Bitcoin price failed to stay above the key $19,500 support zone. BTC is currently (03:30 UTC) down over 6% and trading below $19,000. It seems like ether’s price decline is dragging bitcoin lower and might push it towards $18,000 or $17,800. Similarly, most major altcoins are gaining bearish momentum. ETH started a major decline and…
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Since the transition from proof-of-work (PoW) to proof-of-stake (PoS), ethereum cannot be mined and miners are now dedicating hashrate to different PoW chains. Since ethereum can no longer be mined, the most profitable PoW consensus algorithms are Kadena, Scrypt, and Cuckatoo32. Five days ago, before The Merge, the consensus algorithm Ethash was the most profitable,…
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At the time of writing, only one coin in the top ten crypto assets by market capitalization is a proof-of-work (PoW) token and out of the top 20, there are only three tokens that leverage a PoW consensus mechanism. Moreover, out of 50 of the largest crypto coins by valuation, only six use PoW and…
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Bitcoin price started a consolidation phase after it dropped to $19,500. BTC is currently (11:00 UTC) trading above $19,500 and eyeing an upside break above $20,000. A clear move above the $20,000 resistance might send the price towards $20,450 in the near term…. Read More: Bitcoin Price and Ethereum Might Recover, CHZ and LINK Turn…
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Bitcoin price remained well below the $20,500 resistance zone. BTC is currently (03:30 UTC) trading below the $20,000 support zone. A downside break below $19,500 might start a major decline in the near term. Similarly, most major altcoins are struggling to start a fresh increase. ETH started a major decline and traded below the $1,500…
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Bitcoin price stayed above the $19,500 support zone. BTC is currently (12:20 UTC) consolidating near the $20,000 level. To start a fresh increase, the bulls must push the price above the $20,500 resistance zone in the near term. Similarly, most major altcoins might attempt a fresh increase. ETH is slowly moving lower towards the $1,550…
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Bitcoin price found support near the $20,000 level after a strong decline. BTC is currently (11:10 UTC) consolidating above $20,000. It could start a fresh increase if there is a clear move above $20,800. Similarly, most major altcoins are consolidating near support zones. ETH is struggling to stay above the $1,600. XRP might decline and…
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Bitcoin price failed to stay above the USD 22,500 resistance zone. BTC declined nearly 10% and is currently (03:30 UTC) consolidating losses. If the price stays above USD 20,000, it could start a fresh increase. Similarly, most major altcoins are declined and tested key supports. ETH declined over 5% and tested the USD 1,550 support.…
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Bitcoin price remained stable above the $22,000 pivot level. BTC is currently (11:20 UTC) rising and attempting a close above $22,500. If the bulls succeed, the price might rise towards the $23,200 and $23,500 levels. Besides, most major altcoins are trading in a range. ETH is consolidating above $1,700 and eyeing a fresh increase. XRP…
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Bitcoin price gained pace and settled above the USD 22,000 pivot level. BTC is currently (04:00 UTC) showing positive signs and eyeing more upsides. If there is a correction, the bulls might appear near USD 21,500. Besides, most major altcoins are slowly moving lower. ETH declined a few points and struggled to stay above USD…
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