Major cryptocurrencies are in a downward trend.
As of 1 PM on the 22nd, based on Bithumb, BTC rose 0.48% from the previous day to 92,392,000 won. Ethereum (ETH) fell 0.79% to 3,624,000 won, Binance Coin (BNB) rose 0.49% to 819,500 won, Solana (SOL) rose 1.60% to 228,200 won, and Ripple (XRP) fell 1.51% to 745 won.
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The international market is also in a downward trend. At the same time, on CoinMarketCap, BTC recorded $67,351.96, down 2.23% from the previous day. ETH fell 3.31% to $2,642.11, BNB fell 0.96% to $598.34, SOL fell 1.78% to $166.33, and XRP fell 0.81% to $0.543.
The total market capitalization of cryptocurrencies decreased by 2.1% from the previous day to about $2.33 trillion (about 3,214.769 trillion won). The Crypto Fear and Greed Index of the cryptocurrency data company Alternative.me fell 2 points from the previous day to 70 points, indicating 'greed'.
BTC hash rate has reached an all-time high.
According to CoinDesk on the 21st (local time), the BTC hash rate has increased by 6% over the past week, reaching 703EH/s. Hash rate is a unit used to measure mining capability in the cryptocurrency industry.
Miner revenue has exceeded $50 (about 6,899 won) PH/s. This is the highest in two months. The increase in transaction fees due to the on-chain launch of the Rune protocol on October 17 and the rise in BTC prices are cited as the background.
The BTC mining difficulty is expected to increase by more than 4% on October 23. BTC difficulty is adjusted every 2,016 blocks (about 2 weeks) based on the hash rate.
- Reporter Hae-yeon Kang
- haeyeon41@rni.kr
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