The hashrate of the Bitcoin network has experienced a remarkable upward trend. As of May 30, 2023, the hashrate stands at an impressive 399.03 million terahashes per second (M TH/s), reflecting a significant increase from 394.10M TH/s just a day ago and a staggering surge from 221.45M TH/s one year ago. This represents a change of 1.25% from yesterday and an astounding 80.19% growth over the course of the past year. bitcoin hashrate Reasons for…
The cryptocurrency market is down today, with Bitcoin and Ethereum both losing around 5% of their value. The decline in the crypto market is likely due to a combination of factors. Total market capitalization: $1.16 trillion Bitcoin dominance: 46.53% Ethereum dominance: 19.7% Top 10 coins by market capitalization: Bitcoin (BTC): $566 billion Ethereum (ETH): $229 billion Tether (USDT): $83 billion Binance Coin (BNB): $66 billion USD Coin (USDC): $55 billion XRP (XRP): $42 billion Terra (LUNA): $35 billion…
The number of Bitcoin Ordinals Inscriptions has surpassed a significant milestone, reaching over 10 million. Bitcoin Ordinals Inscriptions Understanding Bitcoin Ordinals Inscriptions Bitcoin Ordinals Inscriptions are data embedded into a Bitcoin transaction’s witness data. These inscriptions provide additional information or metadata that can be associated with a specific transaction. It allows users to include various types of data, such as smart contract details, token transfers, and other relevant information within the Bitcoin network. This feature…
Bitcoin has been the center of attention for many investors and enthusiasts. The cryptocurrency market has experienced its fair share of ups and downs, leaving investors wondering about the future of Bitcoin. However, as May draws to a close, Bitcoin continues to hold its ground at the crucial 38.2% Fibonacci retracement level, providing a glimmer of hope for a new bull market. As analyse by Titan of Crypto source @Washigorira twitter Understanding the Fibonacci Retracement…
Bitcoin has once again grabbed the attention of investors and enthusiasts as it surged past the $28,000. This remarkable price rally comes on the heels of an announcement from the White House regarding a deal to avert a potential debt ceiling crisis. and may also be due to regulatory developments in Hong Kong and China. Bitcoin’s Price Surge Bitcoin, the leading cryptocurrency, kicked off the Asia trading day on a positive note, with its price…
If you are looking for a new way to invest in Bitcoin, you might want to check out $OXBT, a new type of token that is backed by Bitcoin and stored on the Bitcoin blockchain. it has skyrocketed in value in just two days. What is $OXBT? $OXBT is a BRC-20 token that is created by burning Bitcoin. BRC-20 is a standard for tokens that are compatible with the Bitcoin blockchain and can be stored…
