Author: Sollcrypto

Bitcoin mining difficulty hit a new all-time high of 92.67 trillion on September 11, marking a 3.04% increase in the last 24 hours. This rise underscores the intensifying competition among miners. The mining difficulty measures how challenging it is to find a valid hash for the next block, with higher difficulty requiring more computing power. The continued increase reflects the growing hash rate and adoption of Bitcoin, signaling strong network security and decentralization. This surge in difficulty highlights the relentless demand for Bitcoin block rewards, despite challenging market conditions. The Bitcoin protocol adjusts difficulty to maintain a block production rate…

Toncoin (TON) has maintained its position above the $5 mark after a broader market bounce, signaling potential confidence in the cryptocurrency’s ability to continue its upward momentum. However, despite this resilience, BeInCrypto reports that many traders are increasingly taking short positions, suggesting growing uncertainty. On-chain data indicates that these bearish traders may soon be forced to exit their trades. Here’s why.**Toncoin Traders Turn Bearish**On Monday, September 9, Toncoin’s Long/Short ratio initially rose to 1.15, indicating that most derivatives traders were opening long positions, expecting a price increase. However, the ratio has since dropped to 0.36, revealing that about 73% of…

Currently, Bitcoin is trading below key resistance levels, with many investors eyeing the $60,000 mark as the next major target. However, for Bitcoin to reach this milestone, three key factors need to align perfectly.**High-Leverage Short Orders**One of the primary drivers that could propel Bitcoin’s price higher is the liquidation of high-leverage short positions. As Bitcoin approaches higher price levels, a short squeeze occurs when traders are forced to close their leveraged positions, driving the price up further. Binance heatmap data shows significant leverage between $58,000 and $60,000, indicating that liquidations at these levels could push Bitcoin to new highs. **Institutional…

Ethereum (ETH) has slipped to the $2,200 range, a level last seen in late January, amid market uncertainty and key developments. Recently, Ethereum co-founder Vitalik Buterin sold $1.835 million worth of ETH, and the Ethereum Foundation allocated 3,000 ETH to Kelp for liquidity, sparking concerns about ETH’s short-term outlook.**Ethereum’s Recent Market Challenges**Ethereum has struggled to maintain its momentum in recent weeks, facing market pressures from the launch of a new decentralized exchange, Ethervista, and Ripple’s integration of Ethereum smart contracts into the XRP Ledger.Despite the dip, Ethereum briefly rebounded to $2,305 but remains under pressure. Over the past week, ETH…

Recent data shows that Bitcoin Exchange-Traded Funds (ETFs) have seen a significant decline in total assets, dropping to $46 billion. This marks a sharp decrease from the peak of $62.55 billion reached in early June. The rapid asset reduction has sparked debate about the effectiveness of Bitcoin ETFs and whether they are meeting market expectations. Analysts and financial commentators are now discussing the implications of this downturn.**ETF Analysts Weigh In**Eric Balchunas, a senior ETF analyst, offered his take on the recent asset decline, adding a humorous twist in his response to the news. He acknowledged the dip but downplayed its…

New Crypto Project Living The Dream (LTD) Burns 250 Million SHIB in Single Transaction Living The Dream (LTD), a new crypto project, has made a significant contribution to the Shiba Inu burn campaign by incinerating 250 million SHIB tokens in one transaction. Shibburn, the popular community-driven burn tracker, indexed the transaction yesterday, highlighting that 250 million SHIB were sent to the official dead wallet. According to Shibburn data, the transaction occurred at 14:55 (UTC) yesterday, with the value of the burned SHIB tokens estimated at around $3,232 at the time of writing. LTD Burns 250M SHIB While Shibburn did not…

**US ETFs Record Massive Outflows as Market Caution Persists**On September 6, the U.S. exchange-traded fund (ETF) market saw significant outflows once again. According to Spot On Chain, a leading on-chain analytics provider, Bitcoin ETFs experienced $170M in outflows, while Ethereum ETFs recorded $6M in withdrawals. The analytics platform shared these insights on its official X account, highlighting the current state of the ETF market.🚨 US #ETF 06 SEP: 🔴$170M out of $BTC and 🔴$6M out of $ETH🌟 **BTC ETF UPDATE (final):** -$170M- No inflows were recorded for U.S. Bitcoin ETFs for the second consecutive day.- Total weekly outflow stands at…

Key Highlights In a bearish market environment where most cryptocurrencies have faced significant declines, Solana (SOL) stands out with a potential buy signal. On September 6, 2024, a well-known crypto expert posted on X (formerly Twitter) that the TD Sequential, a technical indicator, has issued a buy signal for SOL on the daily timeframe. Solana (SOL) Price Prediction The expert also highlighted that since April 2024, Solana has been trading within a parallel channel pattern and is currently at its lower boundary. Given the historical price trends, there’s a strong possibility that SOL’s price could rally to $154 and $187…

**Fractal Bitcoin to Debut Sidechain with Innovative Cadence Mining Mechanism on September 9**Fractal Bitcoin, a Bitcoin sidechain developed by the Unisat wallet team, is set to launch on September 9, introducing a novel mining technique called “Cadence Mining.” This method allows Bitcoin miners to merge-mine with Fractal Bitcoin every three blocks, offering a new approach to merged mining and tokenomics within the ecosystem.**Fractal Bitcoin Set to Launch in 3 Days**As the launch date nears, interest in Fractal Bitcoin has been growing. The project leverages Bitcoin’s core infrastructure to scale through recursive virtualization, enhancing the security and consistency of its multi-layer…

“The price of DOGS has been catching the eye of the crypto community, prompting questions about its potential for further gains. In this article, we’ll delve into the factors that could impact DOGS’ price and examine recent trends.**Recent Price Movement of DOGS: How Has It Performed?**” “The current price of DOGS is $0.001093, with a 24-hour trading volume of $1.45 billion. It has a market capitalization of $564.89 million, representing a market dominance of 0.03%. Over the past 24 hours, DOGS has increased by 8.75%. DOGS reached an all-time high of $0.001647 on September 5, 2024, and its lowest price…