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December 30, 2024

Bitcoin slides below $94K mark, bears now in control

Arthur Hayes and other market analysts have cautioned about significant short-term price corrections before Bitcoin hits a new all-time high.The price of Bitcoin, which peaked on December 17, 2024, at about $108,000, fell to $93,793 on December 29, below the $94,000 price level. Bitcoin is down about 2.67% over the last seven days and 1.29% over the last 24 hours, according to data from CoinMarketCap. Following its historic bull rally in November and December, the price of Bitcoin is consolidating between $92,000 and $99,000, trading well below its 20-day EMA and getting closer to its 50-day EMA. The Relative Strength...

December 26, 2024

A 'glitch' in TradingView reduces dominance to zero, causing the price of bitcoin to drop 4%

In what seems to be a reflex reaction to inaccurate Bitcoin dominance data, the price stability of BTC fluctuates.On December 26, Bitcoin experienced volatility as it seemed that markets were responding to erroneous TradingView graphic data. The output is: BTC longs are incurred due to apparent market errors. Cointelegraph Markets Pro data showed abrupt $96,350 Bitcoin price declines of about 4%, bringing an end to the calm Christmas trading environment.As social media users pointed out an irregularity on TradingView's Bitcoin dominance chart, the price of bitcoin dropped toward $95,000. As a result, Bitcoin's portion of the total cryptocurrency market value...

December 24, 2024

How to Mine Kaspa: A Comprehensive How-To

The decentralized cryptocurrency Kaspa (KAS) was created with scalability and speed in mind. As the first blockDAG (Directed Acyclic Graph) coin in history, Kaspa offers a distinctive take on blockchain technology along with quick block confirmation speeds. Kaspa provides mining enthusiasts with a thrilling chance to take part in network security while receiving incentives. Everything you need to know about mining Kaspa will be covered in this article, including software setup and hardware requirements. 1. What Is Mining in Kaspa? The process of mining Kaspa entails applying processing power to resolve challenging mathematical issues and verify transactions on its blockDAG...

December 23, 2024

Will the price of XRP plummet once more?

Will the price of XRP plummet once more? Because of bearish technical conditions and indications of expanding whale dispersion, XRP may drop 15–25% in December.Three weeks after reaching $2.90, its highest level since January 2018, XRP has fallen more than 25%. On December 23, it was trading as low as $2.13.The main causes of the price drop have been the Federal Reserve's hawkish turn and profit-taking at XRP's overbought levels. The output is: Let's investigate the possibility that XRP's price will decline much more in the days ahead. XRP might tumble by 15% to 20% over the holidays. Since early...

December 19, 2024

ASIC Miners: The Efficient Tool for Cryptocurrency Mining

In the world of cryptocurrency, mining is not only a crucial method for generating new coins but also a key component in ensuring the security of the blockchain network and validating transactions. With the widespread adoption of major cryptocurrencies like Bitcoin, mining equipment has evolved from ordinary computers to highly specialized devices. In this process, ASIC miners have rapidly become the mainstream choice in the mining field due to their outstanding performance and specialization. I firmly believe that ASIC miners are the future of proof-of-work mining because they are more energy-efficient, offer higher hash rates, and have stronger environmental adaptability....

December 17, 2024

Is Bitcoin Mining Profitable?

Is Bitcoin Mining Profitable? Bitcoin mining, once considered a lucrative venture, is now facing more complexities. With increased competition and fluctuating market conditions, it’s crucial to understand what factors influence Bitcoin mining profitability. Whether you are just getting into mining cryptocurrency or already have a Bitcoin farm set up, it’s important to know the key elements that determine if Bitcoin mining is worth it. In this blog, we will explore the profitability of cryptocurrency mining, specifically Bitcoin mining, and answer some important questions: Is Bitcoin mining profitable? And can you still mine Bitcoin in 2024? There are key factors that...

November 14, 2024

Exploring Kaspa Mining: Innovative Technology, Challenges, and Opportunities

In recent years, interest in cryptocurrency mining has expanded far beyond Bitcoin and Ethereum, drawing attention to newer blockchains like Kaspa (KAS). Kaspa brings a unique approach to scalability and transaction speed, leveraging its innovative GHOSTDAG protocol. This article explores everything you need to know about Kaspa, including its technology, market challenges, and considerations for those interested in mining KAS with Goldshell miners. What is Kaspa? Kaspa is a decentralized blockchain network that prioritizes scalability and transaction speed using the GHOSTDAG (Greedy Heaviest Observed SubTree Directed Acyclic Graph) protocol. Unlike traditional blockchain structures that rely on a single chain of...