Maker

Foundry

Bitcoin

Stellar

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<a href="https://twitter.com/PeckShieldAlert/status/1682286063140892672" rel="noopener noreferrer nofollow">PeckShield</a>&nbsp;Alert has reported an unusual occurrence on the Bitcoin network. 
A block of Bitcoin (BTC) took more than an hour to mine, keeping transactions in an unconfirmed state. 
<blockquote class="twitter-tweet"> 
 <a href="https://twitter.com/hashtag/PeckShieldAlert?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#PeckShieldAlert</a> <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> <a href="https://t.co/hngvlr0783" rel="noopener noreferrer nofollow">pic.twitter.com/hngvlr0783</a>— PeckShieldAlert (@PeckShieldAlert) <a href="https://twitter.com/PeckShieldAlert/status/1682286063140892672?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 21, 2023</a> 
</blockquote> 
According to a screenshot posted by PeckShield, the time difference between the two recent blocks mined by F2pool and Foundry USA was about 95 minutes, or 1 hour and 35 minutes. The block time for each cryptocurrency varies, with Bitcoin taking about 10 minutes. 
<a href="https://u.today/bitcoin-btc-now-extremely-squeezed-on-chain-data-hints-at-significance" rel="noopener noreferrer nofollow">card</a> 
Similar circumstances were reported in October of last year, when Bitcoin had a block production delay of about 85 minutes. 
<h2 id="bitcoin-price-action">Bitcoin price action</h2> 
At the time of publication, <a href="https://u.today/will-bitcoin-btc-crash-to-12000-heres-interesting-answer-by-crypto-analyst" rel="noopener noreferrer nofollow">Bitcoin</a>, which makes up approximately half of the $1.2 trillion cryptocurrency market, was changed little at $29,748. Since reaching a high for the year of $31,818 on July 13, it has fluctuated between $30,000 and $31,000. 
As alternative cryptocurrencies resumed the surge that started last week after a court decision that was considered positive for the digital asset market, altcoins like Stellar (XLM) and Maker (MKR) are on the rise. 
The on-chain analytics firm hints at ongoing consolidation for Bitcoin, saying that the 14-day Bitcoin Price Range remains extremely tight, residing at a current value of 6.38%. 
On July 19, it was noted that with only 5.63% of trading hours recording a tighter 14-day trading range, the probability of a volatile move in either direction is enhanced. 
Crypto analyst <a href="https://twitter.com/woonomic/status/1682094491719847937" rel="noopener noreferrer nofollow">Willy Woo</a> says there are early signs that BTC consolidation is nearing completion. 
This is because futures demand is currently moving the market. Notably, this <a href="https://u.today/heres-key-reason-why-bitcoin-btc-fell-below-30000" rel="noopener noreferrer nofollow">demand</a>&nbsp;has been climbing against sideways price action, which remains a bullish signal. 
Woo also noted that volatility dynamics might be signaling that a larger move is probable.

Bitcoin Fails to Generate Block for Over an Hour, Here's What Happened

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