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Day: March 22, 2023

Bitcoin Network Preps for Another Difficulty Spike as Hashrate Remains Strong and Miners Profit Amid Price Surge

Bitcoin Network Preps for Another Difficulty Spike as Hashrate Remains Strong and Miners Profit Amid Price Surge

On March 24, 2023, Bitcoin’s difficulty is anticipated to increase once more following two consecutive increases. The network’s hashrate remains above the 300 exahash per second (EH/s) range, and the estimated difficulty change for Friday, March 24, is anticipated to be between 2.51% and 5.7% higher than the current 43.55 trillion. With 97.22 EH/s, or 30.31% of the global hashrate, Foundry USA is currently the leading bitcoin mining pool. Foundry, Antpool, F2pool, Binance Pool, and Viabtc are the top five bitcoin mining pools, controlling 84.52% of the market. News Sorce

Biggest Movers: XRP Hits 2-Month High, Despite Crypto Consolidation

Biggest Movers: XRP Hits 2-Month High, Despite Crypto Consolidation

On March 21, XRP, formerly known as ripple, climbed to a two-month high in spite of crypto markets consolidating. Cardano prices increased by as much as 3% today, putting it in the black as well. The intraday high for XRP/USD was $0.4283, breaking through a significant resistance level. Additionally, the RSI crossed its own upper limit and is currently tracking at 65.76, which is above a point of resistance at the 57.00 level. News Sorce

Why is Bitcoin rising amid collapsing banks? Watch The Market Report

Why is Bitcoin rising amid collapsing banks? Watch The Market Report

The resident expert at Cointelegraph, Marcel Pechman, explains why Bitcoin is on the rise and why banks are failing. As part of an “emergency ordinance” to stop the instability of the financial markets, UBS Group agreed to purchase Credit Suisse for $3.25 billion. With investors taking refuge in short-term Treasury securities, Bitcoin’s chances of rising to $30K are decreasing. Pechman explains why Bitcoin may not reach $30,000 anytime soon. News Sorce