Decline

The post Bitcoin Miners Under Pressure: Revenue Decline and Hashrate Drop Post-Halving appeared first on Coinpedia Fintech News Bitcoin miners face heightened pressure post-halving as revenue drops abruptly. It left them underpaid by the most since March 2020. The network experienced this year’s fourth negative difficulty adjustment, with a significant drop of -5.6% in hashrate. In fact, it is the largest since November 2022. The strain on miners is this decline highlights the strain on miners, aggravated by a reduction…

Amid turbulence surrounding the crypto market, popular founder and Chief Executive Officer (CEO) of Into The Cryptoverse Benjamin Cowen has taken the spotlight to shed his insights on the recent downtrend observed in the Ethereum/Bitcoin (ETH/BTC) pair. Cowen’s views examine the complex relationship between Ethereum and Bitcoin pricing and the potential for further downside risk. According to Benjamin Cowen, the ETH/BTC pair is currently on the downside, and the last 2 times that the pair declined, ETHUSD witnessed a steep…

Large holders saw a surge in activity, with a notable increase in netflow on May 1st, indicating potential market influence. Dogecoin’s recent activity surge includes a significant increase in trading volume, the creation of 28,000 new addresses  Dogecoin (DOGE) has recently captured headlines with its remarkable surge in price, showcasing its resilience. After hitting a record high of $0.23, the meme coin experienced a temporary setback, dropping to around $0.12 before swiftly rebounding. As of the latest update, DOGE is…

The post Crypto Hack Losses Hit Lowest Point Since 2021: What’s Behind the Decline? appeared first on Coinpedia Fintech News The cryptocurrency market, particularly in April 2024, reported a vast drop in hacking, exploits and scam losses, making it the lowest figure since 2021. As reported by the  Blockchain security platform CertiK, the total losses for the past month are estimated to be approximately $25.7 million, which indicates a decrease of 141% compared to the losses of the previous month.…

TL;DR Bitcoin (BTC) experienced another sharp decline, falling to a multi-month low of approximately $56,600. Shiba Inu (SHIB) saw its price fall by 13% over the week, despite advancements in its ecosystem and a significant increase in its token burn rate, aimed at reducing supply. Ripple’s XRP maintained relative stability in a turbulent market, with analysts predicting substantial future price increases based on strong technical signals. BTC Price Swings The cryptocurrency market flashed red in the past several days, with vitcoin…

Shiba Inu (SHIB) has tanked since the Bitcoin halving, defying the cyclic trend where altcoins spike following the halving as BTC investors seek better returns elsewhere. The Shiba Inu team attributes the dip to factors beyond the meme coin, such as the disappointing debut of the Hong Kong ETFs and policy and economic forecasts. Shiba Inu has been on a disappointing price run since the Bitcoin halving; in the past week, SHIB has lost close to 20% of its value.…

The post Filecoin & Stacks Holders Shift to DTX Exchange’s $470,000 Presale Amid Price Decline For 25x ROI  appeared first on Coinpedia Fintech News The crypto market is witnessing notable price declines due to macroeconomic activities, legal scrutiny of various deFi projects, and interest rates. Moreover, many investors have liquidized their assets after a short post-halving surge leading the altcoin industry to a bearish momentum.   Amid these trends, Stacks (STX) and Filecoin (FIL) show notable price declines on the chart…

The post Standard Chartered Forecasts Bitcoin Could Decline to $50,000 Amid Market Conditions appeared first on Coinpedia Fintech News Standard Chartered Bank predicts Bitcoin’s price, currently around $57,000, could drop to $50,000 as it breached the $60,000 threshold. The head of forex and digital assets research, Geoffrey Kendrick highlighted crypto-related concerns like U.S. ETF outflows and the heated response to the launches of Hong Kong ETF. Other influences include macro trends like U.S. liquidity decline and inflation data. Irrespective of…

The post Bitcoin’s Decline Puts 7Mn+ Addresses Out Of Money appeared first on Coinpedia Fintech News The latest data from IntoTheBlock shows a significant 7.97% drop in Bitcoin’s price, currently standing at $56,978. With this decline, the “In the Money” indicator reveals around 75% of addresses are still profitable. However, with 7.25 million addresses, almost 14% of total addresses are “Out of the Money,” caution prevails and underlines the growing bearish and volatile trend in Bitcoin as investors react to…