Global #btc

Toncoin (TON) has emerged as the sole Layer 1 Network that can effectively rival Bitcoin (BTC) since the start of the year. TON has surpassed BTC by over 160% and boasts a higher count of active addresses.

Keith Ammon, New Hampshire State Representative for New Boston, Mont Vernon, Lyndeborough, and Vice Chair of Commerce and Consumer Affairs, initiated a conversation regarding the possibility of diversifying the state's financial reserves into Bitcoin ETFs.

Bitcoin's price initiated a new downtrend after encountering resistance around the $62,000 zone. BTC is currently on a decline and faces the possibility of further losses below the $60,000 mark.

Metaplanet, a Japan-based Web3 company, has recently disclosed its purchase of additional Bitcoin worth ¥200 million, equivalent to $1.25 million.

According to Glassnode's recent newsletter "The Week On-Chain" dated May 7, Ethereum's Ether (ETH) has demonstrated comparatively weaker performance in this market cycle when compared to Bitcoin (BTC), which is currently priced at $62,988.

Shiba Inu team member Lucie has issued a call to the crypto community to closely monitor SHIB and BTC, as both cryptocurrencies show signs of a price rebound.

On Wednesday, investors sold out U.S.-based spot bitcoin (BTC) exchange-traded funds (ETFs) at the fastest rate possible, despite Jerome Powell, the head of the Federal Reserve (Fed), discounting the likelihood of a rate hike.

As it approaches the event's closeout, Mollars' initial coin offering is experiencing a surge in presales.

The "hash price," a statistic that is crucial to the profitability of Bitcoin mining, has recently fallen to previously unheard-of levels, raising fears among the mining community.

According to new data, mining Bitcoin (BTC) may not be as profitable as it once was. Bloomberg reports that the profitability of mining Bitcoin is getting dangerously close to a record low, not seen since the days after FTX collapsed, which presents serious difficulties for those tasked with maintaining network security.

The cryptocurrency market has seen a significant change as well-funded investors, known as "whales," keep acquiring Bitcoin (BTC), pushing its price to all-time highs. Notably, a well-known Bitcoin whale has amassed 4,380 BTC in the last month, suggesting hope for an impending market recovery.

After breaking over the $66,000 resistance level, the price of bitcoin began to stabilize. Currently, BTC is focusing on the next move over the resistance area of $67,200.