Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Market Analysts Explain Why This Correction Is Good For Bitcoin

The recent bitcoin correction down from its all-time high has had the market in a panic in the past week. However, not everyone has seen it as a bad omen. The digital asset’s price had gone down below $60,000 causing investors to believe the bear market had arrived. Mostly, small-time investors had been hit the most by panic as sell-offs happened through the space. Nevertheless, the correction was bound to happen following the incredible run that bitcoin had. Market corrections are always normal and expected after a bull rally but market analysts have pointed out that this particular correction could have some positive implications for the digital asset going forward. Related Reading | Bitcoin Whale Wallet Containing 1,299 BTC Activates After Eight Years Be Grateful For The Slump Analysts at BOOX Research recently released their analysis of the market and shared thoughts surrounding current market conditions. The analysts explained that the correction was good for the digital asset. This type of slump is important for a “healthy” market and bulls should be grateful for it, the analysts said. The recent sell-off has not been bad for the market and although bears believe that bitcoin had already seen its top, this is not true. BOOX Research analysts further explained that the market is nowhere near the “crypto winter” despite its 20% downward retracement. Further stating that the fact that the digital asset had held above $50,000, which is an important psychological level for bitcoin, shows that it is still going strong. BTC dip continues | Source: BTCUSD on TradingView.com The analysts pointed out that a major pullback would have been witnessed if the price had broken below $50,000, leading to a $30,000 retest. However, it would take something impactful, like an “unforeseen major regulatory setback” for the asset to break below this level. Bitcoin Headed For $100,000 Analysts at BOOX Research have echoed a widely held prediction in the crypto space. That is, bitcoin at $100,000. The analysts put the digital asset at this price point in 2022 but not without a bit of a hurdle. In their report, they state that the digital asset would have to first break above $60,000, which would set it up for an all-time high retest. Additionally, the asset is expected to accelerate towards $75,000 until it touches $100,000 next year. “Bitcoin has made several key pivots around $50,000 going back to February of this year. We expect the bulls to put up a strong fight and hold that line if it gets down there, which could be a good spot to add to positions.” Related Reading | JPMorgan Lists Ethereum As A Better Investment Than Bitcoin For the pioneer digital asset, the pullback has done for good for it. Prices have stabilized somewhat – as stable as they can be for the highly volatile crypto market – setting the asset up for another bounce above $60,000. Bitcoin had recovered back up to $59,000 on Thursday and indicators point to a continuation of the bull rally. Featured image from Republic World, chart from TradingView.com

What’s preventing ravencoin from achieving mainstream adoption?

submitted by /u/Old_Substance863 [link] [comments]

Decentralized but needs ISP?

Alright so I’m generally a noob in the crypto space but i’ve been hearing this word decentralized a-lot and this question has been killing me. If you require your ISP to access the internet can we really call things truly decentralized? I feel as if thing get out of hand and government wants to block…
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Does any know a trustworthy place where it is possible to buy some Ethereum for 1 Canadian Dollar?

Litterally all I want to do is buy my mom & dad some Ethereum for 1 Canadian Dollar to give them as a 25 anniversarry present. submitted by /u/ginodom449 [link] [comments]

Proposal: Near 0 gas fees for high-community-value-contracts (e.g. L2 bridges) through independent auction

High-community-value-contracts through independent auction There are 4M L1 accounts with more than 0.1 Eth, and with current gas fees, it's not possible to use ethereum. Many are frozen indefinitely. We could have a list of l2 bridges (and other high-community-value-contracts) and allocate up to a part of ethereum transaction capabilities to those contracts, so a…
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I made a $811,860,000,000 market cap crypto worth $3,866 per coin and of the 210 billion minted I own 21 million, all it cost me a couple hours of time.

This is just a bit of a warning on buying coins that look great. I basically made a coin like the squid game coin as it looks great but I can only sell a very small amount at a time. ​ This is the token page on viperswap So if you head on over to…
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Ethereum – ETH $ETH – Market Update #ethereum #eth #ethe #bitcoin #btc #…

submitted by /u/WinterAd1103 [link] [comments]

Mining with R9 Fury

I was going to put my old 5700xt and R9 Fury to work mining. The 5700xt isn't bad but the R9 just looks like a waste of time according to whattomine. Just looking for people to confirm this or other ideas on how it might be useful. submitted by /u/Renrut23 [link] [comments]

Metaverse

I've been doing a little research about different metaverse cryptos, and ive got a few obvious ones like $SAND and $MANA , but are there any other cryptos that people believe will have good gains within the next calendar year? submitted by /u/Apprehensive_Air_807 [link] [comments]

OKEx shared insights on trading, regulation, DeFi and more during recent Markets Pro AMA

Among many features, OKEx staff demonstrated how users could automate their trading process with no required coding knowledge on the namesake platform.