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Bitcoin stability and slight decline of most cryptocurrency

2019-03-21 02:51 pm | Resource: News | No Views : 22

Bitcoin stability and slight decline of most cryptocurrency cryptocurrency Trading divergence While Bitcoin recorded stability above $ 4000, most of the cryptocurrency declined during Thursday's trading

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  • Bitcoin stabilized 0.15% to $ 4098.5 by 16:20 CET.
  • Ethereum  dropped 1.36% to $ 139.75.
  • XRP fell 0.52% to trade at $ 0.31232.
  • Litecoin fell 1.71% to $ 58,601.
  • Bitcoin Cash   lost 4.14% to trade at $ 151.62.

Bitcoin segmentation rate is up to a three-month high

Bitcoin has now reached its highest level since the beginning of the year amid growing optimism about the fate of the broader cryptocurrency market in 2019. While the retail rate continues to rise, mining difficulty remains fairly stable but with miner earnings rising slightly. At the same time, Nvidia says it expects the massive demand for cryptocurrency mining to come back and is confident of meeting its revenue targets this year.

Data from Blockchain.com shows that Bitcoin's network fragmentation rate has risen to a new high in three months. At present, the number of tera-secrete (TH / s) fragments on the network is 45.5 million t / s.

This figure is the highest number recorded on the Bitcoin network since mid-February 2017. The increasing increase has represented a significant boom in blockchain mining activity given the recent price gains of BTC to move above the $ 4000 mark.

Even with this increase in retail rate, the network is still a few million times its highest recorded rate over a 7-day period of 54.8 million TH / s. However, the current growth is deep given the significant drop it suffered in December after the price collapse in mid-November which saw the BTC price drop from $ 6,000 to $ 3,000.

At that time, many mining workers were forced to close their operations, resulting in a 35 per cent reduction in the network fragmentation rate. At the landing base, the Bitcoin segmentation rate dropped to 35 millionths / s - its lowest since mid-2018.

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