Cryptocurrency Analysis and News Portal
From a medium-term perspective, it’s been an extremely strong year for Ethereum. From the capitulation lows of approximately $85 seen in March of this year, the largest altcoin has gained around 200%. And since the start of the year, ETH’s gains are approaching 100%. But stepping back, Ethereum is actually a poor
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Chainlink (LINK) found support near $7.000 after a sharp downside correction against the US Dollar. It is climbing again and it seems like the bulls are aiming a fresh high above $8.500 and $9.000. Chainlink token price is regaining strength above the $7.800 and $8.000 levels against the US dollar. The price
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Chainlink’s euphoric in the third quarter took its price to an all-time high of $8.53 on Monday. Nevertheless, the tenth-largest cryptocurrency corrected lower by up to 19 percent from its record level. Now a string of technical and fundamental catalysts hints that further bearish correction is underway. Chainlink went to its own moon
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South Korean private sector members recently discussed a crypto-related taxation bill meant to establish capital gains tax for cryptocurrencies. During these discussions on July 13, members indicated crypto gains taxes could rise as high as 20%.Cryptocurrencies could be considered as “goods”Proposed amendments to existing laws also plan to classify cryptocurrencies
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The network difficulty for the Bitcoin network spiked over 9.8% on Monday bringing the difficulty to its highest point ever. The record high of 17.35 trillion makes it much harder for bitcoin miners to profit. However, the overall Bitcoin network hashrate has remained consistently above the 120 exahash per
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An index of 50 low-capitalization cryptocurrencies, the so-called Shitcoin Index, is up 114% so far this year. Launched in 2019 by FTX, the index was trading at an all-time high of $1,065 Monday after making all-time highs for the past three consecutive trading days. DisclosureThe leader in blockchain news, CryptoX is
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Following last week’s record-high Bitcoin hash rate, the latest difficulty adjustment saw a change of +9.89%, bringing the level to a new all-time high of over 17.3 trillion on July 13.Despite a lack of recent significant Bitcoin (BTC) price action, the fundamentals securing the network are as healthy as they’ve
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As Bitcoin sails on calm waters, its rival Cardano is up more than 36 percent already in the third quarter.Traders looking to diversify from the top yet flat cryptocurrency could pump Cardano further into July.The upside sentiment takes cues from the altcoin’s upgrade to proof-of-stake at the end of this
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Two months after the network’s halving event, it’s harder than ever to mine bitcoin. Bitcoin mining difficulty, a measure of how hard it is to compete for block rewards on the network, just set a new record high of 17.35 trillion around 12:00 UTC on Monday. This marks a 9.89% jump
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Following the Bitcoin halving, concerns over miner capitulation have proven unfounded. The week just gone saw the network hash rate reach a new all-time high of 125 million TH/s.Source: blockchain.comSignificant pullbacks occurred in March and May, sparking fears of the beginning of a miner’s exodus. Current data shows the Bitcoin
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