Can BTC preserve $20,000 as miners become Bitcoin's 'biggest intra-Bitcoin risk'?
of liquidity problems, concerns over mining profitability in the face of exploding hash rate continued to surface., theories over why hash rate was diverging so much from spot price even included Russia seeking to corner the industry.on the day.
Michaël van de Poppe, founder and CEO of trading firm Eight, meanwhile described miners as “capitulating” — a status not seen in“Meanwhile; from a technical standpoint, $BTC looks to reach long territories here,” he added about BTC price action. “Sweeping the low and should hold around $19.9K. If that doesn't grant support, then I'm looking at $19.6K.”meanwhile showed hash rate at around 257 exahashes per second, with difficulty due to undergo a slight decrease at the next adjustment, still nine days away.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com.
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