#BTC

Last weekend the Bitcoin network hashrate has dropped more than 49%, after hitting an all-time high at 218 exahash per second, reaching 169 EH/s. Immediately after that, regional reporter Colin Wu tweeted about power outages in China. “The hashrate of Bitcoin mining pools plummeted in 24 hours. Antpool fell by 24.5%, Btc.com fell by 18.9%, Poolin fell by 33%, Binance pool fell by 20%,” he said. “The reason is that Northwest China is undergoing a complete blackout for safety inspections.”

On Monday Visa announced that it now makes payments in the USDC (USD Coin) on the Ethereum blockchain. As appeared, Visa is now considered as the first major payments network with Stablecoin as a settlement currency, though previously settling payments in fiat currencies only.

During an interview on CNBC’s “Squawk Box” Anthony Scaramucci compared Bitcoin’s future to Amazon shares. “Bitcoin is 12 years old. Amazon shares had a 64x return on your money from 2009 to 2021 after the 12th year,” Scaramucci said, noting that nobody expected Amazon shares to soar up in the next dozen years. They have actually surged more than 3,600% from the company’s IPO in May 1997 to May 2009.

March has become a profitable month for miners. According to data collected by The Block Research, they have earned more than $1.5 billion in March. This is an impressive number and the highest income earned by the mining sector in just one month. The record high in March surpasses February when miners earned $1.36 billion in this sector. New performance numbers show that miners have over $1 billion for each of the three months in a row!

It seems that the new preferred store of value appears in the financial arena. As the price of Bitcoin is getting closer to $59,000, its value in relation to gold is approaching new all-time highs! Measured against gold, the price of Bitcoin recently reached 34.94 ounces. It has more than doubled in the past three months and nearly sevenfold since October 2020.

The traditional financial landscape has drastically changed so far and a growing number of institutional investors are flocking to Bitcoin. Some of them like the stock market bulls are cooperatively purchasing the largest amount of BTC assets.

Despite the recent fluctuations in the Bitcoin rate, its position in the market remains strong and allows us to make positive forecasts. In particular, it can be expected that in the nearest future people will hold Bitcoin instead of investing in stocks, bonds, or real estate.

Bitcoin has come a long way since its inception in 2009 and now we can see the latest sign of its adoption on Wall Street. Institutional banking powerhouse Morgan Stanley will give accredited wealth management clients access to BTC investing. It will be the first big U.S. bank to make such an offer.

The big news in the cryptocurrency world! The world's first Bitcoin exchange-traded fund is off to a hot start. Missed that info? Well, just keep reading.

Bitcoin has surged over the last few months and is breaking new records. Experts predict the future of cryptocurrency, and global companies continue to invest more in BTC. The question is, will it continue to rise, and should you start the race for Bitcoins now?

Le "Right Place & Right Time" de Matt Kane, une œuvre d'art numérique NFT qui change tous les jours avec la fluctuation du prix des bitcoins, a été vendu pour plus de 100 000 dollars américains. L'œuvre d'art représente une image du logo de bitcoin conçue de manière créative. Il s'agit d'une pièce unique programmable qui génère une nouvelle image tous les jours. Composée de 24 couches synchronisées avec la fluctuation du prix du bitcoin des 24 heures précédentes, elle a été créée sur Async Art. La plateforme permet de créer, de collectionner et de vendre de "l'art programmable". Les œuvres numériques diffèrent des peintures statiques, elles se divisent en couches et toute personne qui achète une couche via la chaîne de blocs peut influencer sa conception. Ainsi, vous ne faites pas qu'investir, vous participez aussi à la démarche artistique. Matt Kane a déjà annoncé qu'il lancerait régulièrement d'autres œuvres d'art numériques pour attirer l'attention des investisseurs et des amateurs d'art sur cette nouvelle forme d'investissement.

En 2020, le Bitcoin semble avoir acquis le statut d'or numérique. Cette tendance est confortée par les fluctuations de prix et les corrélations sur le marché des contrats à terme. Les données de Coin Metrics indiquent que la corrélation entre le BTC et l'or ne cesse de progresser depuis le début de juillet. Elle se situe aujourd'hui à un niveau record au dessus de 0,5. La sensibilité de la cryptomonnaie face aux risques liés au marché des actifs, notamment les actions, pourrait baisser. De plus, le hashrate du Bitcoin a atteint de nouveaux sommets, se rapprochant des 150 exahashes par seconde. Pas mal, non ?

Pensez-vous que les cryptomonnaies sont uniquement bonnes comme combine pour s'enrichir rapidement ? Continuez votre lecture et vous saurez qu’elles pourraient bien être une solution à long terme.