Jan 22, 2024
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19month.
Huge Ethereum buy wall sends ETH to a 19-month high against Bitcoin
Huge Ethereum buy wall sends ETH to a 19-month high against Bitcoin
As the price of Ethereum’s Ether (ETH) surpassed $450, a huge buy wall on the major cryptocurrency exchange Bitfinex emerged. Shortly thereafter, ETH achieved $270, a 19-month high against Bitcoin (BTC).
The price of Ether against the price of Bitcoin. Source: Skew
Throughout the past two months, ETH has sustained strong upwards momentum buoyed the rising user activity on Ethereum.
Data from
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Bitcoin Mining demonstrates a 7% increase in profitability after a 19-month decline
Bitcoin Mining demonstrates a 7% increase in profitability after a 19-month decline
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The cryptocurrency mining industry has experienced a dramatic drop in profitability in 2018. By the end of 2017, encrypted miners' incomes reached a record of nearly $ 1 billion in a month, generating huge profits. The bear market's protracted action has resulted in a gradual decline in profitable mining activity, with gross margins rising from 94% in January 2018 to only 32% in December.
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Bitcoin Mining demonstrates a 7% increase in profitability after a 19-month decline
Bitcoin Mining demonstrates a 7% increase in profitability after a 19-month decline
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The cryptocurrency mining industry has experienced a dramatic drop in profitability in 2018. By the end of 2017, encrypted miners' incomes reached a record of nearly $ 1 billion in a month, generating huge profits. The bear market's protracted action has resulted in a gradual decline in profitable mining activity, with gross margins rising from 94% in January 2018 to only 32% in December.
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CANADA STOCKS-TSX weakest since July; loonie hits 19-month low © Reuters. CANADA STOCKS-TSX weakest since July; loonie hits 19-month low Dec 21 (Reuters) - Shares in Toronto's main stock index hovered around five-month lows on Friday, tracking a global sell-off and lower oil prices, while the Canadian dollar weakened to a 19-month low. * At 10:15 a.m. ET (15:15 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 0.10 points, or 6.98 percent, at 14,141.23.</p... All News