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Here’s Why Bitcoin Price Crashed Below $54,000

[Sep 7 8:30 PM] The Bitcoin price dropped below $54,000 on September 6 as the flagship crypto experienced a massive wave of sell-offs from traders. This price decline was sparked by developments on the macroeconomic side, which painted a bearish outlook for…

Bitcoin Hashrate Hits Record High as Prices Drop Below $55K

[Sep 7 5:50 PM] As bitcoin dipped below $55K this week, something quite interesting happened behind the scenes. On Sept. 7, 2024, the network’s computational power hit a new lifetime high. The seven-day simple moving average (SMA) for Bitcoin’s total hashrate…

A Deep Dive Into the Top 10 L1 Chains by Daily Transfer Records

[Sep 5 5:30 PM] In Sept. 2024, data revealed that the top ten layer one (L1) blockchains hold a combined value of $1.66 trillion, a significant chunk of the $2.03 trillion crypto economy. This year, Bitcoin and Ethereum, the two biggest L1 chains, hit all-time…