Bitcoin breaks 13.000 USD again, Bitcoin’s mining difficulty increases and Goldman Sachs develops secret crypto project
Your daily update on interesting, important and market moving crypto news. Summarized by the Crypto2Cash team
Bitcoin breaks 13.000 USD
After a pullback from the new yearly high on the 26th of June (around 13.800 USD), Bitcoin has reached the 13.000 USD mark once again.
The new price highs coincided with data showing that there is a severe risk of the U.S. entering a new recession.
Bitcoin also regained a record share of 65% of the total cryptocurrency market cap. A level not seen since 2017.
Bitcoin’s mining difficulty increases
Bitcoin’s mining difficulty has posted its largest two-week increase in 12 months. The increased mining difficulty is an indicator of more players competing for mining rewards in the Bitcoin network.
The Bitcoin mining difficulty took a a big hit last year during Bitcoin’s price downturn. And even though Bitcoin’s price recovered 300% from this year’s low of 3.000 USD, the mining difficulty has only increased 100%.
This discrepancy is explained by an insufficient supply of new Bitcoin mining equipment to meet the market’s demand.
Goldman Sachs’ secret crypto project
A new job listing from Goldman Sachs shows the bank’s intentions to pursue digital asset development.
The job listing seeks a ‘Digital Asset Project Manager’ and the future hire will be expected to ‘develop comprehensive road maps for Distributed Ledger Technology development’.
Just recently, Goldman’s chief executive David Solomon revealed that he believes global payment systems are heading in the direction of stablecoins pegged to fiat assets such as the US dollar.
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