Posted on

Bitcoin (BTC) Hashrate Recovers Day After Crash

The drop in hashrate had nothing to do with the falling price of BTC, and was probably due to a facility going offline temporarily. The Bitcoin (BTC) hashrate recovered after a one-day crash of nearly 30%, assuaging fears that the network is in trouble. BTC mining now happens at 94 EH/s, near the absolute peak just above 100 […]

Posted on

Bitcoin Price Dips to $9.6K as Bear Cross Looms

View BTC quickly fell to $9,600 this morning, bolstering the bearish setup on the 4-hour and daily charts. A deeper drop to key support at $9,454 may now be in the offing. A UTC close below $9,450 would confirm a downside break of a three-month-long contracting triangle and expose the 200-day moving average (MA) support […]