The debate around the large-scale energy consumption caused due to Bitcoin mining has been around for many years. Not only did this bring down Bitcoin’s hash rate, but also set off what is being termed as “the great mining migration.” The potential destinations miners are considering moving their operations to, include, Central Asia, Europe, and […]
The debate around the large-scale energy consumption caused due to Bitcoin mining has been around for many years. Not only did this bring down Bitcoin’s hash rate, but also set off what is being termed as “the great mining migration.” The potential destinations miners are considering moving their operations to, include, Central Asia, Europe, and […]
THETA did not make many gains, while VeChain continued to make headlines as it continues to lead the blockchain’s adoption in the food industry. Despite the double-dip, the coin managed to save itself from falling any further towards the $33,810 support level. THETA has kept itself consolidated between $10.41 resistance and $8.29 support level since […]
If you have the emotional and financial resources, go the other way’… this is a trading mantra that’s echoed on several platforms for several assets. According to the technical analysis of many analysts, bitcoin’s price follows a predictable pattern based on previous trends, and that it will rise again. Disclaimer: AMBCrypto’s content is meant to […]
However, the prevailing situation has become a little more bearish of late, with the world’s largest cryptocurrency unable to hold a position above its immediate support levels. While Bitcoin’s dominance level has dropped down over the past few months, its market cap is still responsible for 43.3% of the total crypto-valuation. A point of no […]
The news of El Salvador adopting Bitcoin as legal tender fueled disparate reactions from different corners of the world. Earlier this month, U.S Senator Elizabeth Warren had doled out severe criticism against the use of cryptocurrencies citing security and environmental concerns. Disclaimer: AMBCrypto’s content is meant to be informational in nature and should not be […]
Even as the bears continued to dominate the global crypto-market, altcoins like Bitcoin Cash, ATOM, and Dash pushed back on last week’s losses. Bitcoin Cash’s price movement has been sideways on the 4-hour chart for almost a month, even as it lost 23.8% of its value over the past 4 days. Increasing bearish momentum could […]
Bitcoin, the world’s largest cryptocurrency, has been the mainstay of the market for over a decade now. Bitcoin, with its slow settlement times, low programmability, and no native way to issue assets, while an “incredible, first-generation thing,” needs a “damn upgrade,” Hoskinson went on to say. “It is its own worst enemy. That is an […]
It has been more than a month now and Bitcoin, the world’s largest crypto, has remained in the lower $30k to the mid $40k price band. Amidst the death cross narrative doing the rounds, the aforementioned phrases have sort of become alienated to the community now. Bitcoin’s price, for now, is yet to successfully sustain […]
El Salvador‘s latest quest to make Bitcoin a legal tender in the region was greeted with enthusiasm by many, especially since it was the first country to do so. Its weak fiat dominance coupled with high inflation rates degraded the region’s position when compared to other nations. Post its Bitcoin venture, El Salvador is now […]
The ETC network has been ensnared in a proposed algorithm shift to boost its security. As a matter of fact, ETC has carried forward ETC’s PoW legacy, and the same did not benefit the network greatly. According to Tsankov, SHA 3 could possibly be “one of the biggest” changes that can happen with Ethereum Classic. […]
ETH was trading around the $2,500-range, at press time, a finding that was evidence of its drastic downward trajectory since its $4,298 peak in May. Ethereum might have decoupled itself from Bitcoin a few weeks back, but now, their correlation has only been increasing. Looking at the bigger picture, Ethereum’s market share has taken an […]
Cryptocurrencies have carved made a niche for themselves in many people’s portfolios and the adoption will only increase in time. This was suggested by a survey carried out by fund administrator, Intertrust, a survey that saw participation from 100 hedge funds globally. Hedge funds have been deeply involved with cryptos for a while now and […]
On the other hand, Bitcoin Cash continues to exhibit sideways price movement with slight gains in the last day. As Ripple vs SEC continues, Ripple’s latest defense challenged the SEC’s jurisdictional authority over the exchanges that Brad Garlinghouse and Chris Larsen sold XRP to. After the repeated price fall on June 4 and June 7, […]
Cardano, the fifth-largest cryptocurrency, has been constantly making news either with regard to tech developments or price movement. “Let me translate the billionaire speak for you guys. Disclaimer: AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice. …Read the full story
Gains of 12% helped Bitcoin climb back above $40,000- the first of many levels that needed to be recaptured for a speedy recovery from its bear market. Not only did the digital asset break north from its down-channel but it also managed to find higher support levels at $35,000 and $39,000. Even though a few […]
Supported by MicroStrategy’s bid to buy Bitcoin, the coin finally breached the $40,000 mark during the early hours of trade today. BTC had been struggling to break past $40,000 for more than 2 weeks now which it finally achieved in the early hours of trade today. MACD displayed a strong bullish crossover as the indicator […]
Bitcoin gained a bad rep of being easily manipulated by the community ; the coin lost over 39.9% of its price within the last 2 months. Popular trader and analyst Rekt Capital in his recent video discussed the potential head and shoulder pattern formation on Bitcoin’s charts and the implications of the same. But Rekt […]
Interestingly, as the difficulty hit the same level as that of January, the price has also moved higher to a similar level. When news of Chinese miners receiving orders to close operations in the Xingjiang’s Zhufing Economic and Technology Development Zone broke, hash rate took another hit. Wu noted that a drop in hash rate […]
Out of more than 1,600 and available cryptocurrencies in the market, Bitcoin and Ethereum are the most dominant and relevant ones. According to the trader, Bitcoin had significant advantages over Ethereum as a long-term investment. Disclaimer: AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice. …Read the […]