Bitcoin (BTC) adoption has increased, and the largest cryptocurrency has become less risky as its correlation rate with gold reached 85% in the past year, which signals that a BTC price bottom could be near. The correlation of assets measures how one asset moves compared to the other, and it is scored between 1 and…
Huobi Global has seen its native token HT surge up to 70% in the last 30 days, following the arrival of Tron founder Justin Sun as an advisor to the crypto exchange. According to CryptoSlate data, in the last 30 days, Huobi’s HT started trading flat between $4.1-$4.5 up until Oct. 10, when it spiked…
Quant Network’s QNT token is one of the best-performing digital assets in the crypto market, as its value has surged by over 100% to $216.54 in the last 30 days. The native token of the interoperability-focused blockchain network has enjoyed a string of positive performances, culminating in being Oct. 17’s top gainer, according to CryptoSlate…
The price of Bitcoin tanked by 3% following the release of September’s Consumer Price Index (CPI) data showing inflation at 8.2% year-over-year. This came in worse than the 8.1% expected rate, extending fears of a drawn-out bear market while adding pressure for further rate hikes. The pressure is on On October 7, the U.S. Bureau…
Bitcoin (BTC) briefly bounced above the $20,000 mark earlier today for the first time since Sept. 28 after gaining 4.6% in the past week. However, the euphoria was shortlived as it was rejected around the $20,400 level, dropping to $19,991 as of press time. Bitcoin/USD Chart (Source: Tradingview.com) The price-performance is coming at a time…
Two addresses have processed over 45% of Ethereum (ETH) transactions since the blockchain network completed its transition to a proof-of-stake (PoS) consensus mechanism, according to Santiment data. 📊 According to our #Ethereum Post Merge Inflation dashboard, 46.15% of the #proofofstake nodes for storing data, processing transactions, and adding new #blockchain blocks can be attributed to…
The largest liquidation candle in a month wiped out most of the gains Ethereum posted following the Merge. Following its transition to a Proof-of-Stake network, ETH touched $1,640 in what many believed would be the beginning of a rally. However, aggressive liquidation pushed its price below $1,500, with ETH standing at around $1,480 as of…
The price of Bitcoin sank following the release of Consumer Price Index (CPI) data by the U.S. Bureau of Labor Statistics (BLS), showing a 0.1% increase in August, taking the unadjusted value to 8.3%. In response to last month’s BLS CPI report, released on August 10, Bitcoin closed the day up 5% to $24,050. BTC…
Ravencoin (RVN) has seen its price rise over 13% in the last 24 hours to $0.06359, capping a bullish week for the token. On the seven days metrics, the proof-of-work (PoW) token spiked by almost 70% –surging from less than $0.045 to as high as $0.072– according to CryptoSlate data. Source: TradingView (CryptoSlate) Meanwhile, Ravencoin’s…
Bitcoin’s highly volatile price has devastated the majority of the crypto market and is now dragging miners down with it. While often considered the foundation of the Bitcoin network and its most resilient players, miners are suffering from rapidly decreasing profit margins. Bitcoin mining difficulty currently stands at just 1% below its all-time high and…