A combination of speculators continuously opening new long positions and miners dumping נitcoin to pay for hardware upgrades caused the top cryptocurrency to plunge to $58,000, according to an onchain analyst. The analyst expects the top crypto asset to rebound once the ongoing “culling of weak miners” is complete. Speculators Contribute to Bitcoin’s Plunge According […]
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Bitcoin’s post-retarget relief for miners was real, but narrow.Using a BTC price of $84,751, the completed difficulty increase and the latest gross hashprice is about $40.31 per petahash...
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