Bitcoin Unbothered by Bank of England’s Super-Size Interest-Rate Hike

Date:

The bitcoin mining difficulty ribbon, comprising short and long-duration simple moving averages on the mining difficulty, has compressed for the first time in over a year, indicating miner capitulation. The previous bear markets, including the one seen in 2014, ended with the ribbon compression, data provided by analytics firm Glassnode show.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Crypto investment products hit $46B AUM maintaining record 10 week inflow streak

The total value of assets under management for...

Institutional Traders Split Between BTC, ETH: Bybit Research

Institutional traders and whales, or large holders of...

Bitcoin zips past $41,000 amid unending ETF optimism

Bitcoin’s (BTC) price zipped past $41,000 for the...