• bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H
Crypto Currency Bazaar 4u: Today’s Latest Worldwide News on Cryptocurrency Market delivered to the last minute, Live Crypto Price Data and Indexes, Crypto Investment & Finance opportunities & Blockchain projects, Global Crypto Classifieds
  • INVESTMENTS
    • Crypto General
    • Masternodes
    • Mining Projects
    • NFTS Investments
    • Invest In ICO
    • Exchanges
    • Staking Yeild Farming
  • WORLD
  • USA
  • CANADA
  • JAPAN
  • UK
  • UAE
  • INDIA
  • MORE
    • BRAZIL
    • AUSTRALIA
    • EL SALVADOR
    • CENTRAL AMERCIA
    • SOUTH AMERICA
    • AFRICA
    • EUROPE
    • ASIA
    • OCEANIA
    • ICO
  • Login
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE
HealthNews
No Result
View All Result
Home AUSTRALIA

60% Of BTC Hasn’t Moved In A Year, Mining Difficulty Hits All Time High

CB4U by CB4U
February 22, 2022
in AUSTRALIA
0
60% Of BTC Hasn’t Moved In A Year, Mining Difficulty Hits All Time High
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

For investors fixated on NGU (number go up) technology, the past year hasn’t been pretty, with bitcoin down 33 percent over the past 12 months. However, for long-term investors, there are several bullish indicators worth paying attention to.

BTC price over past 12 months. Source: Coinbase

Long-Term HODLers Have Conviction

When it comes to on-chain market intelligence, Glassnode’s “HODL Waves” chart provides invaluable insight as to bitcoin UTXO (unspent transaction output) age distribution. Put differently, it provides an illustration of when bitcoins were last spent, and how spending patterns change over time.

HODL waves. Source: Glassnode

According to the latest available data, 60 percent of bitcoins have not moved over the past 12 months, suggesting there is a cohort of long-term HODLers that have tremendous conviction, even when the price has collapsed 33 percent over the same period.

Mining Difficulty Hits All-Time High

In January, Bitcoin’s hashrate reached an all-time high, and as of last Friday, Bitcoin’s mining difficulty reached an all-time high of 27.97 trillion hashes.

This is the second time in three weeks that Bitcoin has reached a new all-time high, suggesting that mining is becoming increasingly competitive. To illustrate, Bitcoin’s difficulty was 13.67 in mid-July 2021, shortly after the China mining ban, and is now up 105 percent from its lows.

Bitcoin mining difficulty over past 12 months. Source: CoinWarz

In addition, Bitcoin’s hashrate continues to trend upwards:

These factors cumulatively speak to a network becoming increasingly secure and resilient – qualities integral to the success of a decentralised, unconfiscatable store of value.

Where To From Here?

On the price front, ongoing volatility should be expected, given the US Federal Reserve’s hawkish pronouncements and institutional perspective that Bitcoin is a “risk on” asset:

However, as Mark Yusko likes to remind us, “price is a liar”, and for those with a long-term horizon there are plenty of reasons to be optimistic.

If anything, current price levels are attractive and an excellent entry-point for dollar-cost averaging into the asset. If you’re ready to start stacking Sats, head over to HardBlock where you can set up your account once and then send bitcoin to your hardware wallet without lifting a finger.

Share this article

Join in the conversation on this article’s Twitter thread.

Disclaimer:
The content and views expressed in the articles are those of the original authors own and are not necessarily the views of Crypto News. We do actively check all our content for accuracy to help protect our readers. This article content and links to external third-parties is included for information and entertainment purposes. It is not financial advice. Please do your own research before participating.

Advertisement Banner
Previous Post

We’re at Early Stage of Bitcoin Bear Market, Next Bull Run Expected in 2024 – Coinotizia

Next Post

Crypto trading firm Amber valued at $3B after big Singaporean investment

CB4U

CB4U

Next Post
Crypto trading firm Amber valued at $3B after big Singaporean investment

Crypto trading firm Amber valued at $3B after big Singaporean investment

Discussion about this post

RECOMMENDED

Strike’s Bitcoin Wallet is #1 in Argentina in less than a week

Strike’s Bitcoin Wallet is #1 in Argentina in less than a week

1 year ago
Toncoin (TON) Price Plummets As Bears Overpower Bulls In Market Downturn

Toncoin (TON) Price Plummets As Bears Overpower Bulls In Market Downturn

2 weeks ago

DON'T MISS

Watch THIS level for Cardano

Massive 3.13 Billion ADA Moved Amid Stellar Performance…ADA Price up?

June 4, 2023
Bitcoin network hash rate hit a record high in May

Bitcoin network hash rate hit a record high in May

June 4, 2023
Bullish Pattern Sets $SOL Price Next Target to $24

Bullish Pattern Sets $SOL Price Next Target to $24

June 4, 2023
Crypto Live Trading || 3 JUNE || @thetraderoomsss  #bitcoin #ethereum #cryptotrading

Crypto Live Trading || 3 JUNE || @thetraderoomsss #bitcoin #ethereum #cryptotrading

June 4, 2023
Crypto Currency Bazaar 4u: Today’s Latest Worldwide News on Cryptocurrency Market delivered to the last minute, Live Crypto Price Data and Indexes, Crypto Investment & Finance opportunities & Blockchain projects, Global Crypto Classifieds

The Cryptocurrency Bazaar 4U was founded in 2020 for providing the most trusted information for the Crypto enthusiasts covering a broad range of news about blockchain technology, cryptocurrency assets, emerging fintech trends in the decentralized space, and other related wide array of information surrounding this emerging technology.Our team provides the most up-to-date and accurate news from different sources in this space comprising of unbiased news, in-depth analytics, detailed cryptocurrency price charts, and insightful opinion pieces is the basis of our editorial content.

POPULAR POSTS

Watch THIS level for Cardano

Massive 3.13 Billion ADA Moved Amid Stellar Performance…ADA Price up?

June 4, 2023
Bitcoin network hash rate hit a record high in May

Bitcoin network hash rate hit a record high in May

June 4, 2023
Bullish Pattern Sets $SOL Price Next Target to $24

Bullish Pattern Sets $SOL Price Next Target to $24

June 4, 2023

Categories

  • AFRICA
  • ALTCOIN
  • ASIA
  • AUSTRALIA
  • BITCOIN
  • BLOCKCHAIN
  • BRAZIL
  • CANADA
  • CENTRAL AMERCIA
  • CRYPTO GENERAL
  • EL SALVADOR
  • ETHEREUM
  • EUROPE
  • EXCHANGES
  • ICO
  • INDIA
  • INVERST IN ICO
  • INVESTMENTS
  • JAPAN
  • MASTERNODES
  • MINING
  • MINING PROJECTS
  • NFTS
  • NFTS INVESTMENTS
  • OCEANIA
  • SINGAPORE
  • SOUTH AMERICA
  • STAKING & YEILD FARMING
  • UAE
  • UK
  • Uncategorized
  • USA
  • VIDEOS
  • WORLD
  • CONTACT US
  • DISCLAIMER
  • PRIVACY POLICY
  • ABOUT US
  • CLASSIFIED
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

No Result
View All Result
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H