Bitcoin Plumbing Six-Month Lows and Higher Oil Prices Suggest Further Pressure
Saudi Arabia and Russia Monday morning agreed to extend oil production cuts, sending crude to its highest levels of 2023. Original Source
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Lows
Bitcoin revenue per terahash nears record lows as hashrate soars
Bitcoin mining revenue or “hash price” — a measure of dollars earned per TH/s per day — has slumped to levels not seen since the collapse of FTX in November 2022, while hash rate has reached new highs. Over the past week, Bitcoin network hash rate topped 414 exahashes per second
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Bitcoin velocity hits lows last seen before Q4 2020 BTC price breakout
Bitcoin (BTC) on-chain activity is at levels last seen before its run to 2021 all-time highs, data shows.In an X (formerly Twitter) post on Aug. 25, Ki Young Ju, CEO of analytics platform CryptoQuant, revealed multiyear lows in Bitcoin velocity.Bitcoin supply stagnates at $26,000Bitcoin is becoming increasingly static at current
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Polygon At June Lows Again
Polygon (MATIC) has entered a phase of consolidation, hovering just above the crucial $0.50 mark. The coin’s recent retracement to June lows
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Bitcoin bulls risk trading range loss as BTC price nears 2-month lows
Bitcoin (BTC) targeted two-month lows on Aug. 17 as United States inflation returned to spook cryptocurrencymarkets.BTC/USD 1-hour chart. Source: TradingViewBTC price teases exit from months-long corridorData from Cointelegraph Markets Pro and TradingView confirmed the lowest BTC price levels since June 21 as BTC/USD wicked to $28,300.The downside came after the
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Bitcoin (BTC) Slips to 2 Month Lows as Leveraged Funds Ramp Up Bearish Bets
"Whether that's one of the largest financial services companies in the world launching a stablecoin using public blockchain infrastructure or renewed excitement for futures-based ETH ETFs on the back of a flurry of new applications, both volatility and volume metrics continue to drop to multi-year lows," David Lawant, head of
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ETH Price Slippage Can Indicate Market Highs and Lows for Crypto Traders
The chart shows ether's USDT-denominated price and aggregated maximum slippage – the highest daily slippage on a single market order. The aggregated max slippage includes data from crypto exchanges Binance, BitMEX, Bybit, Bitfinex, Deribit, Huobi, OKX, Phemex, and quarterly futures listed on Huobi and OKX. Source
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Litecoin Price (LTC) Plunges to Fresh Monthly Lows on Litecoin Halving Day
“Litecoin’s halving cycle has been one of anticipation, where it troughs and peaks ahead of its halving event," Greg Cipolaro, global head of research at digital asset investment firm NYDIG, wrote in a report last week. “This is opposed to bitcoin, which has peaked well after its halving in its
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Bitcoin Miners Buy up Rigs as Prices Near All-Time Lows
Mining rigs are getting cheaper mainly due to a decline in bitcoin’s hashprice, the revenue miners generate per terahash of computing power. This measure of profitability, which factors in Bitcoin’s network difficulty, price, energy costs, block subsidies and transaction fees, has been “choppy and steadily decreasing” in the past year,
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DeFi Daily Volume Dwindles to 7-Month Lows as Sector Suffers From Hacks
Total value locked (TVL), which measures the amount of capital that is held across all DeFi protocols, slumped from $45.3 billion to $42.9 billion in July as the sector failed to turn the tide against falling asset prices. During this period, ether (ETH) traded down from $1,920 to $1,850 whilst
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