#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?

A obra "Right Place & Right Time", de Matt Kane, uma obra de arte digital NFT, foi vendida por mais de US$ 100.000. A obra de arte representa uma imagem criativamente desenhada de um logotipo de bitcoin. É uma obra programável única que gera uma imagem nova a cada dia. Feita de 24 camadas sincronizadas com a volatilidade do preço do bitcoin das últimas 24 horas, ela foi criada no Async Art.

Parece que o Bitcoin tornou-se o ouro digital de 2020. Tal afirmação pode ser feita com base nas tendências e correlações no mercado de futuros. Segundo os dados do Coin Metrics, a correlação positiva entre o BTC e o ouro tem aumentado desde o início de julho e está agora em um nível recorde, acima de 0,5. A susceptibilidade da criptomoeda aos movimentos dos ativos de risco, principalmente ações, pode diminuir. Além disso, o hashrate do Bitcoin tem batido recordes, aproximando-se dos 150 exahashes por segundo. Nada mau, não é?

Você acha que as criptomoedas são um ativo que só funciona no esquema de ficar rico rápido? Continue lendo e você saberá que esse pode ser um jogo de longo prazo.