Crypto Today: Bitcoin hashrate hits all-time high as BTC, Ether and XRP hover near support
Source Fxstreet
- Bitcoin’s hashrate hit a new all-time high on Sunday.
- Bitcoin and Ethereum hover around support at $56,486 and $2,383 on Monday, respectively.
- XRP trades at $0.5325, up slightly on the day.
Bitcoin, Ethereum and XRP updates
- Bitcoin’s hashrate, or the difficulty of mining BTC, hit an all-time high of 827.68 EH/s on Sunday, according to data fromCoinwarz. . BTC trades at $56,486 at the time of writing.
- Typically, a high hashrate signals investor confidence in the asset.
- Ethereum trades at $2,383. The altcoin struggles with selling pressure as wallets related to founder Vitalik Buterin continue to send Ether to exchanges, on-chain data shows.
According to Spot On Chain, the multi-signature address marked by Arkham as controlled by Vitalik's wallet: 0xfE…03B2 has been selling ETH since receiving 3,800 ETH (about $9.99m) from Vitalik's related wallets on August 9 and 30. Currently, 760 ETH has been sold for 1.835…
— Wu Blockchain (@WuBlockchain) September 9, 2024
- XRP trades at $0.5325, under the key resistance level of $0.5500. The native token of the XRPLedger gains slightly on Monday.
Chart of the day: FANTOM
FTM/USDT daily chart
Fantom’s native token FTM is one of the best-performing tokens on Monday, up more than 7% at $0.4461 at the time of writing. The token has registered three consecutive sessions in the green, and it could extend gains by another 14.60% if it rallies to the lower boundary of the Fair Value Gap (FVG) at $0.5130.
The Moving Average Convergence Divergence (MACD) indicator flashes a key buy signal as the MACD line is set to cross above the signal line. This cross, alongside the emergence of green histogram bars above the neutral line, are a sign of underlying positive momentum.
Market updates
- A subsidiary of Japan’s largest electricity company, Tokyo Electric Power Co (TEPCO), plans to use renewable energy to mine Bitcoin, according to a report from local newspaper The Asahi Shimbun.
- CoinShares’ latest report shows that global crypto investment products recorded outflows of $726 million last week. Bitcoin ETFs have noted consistent outflows, signaling either a decline in institutional investor interest or a shift in sentiment, amidst the macroeconomic developments this week.
- DRiP, an NFT drop platform on Solana, raised $8 million in seed funding from investors, including TikTok executives.
Industry updates
- Binance announced on Sunday that its subsidiary Tokocrupto obtained a physical crypto asset dealer license issued by Indonesia’s Commodity Futures Trading Regulatory Authority. The exchange is now the third largest to obtain such a license in the country.
- None of the 12 Bitcoin Spot ETFs registered net inflows last week, according to data from Farside Investors.
- Friend.Tech, the web3 social network platform that gained massive popularity among crypto market participants in 2023 and early 2024, has renounced control of the smart contracts, per an official announcement on X.
- The team informed the community that no fees from the contracts or the website goes to developers. Meaning the developer team did not take profits from Friend.Tech’s smart contracts or websites and while they shutter the project to move on, no one else can make changes to its function, or fees, essentially ensuring it stays the same for users.
Admin and ownership parameters have been set to 0x000...000 to prevent any changes to their fees or functionality in the future.
— friend.tech (@friendtech) September 8, 2024
This change does not affect the separate web client operated at https://t.co/YOHabcBL3H which will continue to function as is. No fees from either…
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Dollar presses 102 as the 10-year yield sits at 5.14% — and October hike odds are only 17%The dollar index closed at 101.99 (+0.20%) on Monday after briefly topping 102.07, while the 10-year Treasury yield rose to 5.14% and the 2-year hit 4.774% — yet futures price only about a 17% chance of a hike at the October 27-28 FOMC, versus roughly 90% for December. The driver is a global bond selloff, not a Fed repricing: France's 10-year OAT jumped to 4.84% ~ 4.94% and the OAT-Bund spread widened to 140 ~ 146bp. Here are the levels, the cross-asset read-through and what to watch.
The dollar index closed at 101.99 (+0.20%) on Monday after briefly topping 102.07, while the 10-year Treasury yield rose to 5.14% and the 2-year hit 4.774% — yet futures price only about a 17% chance of a hike at the October 27-28 FOMC, versus roughly 90% for December. The driver is a global bond selloff, not a Fed repricing: France's 10-year OAT jumped to 4.84% ~ 4.94% and the OAT-Bund spread widened to 140 ~ 146bp. Here are the levels, the cross-asset read-through and what to watch.
Tesla (TSLA) will report its third-quarter 2026 financial results after the U.S. stock market close on October 21, Eastern Time, and host an earnings conference call at 17:30 that day. Th
The Dow gained 500 points and the two AI names that matter fell after hours — Netflix's guide is the tellThe Dow closed 529.85 points higher at 52,495.88 (+1.02%) and the VIX fell 6.13% to 17.31, but the two stocks that carry the AI trade moved the other way after Tuesday's close: Netflix slipped to $64.74 (-5.8%) after guiding Q4 EPS of $0.67, below the street, while SpaceX jumped about 8% to near $160 on its first profit as a public company and revenue up 161%. Netflix is now below its 52-week low of $65.08. Here are the numbers, the $65 / $70 levels and the two catalysts that matter this week.
The Dow closed 529.85 points higher at 52,495.88 (+1.02%) and the VIX fell 6.13% to 17.31, but the two stocks that carry the AI trade moved the other way after Tuesday's close: Netflix slipped to $64.74 (-5.8%) after guiding Q4 EPS of $0.67, below the street, while SpaceX jumped about 8% to near $160 on its first profit as a public company and revenue up 161%. Netflix is now below its 52-week low of $65.08. Here are the numbers, the $65 / $70 levels and the two catalysts that matter this week.
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 22, 2026. Read on for the details.
The Fed will sit still on October 28 — but 100 of 100 economists now expect a December hikeA Reuters poll run October 16-20 found 94 of 100 economists expecting the Fed to hold at 3.75-4.00% on October 28 — and all 100 expecting a hike in December, against less than half a month earlier. The market is close to the same price, with CME FedWatch at roughly 17% for October and 82.8% for December. With the Fed in blackout since October 17, here are the five dates that decide the rest of the year, what each one is priced for, and the two directions each can take.
A Reuters poll run October 16-20 found 94 of 100 economists expecting the Fed to hold at 3.75-4.00% on October 28 — and all 100 expecting a hike in December, against less than half a month earlier. The market is close to the same price, with CME FedWatch at roughly 17% for October and 82.8% for December. With the Fed in blackout since October 17, here are the five dates that decide the rest of the year, what each one is priced for, and the two directions each can take.
