Bitcoin consolidated close to a key price floor of $26,300 on Thursday, as a downward death cross sent the cryptocurrency lower. Overall sentiment in the market remains lower, with the global cryptocurrency market cap falling by 1.58% as of writing. Ethereum also declined, after nearing a move above $1,900 on Wednesday.

Bitcoin

Bitcoin (BTC) consolidated during Thursday’s session, as market volatility remained high ahead of next week’s Federal Reserve interest rate decision.

BTC/USD slipped t

On Wednesday, Bitcoin reached a new milestone as its mining difficulty increased by 3.4% at block height 792,288, setting a fresh record. The difficulty level surpassed the 50 trillion mark for the first time in Bitcoin’s history, hitting an unparalleled 51.23 trillion.

Bitcoin Mining Difficulty Jumps 3.4% Higher

Data reveals that around 373 exahash per second (EH/s) of hashrate is committed to the Bitcoin blockchain, and the network’s hashpower has been consistently growing. For instance, on

Multiple reports have revealed that Binance, the crypto exchange with the highest trade volume, has announced the removal of 12 privacy-focused cryptocurrencies from its markets in Spain, France, Poland, and Italy. Commencing on June 26, 2023, users residing in these four countries will no longer have the option to purchase or trade these privacy coins on Binance’s trading platform.

Binance to Delist 12 Privacy Coins in Spain, France, Poland and Italy

Binance has recently informed its customer

Litecoin rose for a sixth consecutive session to start the week, as bullish sentiment returned to cryptocurrency markets. As of writing, the global market cap is up by as much as 2.50%. BNB was also in the green, hitting a 20-day high on Monday.

Litecoin (LTC)

Litecoin (LTC) was a notable mover on Monday, as the token climbed for a sixth consecutive session.

LTC/USD raced to a peak of $92.16 earlier in the day, which comes less than 24 hours after trading at a low of $89.10.

This move has le

Global cryptocurrency exchange Binance says it has created a new crypto trading platform for Japan residents that will be available this summer. The new exchange will fully comply with Japanese crypto regulations and will offer trading of a limited number of tokens initially, according to the exchange.

Binance Has Created New Crypto Trading Platform for Japan Users

Global cryptocurrency exchange Binance has announced that it is launching a local crypto trading platform for residents of Japan t

In the past 21 months following Ethereum’s London hard fork, the network has witnessed the destruction of over 3.33 million ether, valued at $6.1 billion. At present, roughly 3.51 ether is burned every single minute. Standing out as a prominent participant in the burn process since August 5, 2021, just below conventional ETH transfers, is the Opensea platform, which has contributed to the burning of 230,050 ETH.

More Than $6 Billion in Value Destroyed Since EIP-1559

Back on August 5, 2021, a s

The Dogecoin blockchain has witnessed a significant surge in transaction activity ever since the inception of DRC20 tokens. When compared to other prominent networks, Dogecoin has stood out with its substantial volume of processed transactions. Recent statistics reveal an unprecedented milestone reached on May 27, 2023, as the number of DOGE transactions soared to a record-breaking high of more than 2 million.

Dogecoin’s Transfer Activity Skyrockets, Hashrate Climbs More Than 38%

The leading m

One of Saturday’s biggest movers is XRP, which rose to a 30-day high earlier in today’s session. The token rose for a third consecutive day, as bulls returned to the market to start the weekend. Cardano was another notable gainer today.

XRP

XRP (formerly ripple), moved to a one-month high on Saturday, as bulls began to gradually renter the market.

Following a low of $0.4614 on Friday, XRP/USD raced to a peak of $0.4777 earlier in the day.

As a result of the surge, the token climbed to its hi

Bitcoin moved closer to the $27,000 level on Saturday, as markets continued to react to the latest Personal Consumption data from the United States. The key inflation index rose to 4.4% in April, higher than expectations of a drop to 3.9%. Ethereum also edged higher.

Bitcoin

Bitcoin (BTC) rallied towards $27,000 to start the weekend, as prices reacted to the latest Personal Consumption data in the United States.

BTC/USD climbed to a peak of $26,916.67 earlier in today’s session, which came a

Despite an upswing in mining difficulty on May 18, current data projects Bitcoin’s mining difficulty to see a further escalation on May 31, 2023—potentially jumping between 1.1% and 2.51%.

Bitcoin’s Difficulty Nears 50 Trillion Milestone

Bitcoin’s mining difficulty, already at an unprecedented level of 49.55 trillion, seems poised to breach the 50 trillion threshold within five days. Although the process of mining bitcoin (BTC) has become increasingly challenging, the hashrate has maintained a

Polygon climbed to a multi-week high on Friday, as bearish sentiment in cryptocurrency markets began to fade. The global crypto market marginally rose during today’s session, following yesterday’s downturn. XRP was another notable gainer.

Polygon (MATIC)

Polygon (MATIC) was one of Friday’s big movers, as the token rose to a multi-week high during the day.

Following a low of $0.8802 on Thursday, MATIC/USD hit an intraday high of $0.9514 during today’s session.

As a result of the move, polygon

Ethereum was once again trading above the $1,800 level, after a brief breakout during Thursday’s session. Prices rose by as much as 2%, as optimism grew that the U.S. debt ceiling could be increased. Bitcoin also marginally climbed, moving away from yesterday’s two-week low.

Bitcoin

Bitcoin (BTC) rose slightly higher on Friday, as prices moved away from a recent two-week low.

Following a low of $25,890.59 on Thursday, BTC/USD rose to a peak at $26,591.52 earlier in the day.

The move saw bitc

Litecoin was a notable mover on Wednesday, as the token dropped by as much as 6% in today’s session. The decline came as a red wave swept through the crypto market, leading to the global cap falling by 2% at the time of writing. Dogecoin also dropped, hitting a two-week low.

Litecoin (LTC)

Litecoin (LTC) was one of Wednesday’s biggest movers, as the token fell by as much as 6% in today’s session.

LTC/USD dropped to a bottom of $85.87 earlier in the day, less than 24 hours after hitting a high

In the past month, recent data reveals that sales of non-fungible tokens (NFTs) originating from the Bitcoin blockchain have surged to $173.28 million. Surpassing 20 alternative blockchain networks, Bitcoin-based NFT sales now secure the second position in the realm of blockchain sales, with only Ethereum reigning supreme.

Bitcoin-Based NFTs Storm the Market, Surpassing 20 Blockchain Competitors

Amidst the fervor surrounding the Ordinal inscription trend, Bitcoin-based NFTs have skyrocketed in

Bitcoin was once again trading below a key resistance level of $27,000 on Wednesday, ahead of today’s U.S. Federal Open Market Committee (FOMC) minutes report. Markets are expecting that the minutes will show the Federal Reserve’s timeline towards a policy pivot. Ethereum was 2% lower today.

Bitcoin

Bitcoin (BTC) moved below $27,000 on Wednesday, as markets begin to prepare for the release of the upcoming FOMC minutes report.

Following a high of $27,386.99 on Tuesday, BTC/USD dropped to a low

Shiba Inu climbed to a two-week high on Tuesday, as bullish sentiment returned to cryptocurrency markets. The meme coin rose by as much as 2% in today’s session, as the global crypto market cap surged by the same amount. BNB was another notable gainer today.

Shiba Inu (SHIB)

Shiba inu (SHIB) rose to a multi-week high in today’s session, as bullish sentiment returned to cryptocurrency markets.

Following a low of $0.000008759 to start the week, SHIB/USD jumped to a peak of $0.000009067 earlier

Bitcoin Pizza Day, celebrated on May 22nd, is a global event cherished by the crypto community. Let's dive into the story behind this special day.

Back in 2010, when Bitcoin was still in its early stages, Laszlo Hanyecz made a groundbreaking decision. He exchanged a whopping 10,000 Bitcoins for two pizzas from Papa John's, marking the first-ever real-world purchase using cryptocurrency. Little did he know that this act would go down in history as a pivotal moment for Bitcoin.

Since that mo

Non-fungible token (NFT) sales witnessed a minor rise last week, registering a humble increase of around 1.46% compared to the preceding week. The cumulative value of NFT sales amounted to $149.31 million from April 29 to May 6, 2023. Nevertheless, the most recent week exceeded anticipations, as sales skyrocketed by 31.22%. Throughout the seven-day interval, NFT sales attained $208.17 million. The substantial rise in this week’s NFT sales can be credited to the appearance of NFTs originating fro

Despite not being mainstream payment solutions yet, cryptocurrency-based payments (also known as Web3 payments) already bring benefits such as lower transaction fees, Robert Miller, the vice president of growth at Fuse, a layer 1, EVM-compatible blockchain for launching dapps, has asserted. For merchants, Web3 payments come with the added benefit of what Miller called protection from “fraudulent chargebacks.”

Crypto Payments Trump Traditional Payment Methods

To back his assertions, Miller clai

On May 7, 2023, the Bitcoin network was plagued with an overwhelming 500,000 unconfirmed transactions, causing a major bottleneck in the system. However, the good news is that the congestion has been clearing, resulting in a significant reduction in onchain fees, which have now dropped below $5. As of now, there are only slightly over 300,000 unconfirmed transactions awaiting confirmation, and 185 blocks need to be mined to clear the backlog.

Bitcoin Backlog Begins to Gradually Subside

Bitcoin