average tweet volume vs. price.…

First Mover: What’s Next for Ethereum After Cryptocurrency Hits All-Time High

Bitcoin (BTC), the largest cryptocurrency, was down for a second straight day, pushing toward the lower end of the range between $34,000 and $40,000 where prices have traded for the past couple weeks.  Ether (ETH), the second-biggest cryptocurrency, retreated after surging on Tuesday to a new all-time high price of $1,439. (Our Market Moves column, below, looks at the significance of this milestone. See also the latest issue of CryptoX’s Valid Points newsletter by our colleagues Christine Kim and Will Foxley, exploring the “intrinsic value of ether.”) The price pullback is “somewhat disappointing, but also…