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

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

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

Be the first to comment

Leave a Reply

Your email address will not be published.