Analysis Crypto by Thebittimes.Com

On October 18, Bitcoin  price continued to trade bullish, breaking above the major resistance level of $19,440 level. Ethereum, on the other hand, has gained more than 2% to $1,334 during the early Asian session.  Major cryptocurrencies are trading in the green today as the global crypto market cap grew over 1.7% on the previous day to $934 billion. Over the last 24 hours, the crypto market volume was around $50 billion, a 31% gain.  DeFi had a total volume of $3.3 billion, while the total volume of stablecoins was $47 billion. Top Altcoin Gainers and Losers The top performers in the Asian session were Huobi Token (HT), Zilliqa (ZIL), and  Maker (MKR). The Huobi (HT) is on the rise, gaining over 15% to $7.7, while ZIL's price has risen by over 11% to $0.033. Moreover, MKR's price rose over 9% to $1,084. Cryptocurrency Market Heatmap | Source: Coin360 The Ethereum Name Service (ENS) price is exhibiting a downtrend, losing nearly 4% in t...

Bitcoin recovered slightly more than 1% during the US session to trade at $19,544. The BTC/USD pair opened the day at $19,266 and has since fluctuated between $19,444 and $19,168. One of the reasons for the recent slowdown in BTC's upward movement can be linked to its latest fundamentals. On October 17, mining a block of bitcoin (BTC) took nearly an hour, delaying the confirmation of hundreds of transactions. Bitcoin Produces No Blocks for Hours According to on-chain statistics from various block explorers, the time difference between the two most recent blocks mined by Foundry USA and Luxor was 85 minutes. According to Mempool, over 13,000 transactions were pending before the recent block mining. Furthermore, Bitcoin had to make a difficult adjustment last week to ensure that block confirmations continued to occur every 10 minutes.  It now costs more to mine bitcoin because the mining difficulty has risen to 35.6 trillion, putting pressure ...