The income of Bitcoin and Ethereum miners has decreased significantly over the past month. Obviously, the fall in prices in the digital currency market is the main reason for the decrease in the income of miners from Bitcoin and Ethereum mining sites. Additionally, for the first time in 14 months, the monthly earnings of Bitcoin miners have surpassed Ethereum.
Over the past 30 days, Bitcoin has recorded one of its worst monthly performances in history, and with current conditions, many analysts expect the downtrend to continue with a break of the $18,000 support.
Along with the decrease in hash rate and the activity of Bitcoin miners in the last two weeks, the daily electricity consumption of this digital currency's network has also reached its lowest level since the beginning of this year. An issue that shows the low acceptance of Bitcoin mining at current prices.
A Liquidity provider in UniSwap decentralized exchange lost 8 million dollars of founds after a phishing attack.
According to the latest predictions of Finder experts, Ethereum will reach $1,711 by the end of this year
Jordan Belfort, better known as the Wolf of Wall Street, argues that investors who buy Bitcoin now will profit. However, this is not the first time Belfort has commented on Bitcoin and its future. Belfort has previously admitted that his views on the coin have changed. Belfort's latest prediction was shared during a video interview with Yahoo Finance in late June.
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only
Electric car maker Tesla sold 75 percent of its bitcoin holdings in the second quarter, sparking speculation about how the investment will fare for the company. The sale is believed to have taken place at a price of around $29,000 per bitcoin, which is higher than the price seen over the course of three months.
Bitcoin is still struggling below $21,500. Ethereum faces resistance near $1,500, Ripple stabilizes below $0.335 Ethereum Classic and Monero perform best
The Federal Reserve raised interest rates by 0.75%, in line with what most analysts had expected. Bitcoin (BTC) and Ethereum (ETH) prices rose immediately after the announcement. An hour after the announcement, Bitcoin was up 4.5% at $22,590, while Ethereum was up 5.5% at $1,580. Stocks also rose, with the broader S&P 500 up 1 percent since the announcement and 2.2 percent on the day.
Tezos is still among the top 50 cryptocurrencies although it has slipped nearly 90% from its 2021 peak. Developers, however, are still developing blockchain:
Charles Hoskinson, director and founder of digital currency Carano, announced that the upgrade of Vasil Cardano has no quality problems.