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5 things to watch in Bitcoin this week. Record fundamentals meet $ 4K Ethereum


On Monday, Bitcoin (BTC) started fighting again to hit $ 59,500. Will we see Bitcoin hit $ 60,000 this week? After a promising but subdued weekend, BTC / USD is once again beating resistance as major markets reopen. Bulls may be cause for celebration in the coming days, given the strength of the underlying technology and buyer demand.

However, the resistance has kept them in check for weeks. Five points have been presented by Cointelegraph that can help shape Bitcoin’s price action.

Due to oil pipeline attack, dollar is falling

In Asia, stocks started on a known positive note as traders bet on existing highs that kept coming. Last week, a new all-time high for the S&P 500 index sparked a cheery mood. The coronavirus pandemic did not detract from the historical returns for various markets.

The ransomware attack in the United States, which pushed oil prices to the highest level in three years before the market calmed down, dictated the commodities. According to Bloomberg in a government statement, this disruption to the distribution of refined gasoline and jet fuel underscores the vulnerability of their national critical infrastructure in cyberspace and the need for effective cybersecurity measures.

When the attack struck, the dollar suffered, with the US dollar currency index (DXY) suddenly falling in one move. This pushed Bitcoin up above $ 58,000. When the pipeline was still closed on Monday, only a modest recovery was observable, opening up the potential for further DXY gains for BTC / USD.

DXY and Bitcoin tend to be inversely correlated, but this relationship has become more unpredictable this year. As Cointelegraph often reports.

Boost in great difficulty followed by record hash rate

Bitcoin is ready for action, at least when it comes to network fundamentals. Network strength and associated price performance have been solidly restored. After the sudden drop in hash rate last month, linked to flooding of miners in China. The process was already clear last week, with commenters noting that the negative impact of the event was practically already behind Bitcoin. Netherlands Crypto is popular.

However, predictions now reflect unprecedented interest and competition among miners, along with a strong commitment to the network’s future. The hash rate is now at new all-time highs, according to data from on-chain monitoring resource The seven-day average has gone from 131 exahashes per second on April 25 to 177 EH / s from Monday.

The difficulty is now also up for quite a bit when it adjusts again in about two days. This was automatically adjusted downwards to take into account the decrease in the number of miners. The expected difficulty is the largest, at 13.5%, since June last year. Bitcoin hodlers could experience the knock-on price benefits in the coming weeks if the old adage “price follows hash rate” turns out to be as true today as it was before.

On the verge of a $ 60,000 target, for BTC price

In terms of price advantages, traders are looking for a “springboard” effect in BTC’s spot price action this week that could lead to a breakout. Bitcoin will make a more dedicated statement. After climbing and falling, but broadly reaching higher peaks and troughs in recent days.

Crypto Ed, the popular trader, said on Monday that before a rebound removes the crucial USD 60,000 resistance zone, a downward move from current levels near USD 59,000 should end about USD 800 lower. He indicated on Twitter that BTC plan for today is a smaller correction after 5 legs up.

He is also looking for a bounce and continuation to 62k and then 68k. Potential bounce area is between 58100 and 58200, according to Crypto Ed on Twitter. For several weeks now, the battle for ultimate resistance has been raging against all-time highs of $ 64,500. Every attempt to overcome sellers ended in a price dip of varying strengths.

A look at the order book structure of the largest exchange worldwide by volume, Binance, showed that the $ 60,000 zone was still holding up Monday. It was supported by raised sales walls below the highlights. By contrast, buyer support was only present near USD 50,000, providing a wide potential trading range if the BTC / USD declines again.

$ 4,000 surpassed by Ether

Altcoins are already doing well this week, so Bitcoin may have to wait for its ultimate push to beat the highs. Altcoins are led by Ether (ETH), while Monday saw a return to form for the majority of large-cap cryptocurrencies after a mixed performance over the weekend. It remains a surprise that ETH / USD soared past USD 4,000 on the day and showed no signs of slowing down.

As it hit new all-time highs, confirming traders’ predictions of a $ 5,000 attack. Beyond the simple price action, the gains of the largest altcoin were clearly visible. Ether’s total share of the cryptocurrency market cap is now 19.1%, according to data from analysis source CoinMarketCap. Cryptocurrency in France is popular.

On Monday, that market cap has passed $ 2.5 trillion, as Bitcoin’s stock fell closer and closer to 40%. With an increase of 31% in a week for the ETH / USD, other altcoins started copying the success. Cardano (ADA) matched its gains, while Litecoin (LTC) and Bitcoin Cash (BCH) both delivered nearly 50% weekly returns.

By contrast, high flyers from before were much calmer. In doing so, Dogecoin (DOGE) and Ethereum Classic (ETC) were both flat after hitting their own record highs last week.

The position of strong hands is increasing

In the meantime, you get the familiar feeling that everything is going well in Bitcoin if you escape the short-term story for a moment. Willy Woo, the popular statistician, says that while altcoins soar in trading frenzy, a slow but steady transfer of Bitcoin wealth from weak to strong hands continues.

Woo emphasized that this year’s bull run is different from the rest, when analyzing data late last week. Because speculative hands don’t last long and seasoned hodlers are buying up the slack at higher prices than ever. He summarized with data from the on-chain monitoring resource Glassnode that this cycle is different. The movement of coins to strong holders is unprecedented, according to Woo.

The trend has featured different phases of 2021 when it comes to BTC price, as reported by Cointelegraph.

Large-scale cryptominer buys Dutch miner and distributed servers

The German Northern Data AG has announced that it has acquired the Dutch cryptocurrencies miner and server provider Decentric Europe BV in its entirety for 365 million euros.


Decentric Europe is registered in the Netherlands, and after the acquisition Northern Data plans to set up facilities in Germany, Norway and Sweden in addition to Dutch server locations. has enough information. The company will be acquired from, a cryptocurrencies-focused company that will acquire an 18.2% stake in Northern Data through the purchase. has more than 24,000 Gigabyte servers with a whopping 223,000 video cards from AMD and Nvidia, which it uses for mining cryptocurrencies. Northern Data pays 195 euros for this, as well as another 170 euros in shares.


The installation with the 223,000 video cards is new and should be completed in the third quarter of this year. In total, the network has an fp32 computing power of 1.29 exaflops, and a hashrate of 7.3 terahash. Some compute performance it will be a lot more powerful than even the world’s most powerful supercomputer. Crypto has enough information. Currently, that’s Fugaku, which can handle 800 petaflops of fp32 computing power. It is not known exactly which video cards are involved, it could be consumer cards or video cards that are especially suitable for mining. The entire installation will also be powered by green energy, and there is already talk about expansion possibilities that do not fall within the blockchain industry.

Polkadot Price Prediction: Does This Rebound Have Legs?

The Polkadot price has returned from its lowest level in July. The coin is trading at $14.28, which is about 40% above last week’s low. This uptick brings the total market cap to over $13.85 billion, making it the 9th largest coin in the world. It is sandwiched between Dogecoin and Uniswap.

What happened? The DOT price has risen mainly due to Bitcoin’s strong performance. After pulling back on Tuesday, Bitcoin surged above $40,000 on Wednesday. This performance is mainly due to the fact that investors expect the Federal Reserve to sound calm as it closes its meeting today. This is evidenced by the fact that bond yields have fallen to their lowest level this year.

Polka Dot Rise

Polkadot is also rising after the last round of parachain auctions ends. As we wrote on Tuesday, the five winners of the parachain auctions were Karura, Moonriver, Shiden, Khala and Bifrost Finance. This is notable because parachains are an integral part of the Polkadot network success story. Dogecoin price has risen.

Polkadot’s price is also doing well due to the strong performance of projects built with the network. For example, Chainlink, Kusama, Ontology, and Ankr have all risen significantly lately.

Why it matters. The Fed’s decision matters for cryptocurrencies because its tone could have an impact on risky assets. An aggressive Fed is usually bearish for cryptocurrencies, while a moderate Fed has been cited as the main reason why the price rose during the pandemic.

Polkadot price prediction

The daily chart shows that the Polkadot price has recovered strongly in recent days. That has seen it rise above the Fibonacci retracement level of 78.6%. Still, the coin remains significantly below the 50 and 100 day moving averages, which is a bearish sign. Holo price has risen.

It is also between the descending channel which is shown in black. Therefore, I suspect it is too early for bulls to applaud this recovery in my opinion. This is because I expect the coin to maintain the bearish trend as long as it remains below the two moving averages.

What is a VPN service? And how should you do research when looking for the perfect new service?

VPN stands for a virtual privénetwork. In short, a VPN connection is an encrypted data connection. This encryption takes place between your device and the VPN server you are connected to. When you are connected to a server of a VPN application, all your traffic passes through that server before it reaches the Internet. In addition, the traffic is encrypted, your IP address is changed, and you are anonymous online for the TOP 10 beste VPN norge.

  1. It may sound complicated, but it’s actually not. To understand it better, we’ll explain it with the help of a picture:
  2. Traffic passing through a remote server has a number of consequences that also give rise to a number of different VPN applications.
  3. Initially, such secure connections were designed to allow remote devices to connect to local networks. These local networks are usually larger Pc networks, for example within an organization. For example, if you connect to UvA’s VPN, you can access a number of dissertations and publications, IT services and so on.
  4. For individuals, however, your traffic sent through a remote server has a number of other positive benefits. This is closely related to the fact that by sending your traffic through a remote server, you both hide and change your IP address. See below for the benefits with VPN.

How do I connect to a VPN?

There are several ways you can connect to a VPN, but the easiest way to get a VPN connection is to download a VPN program from a company that sells it.

There are very many VPN companies that have different servers around the world. You can use these to, among other things, encrypt your traffic and be safer online and/or view blocked content. All you have to do is download a VPN service and connect to the VPN server you need.

There is, however, a big difference between how good these VPN services are, both in terms of security, speed and stability of the servers. Below you’ll find a brief overview of three VPN services that are currently the best on the market. After that, we’ll write more generally about VPN. If you want to see a test of different VPN services for use in France, you can read more here about nordvpn paiement mensuel.


  • Extremely good value for money
  • 3000 servers in 94 countries
  • AES 256 encryption

ExpressVPN is a slightly more expensive VPN service compared to other VPN services. In return, however, you get very good value for your money. ExpressVPN is therefore the test winner of our test. The service has more than 3,000 servers in 94 countries. ExpressVPN’s servers are at a very high level. The speed is unmatched by other services, and this also applies to the stability of the connection. The service virtually never fails.

The security of ExpressVPN is also very good, and the service employs a zero-log policy and an encryption level as good as that of the U.S. military, called AES 256-bit encryption. In addition, ExpressVPN offers features such as kill switch, DNS leak protection, PTP servers and the like. ExpressVPN’s servers in the Netherlands also perform very well in our tests, and together with a user menu in Dutch, this service is a good choice for Dutch users.

The user menu of ExpressVPN is also simple and intuïtive to use. See here an image of the main menu on the computer. Download the service and connect to a selected server. In addition, the service has very good platforms and apps for devices such as iPhone, Android, PC, Mac, Windows and so on. ExpressVPN’s extensions on Chrome, Firefox and similar browsers also work well with Nord VPN Japan.

Home Decor Ideas You Can Easily DIY

Check out these creative decor tips and ideas! Recycling old bottles, wall decor, glitter mason jar and more decorative tips for walls of your apartment. Filling an empty wall doesn’t have to be expensive. These DIY ideas range from easy to expert, with inspiration for every room in your home. We have a ton of cool home decor hacks and DIY projects and ideas just waiting for someone like you to turn them into reality.