Bitcoin market volatility has been extremely low recently. However, such periods of inactivity are usually followed by a big move, but which way will it be? On May 22, on-chain analysis platform Glassnode reported that volatility had been very low in recent weeks.
The excitement that we saw in Bitcoin from January to part of March has no doubt died down. It is always a good idea to seek a broader perspective when there is a shift in the focus on price and into other areas.
A recent post by Altcoin Buzz on Twitter has raised concerns about a potential incoming dump by Bitcoin miners, as transaction fees and mempool backlog reach new heights.
Comparing to the beginning of the year, the international gold price up 11.2%, the S&P 500 index up 6.21%, the first cryptocurrency bitcoin price up 70.36%, a jump above 30,000 dollars.
Bitcoin mining is still a highly profitable business despite its drawbacks. Moreover, the total cumulative revenue for BTC miners has just reached a new milestone. On-chain analytics provider Glassnode has reported that Bitcoin miners have earned total revenue of $50.2 billion from the block subsidy and fees.
Cryptocurrency mining is the backbone of the entire blockchain ecosystem. This process involves solving complex mathematical equations that validate and verify transactions on a blockchain network.
Beleaguered bitcoin miners are finally feeling the sunshine of spring after a cold, hard crypto winter. The cryptocurrency’s rally above US$30,000 this year has been thrown a lifeline by power-hungry companies that pump new bitcoin into circulation, conspiring with falling electricity prices to boost their profitability.
Bills in Arkansas and Montana that focus on crypto mining have passed in recent days, while legislation in other states remain in the ratification process. While some of the proposed or passed pieces of legislation seek to protect the rights of crypto miners, others seek to put certain restrictions on companies operating in the sector.
Even as Bitcoin surges to levels not seen in months, HODLing will never go out of style. More than half of the coins in existence have not moved in over two years, according to recent figures—a new all-time high. Blockchain data firm Glassnode told Decrypt that the amount of Bitcoin which last moved more than two years ago currently stands at 53.14%.
Bitcoin (BTC 1.06%), which is up more than 60% this year, just experienced its best week since December 2020. While stretches like this often lead investors to anticipate some sort of correction, there is plenty of reason to believe this might just be the beginning of a new bull market.
The recent surge in the price of Bitcoin [BTC] has caused a significant shift in mining activity on the BTC network. Pseudonymous CryptoQuant analyst Onchained found that the 68% jump in the year-to-date value of the king coin has resulted in an increase in fees per transaction due to the increased demand for block space.
The global economy is unquestionably moving towards a digital ecosystem where everything from different investing strategies to money transfers is done digitally. This invites the idea of fresh digital innovations that get continually developed.
Bitcoin market volatility has been extremely low recently. However, such periods of inactivity are usually followed by a big move, but which way will it be? On May 22, on-chain analysis platform Glassnode reported that volatility had been very low in recent weeks.
The excitement that we saw in Bitcoin from January to part of March has no doubt died down. It is always a good idea to seek a broader perspective when there is a shift in the focus on price and into other areas.
A recent post by Altcoin Buzz on Twitter has raised concerns about a potential incoming dump by Bitcoin miners, as transaction fees and mempool backlog reach new heights.
Comparing to the beginning of the year, the international gold price up 11.2%, the S&P 500 index up 6.21%, the first cryptocurrency bitcoin price up 70.36%, a jump above 30,000 dollars.
Bitcoin mining is still a highly profitable business despite its drawbacks. Moreover, the total cumulative revenue for BTC miners has just reached a new milestone. On-chain analytics provider Glassnode has reported that Bitcoin miners have earned total revenue of $50.2 billion from the block subsidy and fees.
Cryptocurrency mining is the backbone of the entire blockchain ecosystem. This process involves solving complex mathematical equations that validate and verify transactions on a blockchain network.
Beleaguered bitcoin miners are finally feeling the sunshine of spring after a cold, hard crypto winter. The cryptocurrency’s rally above US$30,000 this year has been thrown a lifeline by power-hungry companies that pump new bitcoin into circulation, conspiring with falling electricity prices to boost their profitability.
Bills in Arkansas and Montana that focus on crypto mining have passed in recent days, while legislation in other states remain in the ratification process. While some of the proposed or passed pieces of legislation seek to protect the rights of crypto miners, others seek to put certain restrictions on companies operating in the sector.
Even as Bitcoin surges to levels not seen in months, HODLing will never go out of style. More than half of the coins in existence have not moved in over two years, according to recent figures—a new all-time high. Blockchain data firm Glassnode told Decrypt that the amount of Bitcoin which last moved more than two years ago currently stands at 53.14%.
Bitcoin (BTC 1.06%), which is up more than 60% this year, just experienced its best week since December 2020. While stretches like this often lead investors to anticipate some sort of correction, there is plenty of reason to believe this might just be the beginning of a new bull market.
The recent surge in the price of Bitcoin [BTC] has caused a significant shift in mining activity on the BTC network. Pseudonymous CryptoQuant analyst Onchained found that the 68% jump in the year-to-date value of the king coin has resulted in an increase in fees per transaction due to the increased demand for block space.
The global economy is unquestionably moving towards a digital ecosystem where everything from different investing strategies to money transfers is done digitally. This invites the idea of fresh digital innovations that get continually developed.
