TechnicalAnalysis Archives - Page 115 of 139

June 26, 2022

Bitcoin Electricity Usage Records Notable Drop as Mining Lose Profitability

Recent findings from a Cambridge Bitcoin Electricity Consumption Index report show that Bitcoin (BTC) mining is significantly less power-consuming than it used to be a month ago. The data revealed a 25% drop in energy use in mining activities since the start of this month. Bitcoin currently has an ...

#BITCOIN #BTC #CRYPTOCURRENCY #NEWS #TechnicalAnalysis

June 24, 2022

Solana Launches Blockchain and Web3-Compatible Smartphone, Saga

Solana Labs’ mobile division, Solana Mobile, has launched its first android mobile phone called “Saga.” Saga comes with a 6.67-inch OLED display with a Snapdragon 8+ Gen 1 Mobile Platform. It also comes with a solid 12GB RAM and 512GB storage and allows for the seamless use of crypto and non-fungib...

#CRYPTOCURRENCY #NEWS #SOL #Solana #TechnicalAnalysis

June 23, 2022

Bitcoin Becomes Easier to Find as Mining Difficulty Drops 2.35%

Yesterday, at the block height of 741,888, Bitcoin (BTC) recorded a downward mining difficulty adjustment, as mining the cryptocurrency became 2.35% less difficult than it was two weeks ago. At the time, the network had a difficulty rate of 30.28 trillion, which currently sits at 29.50 trillion. Th...

#BITCOIN #BTC #CRYPTOCURRENCY #NEWS #TechnicalAnalysis

June 22, 2022

Shiba Inu Records 50% Spike as Token Burning Picks-Up

The ongoing crypto winter has done significant damage to the price of many cryptocurrencies including Shiba Inu (SHIB). However, the meme coin appears to be staging a strong comeback with the help of its broad support base, the SHIB Army. Shiba Inu has recorded a significant price rally over the p...

#CRYPTOCURRENCY #NEWS #SHIB #Shiba Inu #TechnicalAnalysis

June 21, 2022

Bitcoin Rebounds as Miners Reduce Selling Pressure

Bitcoin (BTC) miners have eased off on selling their tokens, indicating that selling pressure on the benchmark cryptocurrency has abated. BTC trades above the $21K level in the London session on Tuesday after slumping to the $17.5K low over the weekend. A notable degree of the recent sell-off got s...

#BITCOIN #BTC #CRYPTOCURRENCY #NEWS #TechnicalAnalysis

June 19, 2022

Bitcoin Crashes to $17.5K as Fundamental Factors Weigh Heavy on Sentiment

Bitcoin (BTC) broke the $20K support for the first time since December 2020 yesterday, plummeting to a heart-wrenching low of $17.5K. Reports show that the decline caused over $600 million in liquidations. Several factors, working hand-in-hand, are responsible for the worsening bearish sell-off. Fi...

#BITCOIN #BTC #CRYPTOCURRENCY #NEWS #TechnicalAnalysis

June 17, 2022

Elon Musk Faces Class-Action Suit Over Alleged Dogecoin Shilling

Keith Johnson, a Dogecoin (DOGE) investor, has filed a class-action lawsuit against Tesla boss Elon Musk and his companies, Tesla and SpaceX, in a federal court in Manhattan. The court document detailed: “Defendants Elon Musk, SpaceX, and Tesla Inc. are engaged in a crypto pyramid scheme (aka Ponzi...

#CRYPTOCURRENCY #DOGE #DOGECOIN #NEWS #TechnicalAnalysis

June 16, 2022

MicroStrategy Boss Dispels Margin Call Rumors as Bitcoin Fails at $23K

Prominent Bitcoin (BTC) supporter Michael Saylor recently debunked claims that MicroStrategy is on the verge of liquidating its BTC holdings to satisfy a margin call in a Bitcoin-backed loan. These rumors surfaced in the past few days after the benchmark cryptocurrency slumped to an 18-month low. S...

#BITCOIN #BTC #CRYPTOCURRENCY #NEWS #TechnicalAnalysis

June 15, 2022

Cardano Market Analysis: ADA Rebounds Mildly as US Fed Rates Uncertainty Lifts

The raging crypto winter has set Cardano (ADA) and the rest of the crypto market on a journey to the bottom, wherever that may be. Over the past six months, the smart contract cryptocurrency has lost about 65% of its value to the persistent downtrend. At press time, the entire crypto market valuati...

#ADA #Cardano #CRYPTOCURRENCY #NEWS #TechnicalAnalysis