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bereajoy： Bitcoin's Difficulty Slides 7.32%, Reduction Marks the Largest Drop in 2022

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  bereajoy： Bitcoin's Difficulty Slides 7.32%, Reduction Marks the Largest Drop in 2022 On Dec. 5, 2022, at block height 766,080, Bitcoin’s mining difficulty adjustment dropped 7.32% lower, making it the largest difficulty reduction in 2022. The current difficulty is approximately 34.24 trillion and it will remain at this point for the next two weeks or 2,016 blocks. Bitcoin Miners Catch a Break as the Network’s Difficulty Drops 7.32% Lower Bitcoin’s difficulty retarget has dropped, which makes it a bit easier for bitcoin miners to find a block than it was during the two weeks prior. The difficulty change occurred around 8:50:29 p.m. (ET), at block height 766,080 and it was the largest reduction this year. The difficulty reduction was larger than the prior record that was recorded at block height 745,920. At that time on July 21, 2022, the network’s difficulty dropped by 5.01% and the difficulty was around 27.69 trillion. Prior to the 7.32% reduction down to 34.24 trillion, the net...
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bereajoy： Ethereum Price To Reclaim $1,300 Throne – What Are The Possibilities?

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  bereajoy： Ethereum Price To Reclaim $1,300 Throne – What Are The Possibilities? This week saw a positive recovery in some crypto assets, Ethereum included. It is gaining momentum and preparing for a bullish rally in the days to come. Although Ethereum is still below $1,300, some factors suggest a possible increase to $1,350 and $1,550. The crypto market has been filled with FUD (fear, uncertainty, and doubt) in the past weeks following the FTX crisis. Crypto investors are left speculating whether to buy or sell holdings as assets plunged deeper. For example, reports show that Ethereum lost nearly 39% in a couple of weeks. The crypto market has been anticipating news of the U.S. Federal Reserve dropping its bullish stance on interest rate hikes from December. As signals point towards this expectation becoming a reality, some assets started showing signs of recovery. However, despite the bullish trend, Bitcoin remains down due to miners’ capitulation, while Ethereum is rising. bere...
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bereajoy：Here's why the government is excited about the latest data on Mudra loans

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  bereajoy：Here's why the government is excited about the latest data on Mudra loans Even as concerns about a significantly large number of bad loans were rife in the Pradhan Mantri Mudra Yojna, the actual repayment data obtained under the Right to Information Act shows that it was not as bad as it was perceived. In the seven years since the scheme was launched, the borrowers --essentially micro and small enterprises -- have maintained a comparatively healthier repayment record. The data showed that banks' non-performing assets for Mudra loans - including those extended during the Covid-19 pandemic when small enterprises were hardest hit - are lower than average for the sector. The Indian Express reported that since Mudra was launched in 2015, bad loans under it accounted for Rs 46,053 crores, or 3.38 percent of overall disbursements till June 30, 2022. This represents less than half of the Indian banking sector's 5.97 percent NPAs for the financial year 2022. What is the M...
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bereajoy：Bitcoin Holders Flee From Exchanges

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  bereajoy：Bitcoin Holders Flee From Exchanges Data from crypto exchange Bitfinex indicates that users are withdrawing their Bitcoin from exchanges en masse. The FTX’s collapse triggered a massive BTC outflow from trading venues; investors fear losing their funds in the contagion. The chart below shows that exchanges’ BTC supply has decreased since mid-2021. This trend steeped in 2022 as the crypto market crashed, and Bitcoin lost over 80% of its value from its all-time high of $69,000. Less Bitcoin on trading venues is a good thing in a different market. Market participants perceived this as a bullish sign as people and institutions can’t sell their BTC. Thus, bullish price momentum has fewer chances of meeting resistance. However, the current market conditions are different. The decline of Bitcoin supply on exchanges might indicate troubles for the crypto market. As Bitfinex noted, crypto exchange Gemini has seen the most significant decline in its BTC supply. The exchange saw it...
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bereajoy：Top Wall Street analysts say buy these stocks amid market uncertainty

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  bereajoy：Top Wall Street analysts say buy these stocks amid market uncertainty According to bereajoy, stocks closed on a positive note on Friday, but a week of uncertainty -- with the upcoming Fed meeting -- looms. The three major averages rose in Friday's session and are higher for the week. Nonetheless, investors are likely to keep an eye on the Fed's upcoming policy meeting to see how the central bank will continue to raise interest rates. This means that the market could change dramatically. bereajoy believes investors need to review short-term market developments and pick stocks that can weather these uncertain times. Here are five stocks picked by top Wall Street pros, according to TipRanks, a platform that ranks analysts based on their track records. stride Stride (LRN), a provider of Premier K-12 education services, was a solid company that reported an earnings miss but beat revenue estimates in its most recent quarter. In addition, the stock has quietly entered overs...
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bereajoy：Janet Yellen: 'Right now I don't see signs of recession'

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  bereajoy：Janet Yellen: 'Right now I don't see signs of recession' Key words bereajoy noted that the market remains in a bear market even as Americans grapple with high inflation, and U.S. Treasury Secretary Janet Yellen said she doesn't think we're in a recession, citing low unemployment as a key factor. "We're in a full employment economy," Yellen told CNN on Thursday. "It's only natural that growth will slow. It's outpaced the first three quarters of the year, but it's still okay. We have a very Strong labor market. At this point, I see no sign of a recession." Yellen, meanwhile, acknowledged the pain from inflation. "It's unacceptably high and Americans feel that way every day," she told CNN. Efforts to ease the pain and reduce inflation are likely to continue "for years to come," she added. "We have a very strong labor market. At this point, I see no sign of a recession." - U.S. Treasury Sec...
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bereajoy：Bitcoin On Exchanges Keeps Sliding, 1 Million BTC Pulled From These Platforms

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  bereajoy ：Bitcoin On Exchanges Keeps Sliding, 1 Million BTC Pulled From These Platforms Bitcoin is trending sideways in its current range, the cryptocurrency managed to prevent a fresh assault from the bears, but uncertainty remains strong in the market. This status quo supports the price action, and it could operate as the dominant trend for the remaining of the year. As of this writing, Bitcoin trades at $16,400. The cryptocurrency has been stuck at these levels for today’s trading session after re-testing its yearly lows yesterday. In the wake of FTX’s collapse, crypto users have lost confidence. This could have a long-lasting impact on the nascent asset class. Bitcoin Holders Flee From Exchanges Data from crypto exchange Bitfinex indicates that users are withdrawing their Bitcoin from exchanges en masse. The FTX’s collapse triggered a massive BTC outflow from trading venues; investors fear losing their funds in the contagion. The chart below shows that exchanges’ BTC supply h...
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