Libra Testnet Surpasses 50,000 Transactions Since September Launch

1h
cryptocurrencynews

Make No Mistake, Crypto is Still Hated by Beijing Despite Bullish...

1h
newsbtc

Kanye West & Kim Kardashian Are Gunning for the White House in 2024

1h
cryptonewmedia

China’s Mobile Payments Show ‘Why Bitcoin Will Succeed’

1h
beincrypto

Crypto Markets Continue to Drop, Bitcoin Briefly Slips Below $8,200

1h
cointelegraph

The Commodity/Cryptocurrency Evolution is Upon Us

2h
bitcoinwarrior

Ethereum (ETH) Likely To Enter A New Bear Trend Against Bitcoin (BTC)

2h
cryptodaily

Spanish Financial Watchdog Warns Against Unregulated ICO Scheme

2h
cointelegraph

Biggest Bitcoin Mempool Since January 2018 Cleared in Only 2 Days

2h
bitcoinnews

Udi Wertheimer: TRON Will Soon Overpower Ethereum

2h
livebitcoinnews

Bitcoin Futures Options: Movement and market impact in 2020

2h
bitcoinwarrior

Venezuela's Petro Has Over 27,000 ‘Affiliated Businesses’, Nicolas Maduro Claims

2h
cryptoglobe

Best Bitcoin Debit Cards – Complete Guide for 2019

2h
bitcoinwarrior

Bitcoin vs Ripple: Who will stand the test of time?

3h
bitcoinwarrior

LocalEthereum Shifts Focus to Additional Currencies Under the LocalCryptos Banner

3h
nulltx

Bitcoin adoption in these industries would boost 2020

3h
bitcoinwarrior

LocalBitcoins enters Finland under FSA KYC policy

3h
bitcoinwarrior

Analysts: Bitcoin to Target Lower-$8,000 Region Before Next Rally...

3h
newsbtc

XRP Fails To Rally As Ripple Scores Another Huge Remittance Deal; What’s Next For XRP Price?

3h
zycrypto

Researcher Breaks Grin’s ‘Privacy’ Spending Just $60 Per Week

3h
cointelegraph

Bitcoin Ban via Executive Order Increasingly Unlikely

3h
beincrypto

Bitcoin Magazine: Mati Greenspan on The Motion in Bitcoin Markets

3h
letstalkbitcoin

DEX trading protocol Leverj releases major update

3h
cryptonewmedia

Bitcoin Gold Is an Example of a “Good” BTC Fork

4h
livebitcoinnews

RSK Joins Forces With Singapore’s Blockchain Accelerator

4h
cryptodaily


Bitcoin Drops 2.92%, Now Back to Testing $8,000 Price Level

coininsider

1mon ago

Bitcoin is down about 2.92% from the previous day, putting its price at $8,034.5 US dollars at the time of this writing. Yesterday’s down day is a reversal of the day before it. In terms of trend, though, note that the current price is now 1.89% below its 20-day moving average, and is currently in a downtrend over the past 14 days. On the other hand, if you are a rangebound trader seeking a range for Bitcoin to bounce between, you might find a lower boundary at $7,789.27 USD and an upper boundary at $8,589.39 USD. Its market capitalization currently is estimated to be around $143.89 billion US dollars, while it’s market dominance (percent of total crypto market) is estimated to be 66.25%. Bitcoin’s dominance has been trending down gradually, averaging a decline of -0.07% each day over the past two weeks. A decline in dominance may suggest the case for altcoins is getting stronger, and thus multiple cryptocurrencies may end up succeeding.

Want to trade Bitcoin? Consider the following brokers: CoinDirect, Gate, Yobit, Stex, Binance, DDEX

341,464 transactions were recorded on the Bitcoin blockchain yesterday. Daily transactions recorded on the Bitcoin blockchain grown by approximately 3.27% this past week, though it should be noted the trend is not clear at this time. Ultimately, if the currency does repeatedly succeed in growing transactions on its chain, its primary utility may be as money for buying certain goods/services. Yesterday, Bitcoin’s average fee per transaction came in at $0.48. The average transaction fee has been falling at a rate of about 16.66% per week, but the average amount of money sent in transactions, in US dollars, is down 13.95% week over week. Bitcoin’s transaction fee and average transaction value are both declining, though that is likely to change if Bitcoin’s price sustains a stronger rally going forward. In terms of how much computing power Bitcoin is using, over the past 30 days its hash rate has continued to trend upwards, ultimately rising daily by approximately 0.36%. Ultimately, the security of Bitcoin is improving, because the hash rate trend is upwards — which implies the trend in mining strength is now more computationally difficult. This may help Bitcoin attract more high-value transactions.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments