The rise and fall of BTC prices fluctuated significantly this week, and analysts believe that there is still a possibility of a 30% drop in the future;
The mining difficulty was raised to 7.46 T, and the mining difficulty and computing power both hit record highs;
Central Commission for Discipline Inspection National Supervision Commission: Illegal collection and delivery of bitcoin and other gifts are easy to report weekly;
Binance Research Institute: Stablecoins will replace BTC as the quote currency for digital assets;
Secondary market
Secondary market
Image Source:
Image Source:Coinmarketcap
Other related news:
1. Technical analysts in the encryption field such as Josh Rager and Cred expect that $8,200 will be a key support level that may prevent BTC from falling to the $7,000 area again. As long as support at $8,200 is defended, a move to $9,600 remains a realistic target and high time frame resistance level, according to Cred. In the past month, the price of Bitcoin has risen from $5322 to $8700, an increase of 54%. However, based on Bitcoin's historical performance and its tendency to see sharp corrections of 30% to 40% after major price spikes, Cred noted that a 30% drop is still possible in the future.
2、Binance Research believesTrading Currency Ranking
Trading Currency Ranking
BTC.com data
Image Source:Coinhills
mining
according toBTC.com dataIt shows that the current network computing power is 52.87 EH/s, a slight increase from last week; the mining difficulty is 7.46 T, a record high. It is reported that the last record for the highest difficulty of Bitcoin mining was 7.45T on October 4, 2018, when the average computing power of the entire network was 53.33 EH/s.
source:
source:Blockchain.info
Data on the chain
source:btc.com
Data on the chain
source:
source:Tokenview
Data Sources:
Data Sources:Tokenview
related news
Data Sources:Bitinfocharts
related news
1. According to1ML websiteThe data shows that at present, the number of nodes supporting the network has reached 8625, +95 compared with last week; the number of channels is 35680, compared with -992 last week, a decrease of 6.9% within 30 days; the carrying capacity of Lightning Network is currently 1012.85 BTC, compared with Last week -14.56 BTC, a drop of 5% in 30 days.
Counted by nodes, the top three lightning network hotspots are: Toronto, Ashburn, USA, and Amsterdam; the top five lightning network-based stores and services are: Bitrefill, Blockstream, Tippin.me, Hodl Monkey, and Living Room of Satoshi.
2. According toBitcoin ATM MapIt shows that as of May 26, there are 4,894 Bitcoin ATMs in 77 countries around the world, 47 more than last week. The country with the largest number of installations is the United States (3,102), followed by Canada (702 units), Austria (272 units); the number of installations in North America accounted for 73.5%, an increase from last week.
3. In terms of national policies and attitudes,Speaker of the Brazilian Chamber of DeputiesRodrigo Maia ordered the formation of a committee to consider cryptocurrency regulation in the country;governor of the central bank of russia: Against the legalization of cryptocurrencies due to their risks and volatility;Director, Planning and Marketing Bureau, Financial Services Agency of Japan: Bitcoin is excessively speculative, and encrypted asset ETFs should be judged carefully.
4、Scientific paper preprint website arXiv disclosure information showsI am Odaily reporter Wu Suixin (WeChat ID wsuixin12), please note your name, unit, title and reason when adding friends.
I am Odaily reporter Wu Suixin (WeChat ID wsuixin12), please note your name, unit, title and reason when adding friends.
