Bitcoin price & Altcoin analytics

According to research on the ground, the production-weighted cash cost to create 1 Bitcoin (BTC) averaged approx. $4,060 worldwide in the fourth quarter (Q4) of 2018, analysts from JPMorgan Chase Co. reveal. This cost is much higher than the current Bitcoin price as Bloomberg reports.

The one-day (24h) period of trading has not registered a vast activity in the digital currency economy. Since the surge on February 8, which saw Bitcoin (BTC) touch the $3700 resistance level, nothing actually momentous has taken place on the BTC markets. However, ETH has finally managed to race past XRP.

The total number of transactions on Thursday, February 8, is as high as the transactions of Friday, January 18, but the fees did not reduce in any way, Reddit reports.

In the latest Bitcoin (BTC) versus Silver (SLV) analogue piece, remarkable similarities can be seen in the charts. Trying to puzzle out the time frame of the consolidation point is very crucial. In Silver, the consolidation period timing was more than 90 days, nevertheless, the 500% rally also took around 30 months. In Bitcoin, the 500% rally took around 9 months.

Since early last year, cryptoasset investors have been caught in prices declines, fake news, accounts of fraud etc. which have weeded out the weak speculators.  Eventually, this has created a community of investors that more likely believe in the nascent technology or doubt that another wave of speculators will push the markets back to or above their antecedently accomplished all-time-highs.

Even though last week began with the Bitcoin price consolidating, the utmost result was price action hitting a drastic week.