Bitcoin’s hashrate is breaking records, but price is still far from its ATH – Why?
Key takeaways
Bitcoin’s hashrate hit a historic 1 zetahash per second, however the worth motion stays caught under $113k. Regardless of robust shopping for curiosity and a hike in Open Curiosity, breaching resistance ranges will likely be powerful.
Bitcoin’s [BTC] hashrate is within the information immediately after it blasted previous 1 zetahash per second for the primary time ever! Now, whereas that’s an enormous present of community power, the worth motion appeared to inform us a unique story.
On Binance, as an example, BTC noticed its strongest burst of shopping for in weeks, solely to stall out as soon as once more on the $112,500-ceiling. The failure to crack resistance may both imply heavy-handed promoting strain or consumers missing the conviction to push tougher.
What’s occurring?
A brand new period for BTC mining
