Bitcoin has surprised us all and jumped by approximately five percent in less than an hour. The cryptocurrency was trading for roughly $7,100 during the early morning of May 29, only to incur a spike that saw its price rise by over $300. This is good news, in the short-term… And yet, it appears the bulls are not making a valid and full appearance as of late. Bitcoin is roughly ten percent away from a solid buying mark should the bear sentiment remain as it is, though some analysts believe stronger (and renewed) sentiment will appear if bitcoin drops backPowered by WPeMatico
Bitcoin is holding steady at $9,300. It’s a good sign that bitcoin can remain firm over the weekend, and $10,000 may not be too far off the mark. The largest rewards are now being witnessed in mining. It was recently speculated how profitable mining could truly be if bitcoin’s price remained under $8,600. Figures like Fundstrat’s Tom Lee were discussing the notion of bitcoin mining losing full profitability, but now bitcoin stands $700 above the mentioned position. A few weeks ago, for example, a 1080ti GPU from Nvidia was earning about eight dollars a day. That meant a miner could