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Foundry USA and AntPool now control over half of Bitcoin’s hash power. Bitcoin price is slipping toward $110,530, a crucial support level. Macro fears and Fed shifts add pressure to already weak crypto markets. After Monero’s 51% takeover, two Bitcoin mining pools have sparked fears of a potential 51% attack on Bitcoin. Notably, the developments have raised critical questions about the security of the Bitcoin network and the stability of the wider crypto market. Also, the concerns over mining centralisation […]

Bitcoin and Ether prices are falling despite positive industry news. A key disconnect exists between weak price action and strong fundamentals. Glassnode warns of market fragility and stretched leverage in the short term. A profound and unsettling disconnect is cleaving the cryptocurrency market in two as the trading day begins in Asia. While a torrent of structurally bullish headlines points to a maturing and increasingly powerful industry, the price action on screen tells a story of weakness, fear, and retreat. […]

Key takeaways ETH is down 1.6% in the last 24 hours and has dropped below $4,200. The bears are aiming for $4k as the broader crypto market experiences a sell-off. ETH fails to defend its price above $4,200 Ether, the second-largest cryptocurrency by market cap, failed to hit a new all-time high last week and has since lost 10% of its value. It is currently down by 1.6% in the last 24 hours and now trades at $4,170 per coin. […]

Key takeaways Cardano’s ADA is the worst performer among the top 10, losing 8% of its value in the last 24 hours. The coin could recover above $1 soon after retesting the $0.84 low. ADA retests $0.84 amid bearish PA The cryptocurrency market has been bearish since the start of the week, and Cardano’s ADA has been the worst performer among the top 10 coins by market cap. ADA is down 8% in the last 24 hours and briefly dropped […]