Bitcoin’s Hashrate Reaches 618 EH/s, Establishing a New 7-Day SMA Record in 2024
Bitcoin’s computing power has reached a new peak, ascending to 618 exahash per second (EH/s) as shown by the seven-day simple moving average. Currently, 56 entities are contributing at least…
Digital Currency Group Pushes Back Against NYAG Lawsuit
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain…
Ethereum Technical Analysis: ETH Secures Position Above $4,000 Following Key Resistance
On March 11, ethereum’s price action painted a bullish picture, closing at $4,053 after touching a low of $3,800. With oscillators signaling mixed sentiments and moving averages strongly favoring buyers,…
Bitcoin Technical Analysis: Oscillators and Averages Signal Strong Upward Momentum
Bitcoin’s price on Monday, March 11, 2024, shows a bullish trend is undeniably in the air. The day unfurled with bitcoin dancing between $67,785 and $71,837, revealing a bullish sentiment…
Glassnode Insights Into Long-Term Bitcoin Holders Reveal 228% Average Unrealized Gain
An in-depth examination conducted by the onchain analytics firm Glassnode, alongside the researcher Cryptovizart, has shed light on bitcoin’s unexpected rise to record-breaking highs just before the halving occurrence, unveiling…
Worldcoin Introduces Complaint Against Operations Ban in Spain
Worldcoin, the biometric iris scanning project, has introduced a complaint against the actions of the AEPD, the personal data protection agency in Spain. Tools For Humanity, the company behind Worldcoin,…
Bitcoin Mega Whale Resurfaces, JPMorgan Expects BTC Price to Drop, Bitcoin Cash Soars 40%, and More — Week in Review
A significant bitcoin “mega whale” moved 3,000 vintage bitcoins from 2010 as BTC peaked at $69,210. JPMorgan predicted a post-halving drop in bitcoin’s price to $42,000, citing current euphoria levels.…
JPMorgan Says ‘Unrealistic’ to Expect Bitcoin to Match Gold Within Investors’ Portfolios
JPMorgan says the argument that bitcoin’s market cap would rise to $3.3 trillion if it matched gold in portfolios, implying more than doubling in price, overlooks risk. “It would be…
Speculation Intensifies Over US Banking Sector’s Fate as Fed’s BTFP Closure Looms
This weekend, many are intrigued by the potential outcomes following the cessation of the U.S. Federal Reserve’s Bank Term Funding Program (BTFP), launched amidst the significant banking collapses in March…