Miners may hit pause on the good times for BTC price action, one theory believes, as the weekend promises support tests.
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Miners may hit pause on the good times for BTC price action, one theory believes, as the weekend promises support tests.
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Efforts to keep Bitcoin mining operations afloat may end up stressing the spot BTC price further lower.
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October 2022 has yet to prove itself as analysts predict “wild” Bitcoin price volatility for November.
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The senior commodity strategist is bullish on Bitcoin, revealing on Oct. 18 that its relative discount to hash rate has hit levels not seen since the first quarter of 2020.
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There is no bear market for the builders of the Bitcoin network as more and more Bitcoin miners are joining the network, driving up the difficulty.
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Bitcoin miners continue to take advantage of the falling GPU prices to upgrade their mining equipment as they aim to remain competitive in the fierce competition.
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Cryptocurrency’s hash rate measures a blockchain network’s processing power to process transactions.
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The overall security of the Bitcoin protocol, or hash rate, hit a new high of 158 exahash per second despite the price being down over 50% year to date.
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Bitcoin has plenty of obstacles to weather in the current macro storm as two-year weekly close lows remain inches away.
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In a recent Twitter Spaces, Capriole Fund founder Charles Edwards told Cointelegraph that BTC could go lower, but currently reflects “incredible deep value” based on multiple price metrics.
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