Crypto Trends

Google has removed live price charts for Bitcoin and other cryptocurrencies from its search results

Google has removed live price charts for Bitcoin and other cryptocurrencies from its search results, a feature that had been available since 2018. Users searching for terms like "Bitcoin price" or "Ethereum price" no longer see the familiar charts, although stock and index graphs remain visible.
The change, noticed by users over the weekend, affects most major cryptocurrencies.
However, as of October 15, 2024, searching for "DOGE" still displays Dogecoin's price chart, suggesting the removal may not be comprehensive or final.
Google has not issued an official statement explaining the removal, leaving users to speculate about the reasons behind this decision. Some suggest it could be an algorithm experiment ahead of the upcoming US elections, while others wonder if it's related to regulatory concerns.


Source-Link: Times of India

What Is Crypto Market Cap?

The term “crypto market cap is” short for “cryptocurrency market capitalization”, which is a metric used to determine a cryptocurrency’s relative size and value. You can calculate it simply by multiplying a coin’s current price by the total number of coins in circulation. However, you may not even need to do so as many cryptocurrency platforms calculate it for you.

Crypto market cap is often used to rank cryptocurrencies, with a higher market cap generally indicating a more stable and widely accepted cryptocurrency. Conversely, a lower market cap usually signals a more speculative or volatile asset.

Do note, however, that this is just one of the many factors to consider when evaluating a cryptocurrency's potential. Several other factors, such as technology, team, tokenomics, and use cases, should also be considered when researching cryptocurrencies.

📊 Top 10 #Memecoins by 24h Gain:

$BOME : +26.74%
$BRETT : +18.31%
$GIGA : +10.03%
$MEW : +9.29%
$MOG : +6.05%
$PEPE : +5.65%
$FLOKI : +4.89%
$PEOPLE : +4.71%
$SPX : +4.02%
$NPC : +3.40%

📊 Market Overview:

BTC : $62644
ETH : $2464.55
BNB : $572.48
SOL : $147.29

⚡ Dominance :

BTC : 54.03 %
ETH : 12.94 %
Stables : 6.75 %

📈 Market Cap :

Total : 2.29T
DeFi : 71.15B
24hr Vol : 58.16B

📊 Market Overview:

BTC : $60929
ETH : $2386.5
BNB : $567.69
SOL : $139.03

⚡ Dominance :

BTC : 54.18 %
ETH : 12.92 %
Stables : 6.95 %

📈 Market Cap :

Total : 2.22T
DeFi : 68.71B
24hr Vol : 90.69B

📊 Market Overview:

BTC : $62450
ETH : $2428.36
BNB : $575.11
SOL : $143.42

⚡ Dominance :

BTC : 54.35 %
ETH : 12.88 %
Stables : 6.82 %

📈 Market Cap :

Total : 2.27T
DeFi : 69.36B
24hr Vol : 96.05B

Bitcoin is "still the best performing asset" class in 2024 despite weak Q3: NYDIG



Always choose your investment wisely...

📊 Market Overview:

BTC : $62225
ETH : $2430.85
BNB : $563.63
SOL : $144.53

⚡ Dominance :

BTC : 54.29 %
ETH : 12.93 %
Stables : 6.86 %

📈 Market Cap :

Total : 2.26T
DeFi : 69.92B
24hr Vol : 44.43B

How Does Cryptocurrency Work?

To truly understand how cryptocurrencies function, we must dive into three fundamental concepts: blockchain technology, cryptocurrency mining, and cryptocurrency wallets. These concepts are the backbone of the cryptocurrency ecosystem, each playing a vital role in ensuring transparency, security, and decentralization.

1. Blockchain Technology
At the heart of every cryptocurrency lies the blockchain—a decentralized digital ledger that records all transactions across a network of computers. Instead of being controlled by a single entity (like a bank), a blockchain operates on a peer-to-peer network, where transactions are grouped into blocks and linked together, forming an immutable chain. Each block contains a list of recent transactions and a unique cryptographic hash that connects it to the previous block, ensuring that once data is added, it cannot be altered. This makes blockchain highly secure and transparent.


2. Cryptocurrency Mining
Mining is the process through which new cryptocurrency tokens are created, and transactions are verified. It involves solving complex mathematical puzzles using computational power. Miners compete to solve these puzzles, and the first to succeed adds a new block of transactions to the blockchain. As a reward for their efforts, miners receive newly minted cryptocurrency tokens and transaction fees. This process not only secures the network but also regulates the supply of coins, preventing inflation and manipulation.


3. Cryptocurrency Wallets
A cryptocurrency wallet is a digital tool that allows users to store, send, and receive their cryptocurrencies. These wallets don't hold actual coins but rather store private and public keys used to sign transactions. The private key gives access to your assets, and the public key is like an address to receive funds. Wallets come in various forms—software wallets, hardware wallets, and even paper wallets—each offering different levels of security and accessibility.

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📊 Market Overview:

BTC : $60537
ETH : $2355.33
BNB : $539.57
SOL : $136.14

⚡ Dominance :

BTC : 54.48 %
ETH : 12.89 %
Stables : 7.07 %

📈 Market Cap :

Total : 2.19T
DeFi : 67.02B
24hr Vol : 121.76B

Top News

1. US #Bitcoin ETFs recorded $1.66B in trading volume yesterday.

2. Bybit announced that it introduced the ability to trade major stock market indices using USDT. Including China A50 Index Cash CFD (USD), Dow Jones Index Cash CFD (USD), NAS100 Cash, Nikkei Index Cash CFD (JPY), Hang Seng Index Cash CFD (HKD).

3.Tron Network outperforms #Bitcoin and #Ethereum in Q3 revenue, generating $577M according to TronScan data.

Basics of Cryptocurrency for those who are new to this world

Cryptocurrency is a digital form of currency that uses cryptography for security and operates independently of a central authority, such as a government or financial institution. It is decentralized and typically based on blockchain technology, which is a distributed ledger that records all transactions across a network of computers.

Cryptocurrencies can be used for various purposes, including online transactions, investments, and remittances. Some popular cryptocurrencies include Bitcoin, Ethereum, and Ripple. Each cryptocurrency has its own unique features and uses, but they all share the common characteristics of being digital, secure, and decentralized.

Investing in cryptocurrencies carries risks, as their value can be highly volatile. However, many people see them as a promising alternative to traditional currencies and financial systems due to their potential for transparency, security, and accessibility.

Market Overview:
BTC : $60738
ETH : $2438.28
BNB : $542.21
SOL : $144.07

Dominance :
BTC : 53.88 %
ETH : 13.18 %
Stables : 6.94 %

Market Cap :
Total : 2.23T
DeFi : 69.06B
24hr Vol : 156.53B

🟢What is cloud mining?

🔵 Cloud mining is the easiest way to mine crypto and only requires money (no special hardware).

With cloud mining, users rent remote data centers to participate in the mining process.

In other words, you just pay for a tariff plan, and the mining company specializing in powerful suitable hardware will do the rest.

You don’t need to deal with setting up video cards at home and buying equipment—you just mine “remotely” and earn coins.

🟢Risks:

🟢Cloud mining should be approached with caution. Although it offers a convenient entry point into the world of cryptocurrencies, it also has its own set of risks.

There are cases when fraudulent companies engage in cloud mining to take advantage of inexperienced investors. Therefore, it is crucial to DYOR and choose a reliable provider of cloud mining services.

Ways to earn from cryptocurrencies

1. Buying and Holding (HODLing): This involves purchasing cryptocurrencies and holding onto them for an extended period, hoping their value will increase over time. If the price goes up, you can sell them for a profit. This is similar to traditional investing in stocks or commodities.

2. Trading: Cryptocurrency trading involves buying and selling cryptocurrencies on various exchanges to profit from price fluctuations. Traders use technical and fundamental analysis to make informed decisions. Day trading, swing trading, and arbitrage are common trading strategies.

3. Mining: Mining involves using computational power to solve complex mathematical problems on a blockchain network. Miners validate transactions and add new blocks to the blockchain in exchange for cryptocurrency rewards. While it can be profitable, it often requires significant hardware and energy investments.

4. Staking: Some cryptocurrencies offer staking as a way to earn rewards. Staking involves holding a certain amount of a cryptocurrency in a wallet and participating in network activities, such as validating transactions. In return, you receive additional coins as rewards.

5. Dividends and Interest: Certain cryptocurrencies, like some stablecoins, offer interest or dividends to holders. These earnings are typically generated from lending or staking the assets.

6. Airdrops and Forks: Occasionally, cryptocurrency projects distribute free tokens to existing holders (airdrops) or undergo network upgrades (forks) that create new cryptocurrencies. Holding the original cryptocurrency can result in receiving these new tokens.

7. Yield Farming and Liquidity Provision: In decentralized finance (DeFi), users can earn by providing liquidity to liquidity pools or participating in yield farming programs. They earn rewards in the form of tokens or fees for their contributions.

8. Freelancing and Payments: Some individuals accept cryptocurrencies as payment for goods or services they provide, like freelancers and online businesses.

9. Initial Coin Offerings (ICOs) and Token Sales: In the past, some people earned by investing in ICOs or token sales of new cryptocurrency projects at an early stage. However, these investments come with high risk and regulatory scrutiny.

10. NFTs (Non-Fungible Tokens): Creating, buying, and selling NFTs, which represent unique digital assets like art, collectibles, or virtual real estate, can be a way to earn income in the cryptocurrency space.

It's important to note that the cryptocurrency market is highly volatile and speculative, and investing in cryptocurrencies carries risks. Before getting involved, it's advisable to do thorough research, understand the risks, and consider your risk tolerance and investment goals. Additionally, be aware of the legal and tax implications of cryptocurrency earnings in your jurisdiction.

🚨 Breaking Financial Market Update! 🚨

Big moves today! The U.S. Federal Reserve has made a surprising rate cut by half a percentage point, reversing a two-year trend of hikes aimed at controlling inflation. This is huge for borrowers, making loans, mortgages, and credit cards cheaper, but it also brings concerns about potential market volatility. 📉

Meanwhile, over in China, a major stimulus package has been announced to revive its struggling housing market, which is expected to boost global demand for commodities like copper and fuel optimism in Asian markets. 🌏

Stay tuned as these developments could significantly impact global markets! 💼

🟢Diversify your portfolio

🔵If you decide to create a trading plan, you should cover portfolio diversification to reduce your risk. Holding just one or two assets in your portfolio tends to be riskier. As such, you can diversify your holdings by investing in different assets across3 multiple asset classes.

🟣In crypto, you can begin by defining your asset allocation. You could allocate your investments in DeFi liquidity pools, staking, derivatives, stablecoins, and altcoins. By reducing your exposure to one single crypto class, you are less likely to experience big losses. For example, you may experience impermanent loss from a liquidity pool you’re invested in but offset your losses through staking gains.

👉You can then diversify within these different asset classes. For stablecoins, you could hold BUSD, USDT, and PAXG to reduce your overall portfolio risk even further. But these are just examples. There are multiple responsible ways to plan out your crypto portfolio.

How to do crypto mining?

Mining cryptocurrency involves using powerful computer hardware to solve complex mathematical problems that validate transactions on a blockchain network. Here’s a step-by-step guide on how to mine crypto:

### 1. Choose Your Cryptocurrency
- Bitcoin (BTC): Requires expensive and powerful ASIC miners due to high difficulty.
- Ethereum (ETH): Can no longer be mined after its transition to Proof of Stake (PoS). Alternatives like Ethereum Classic (ETC) or other GPU-mined coins are still available.
- Altcoins: Consider coins like Litecoin (LTC), Monero (XMR), or Ravencoin (RVN) that can be mined using GPUs or CPUs.

### 2. Select Mining Hardware
- ASIC Miners: Specifically built for mining Bitcoin or Litecoin; highly efficient but expensive.
- GPUs (Graphics Processing Units): Ideal for altcoins. GPUs from NVIDIA and AMD are popular for mining altcoins like Ethereum Classic or Monero.
- CPUs (Central Processing Units): Can mine some coins like Monero but are generally slower compared to GPUs and ASICs.

### 3. Set Up a Mining Rig
- ASIC Rig: Connect the ASIC miner to your network and configure it for the specific cryptocurrency you are mining.
- GPU Rig: Build a custom setup with multiple GPUs, a strong motherboard, power supply, and cooling system.
- CPU Mining: Requires fewer resources but can be slower and less profitable.

### 4. Download Mining Software
- Bitcoin: Use software like CGMiner or BFGMiner.
- GPU Mining (Altcoins): PhoenixMiner, GMiner, or T-Rex Miner are popular options.
- CPU Mining: XMRig for Monero, or similar software for other coins.

### 5. Join a Mining Pool
- Mining solo is extremely difficult due to high competition and power costs. Join a mining pool to combine resources with other miners.
- Popular pools include SlushPool (for Bitcoin) or Ethermine (for Ethereum Classic and other altcoins).

### 6. Set Up a Wallet
- Hot Wallets: Software wallets that are easy to use but may be more vulnerable to online attacks (e.g., MetaMask, Trust Wallet).
- Cold Wallets: Hardware wallets like Ledger or Trezor offer better security.

### 7. Monitor and Optimize
- Track the performance of your rig using monitoring software. Make adjustments to power consumption, cooling, and overclocking settings to optimize profitability.

### 8. Consider Costs
- Electricity: Mining is power-intensive. Ensure you are aware of your local electricity rates.
- Mining Pool Fees: Pools charge around 1-2% fees, but they increase your chances of earning consistent payouts.

### 9. Stay Updated
- Blockchain algorithms change, and profitability fluctuates. Keep an eye on updates in the blockchain space and shift to more profitable coins if necessary.

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