#19month

Huge Ethereum buy wall sends ETH to a 19-month high against Bitcoin

As the price of Ethereum’s Ether (ETH) surpassed $450, a huge buy wall on the major cryptocurrency exchange Bitfinex emerged. Shortly thereafter, ETH achieved $270, a 19-month high against Bitcoin (BTC).

The price of Ether against the price of Bitcoin. Source: Skew

Throughout the past two months, ETH has sustained strong upwards momentum buoyed the rising user activity on Ethereum. 

Data from

Bitcoin Mining demonstrates a 7% increase in profitability after a 19-month decline

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The cryptocurrency mining industry has experienced a dramatic drop in profitability in 2018. By the end of 2017, encrypted miners' incomes reached a record of nearly $ 1 billion in a month, generating huge profits. The bear market's protracted action has resulted in a gradual decline in profitable mining activity, with gross margins rising from 94% in January 2018 to only 32% in December.

Bitcoin Mining demonstrates a 7% increase in profitability after a 19-month decline

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The cryptocurrency mining industry has experienced a dramatic drop in profitability in 2018. By the end of 2017, encrypted miners' incomes reached a record of nearly $ 1 billion in a month, generating huge profits. The bear market's protracted action has resulted in a gradual decline in profitable mining activity, with gross margins rising from 94% in January 2018 to only 32% in December.