Relief For Bitcoin Miners: BTC Difficulty Corrects 4%
Submitted by Anonymous (not verified) on Sat, 08/17/2024 - 15:00On-chain data shows that Bitcoin mining difficulty decreased by more than 4% during the latest network adjustment.
On-chain data shows that Bitcoin mining difficulty decreased by more than 4% during the latest network adjustment.
The broker upgraded the bitcoin miner's shares to buy from sell and raised its price target on the stock to $13.50 from $7.50.
The broker upgraded the bitcoin miner's shares to buy from sell and raised its price target on the stock to $13.50 from $7.50.
On-chain data suggests that Bitcoin miners would be under pressure right now as the price is quite close to the baseline for these chain validators
On-chain data shows the Bitcoin mining hashrate has continued its decline as the price of the cryptocurrency itself has seen a setback.
On-chain data shows the Bitcoin mining difficulty has gone through an increase of more than 10% in the latest network adjustment.
On-chain data shows the Bitcoin mining hashrate has neared its all-time high (ATH) as BTC has recovered beyond the $67,000 mark.
Bitcoin is bearish at press time, fading last week’s strong gains.
On-chain data shows the Bitcoin mining revenue has neared its yearly average, a sign that capitulation could be coming to a close for miners.
Bitcoin is firm when writing, floating higher and above $60,000.
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