Bitcoin was instantly impacted by the Federal Reserve’s interest rate hike on Wednesday and failed to gain traction. Other cryptocurrencies, such as Ethereum also saw to a decrease in value among the world’s leading cryptocurrencies. Following the statement by the US Federal Reserve, Bitcoin lost its grip on the important $19,000 mark. According to Coingecko […]
Tag: BTC
September 23, 2022
September 22, 2022
Bitcoin Mining Now More Difficult Making it Mostly Non-Profitable
The biggest proof-of-work cryptocurrency in the world is now significantly more difficult to mine. According to BTC.com, the Bitcoin mining difficulty jumped by nearly 10% in the last two weeks, making current BTC mining one of the hardest it has ever been. According to the website’s analysis, the network’s mining difficulty has reached 30.97 trillion, […]
September 13, 2022
Bitcoin Price Dips After August’s Inflation Data Release
Tuesday saw a decline in the price of bitcoin as statistics revealed that U.S. inflation increased more than expected in August as the report indicated a 0.1% month-over-month increase in overall inflation. Despite gas prices hitting multi-month lows and the property market slowing, core inflation increased by 0.6% month over month and is currently at […]
