Ethereum (ETH) saw one of the most severe flash crashes that it has seen since the beginning of the year.

The post Data shows institutional demand for Ethereum surged despite the recent crash appeared first on CryptoSlate.

On April 15, a widespread power outage in North China led to a sharp decline in the Bitcoin hash rate. Because major mining farms are located in China, there was a 20% corresponding decline in hash rate. The China Hash Rate Crash Of 2021 As a result of the decline in hash rate, backlog in […]

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As the second wave of coronavirus pandemic has started to run havoc in different countries, the Biden Administration is gearing up to announce another set of relief packages for the Americans. On top of the $2.3 trillion proposed stimulus package in the pipeline, the report suggests the White House is working on another $1 trillion

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According to crypto transactions data tracker Cryptoquant, crypto exchanges are experiencing low Bitcoin and Ethereum levels. Cryptocurrencies are slowly regaining their glory after most of their prices plummeted over the weekend.  A Forgettable Weekend After Bitcoin soared to a record level of $63,475 on Thursday, several cryptocurrencies such as Ethereum, Ripple, and Dogecoin jumped onRead More

The power outage in North China on April 15 led to a sharp decline in the Bitcoin mining hash rate up to 20% as the majority of Bitcoin mining farms are concentrated in China. The decline in mining hashrate has led to a major backlog in transaction processing as well, leading to a mounting transaction

The post Bitcoin Miners Bag $16.7M in a Day as Mining Outage Mount Backlogs appeared first on Coingape.

"If the U.S. stopped all the U.S. miners, Kazakstan stopped all the miners there — that kind of shuts down 80% to 90% of the hash rate pretty quickly," said Curtis Spencer.

The crypto market has been ignited in the past weeks, as Bitcoin and Ether gained over 10% and XRP doubled in value. One reason for the frenzy is the direct listing of Coinbase on Nasdaq on Wednesday. The listing of Coinbase, the first cryptocurrency exchange doing so, is considered a milestone for cryptocurrency on the […]

Over-leveraged trading causes major volatility in Bitcoin markets so when it gets flushed out, things can return to some semblance of normality.

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Bitcoin price on Sunday fell by nearly 10% reaching sub $54K levels and later recovered up to $57K on Monday before facing another wave of corrections leading to $54K levels again. While many analysts have pointed towards the recent sharp drop in network hashrate due to a power outage in China being the reason for

The post Bitcoin Faces Do Or Die Situation, Will Miners Save the Day for BTC? appeared first on Coingape.

Another steep correction has just made the entire crypto market drop by 8% and the reports on power outages in China along with the rumors of the US Government crackdown being the possible reasons for the crash as we can see more in our latest cryptocurrency news today. During the early Sunday hours, Bitcoin dropped […]