Friday, April 26, 2024
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‘Price follows hash rate’ — Bitcoin fundamentals drop may delay $14K

Bitcoin (BTC) could see further downward price pressure this week as network difficulty is set to drop the most in five months.Data from data resource BTC.com estimates that difficulty will drop by 8.3% at the next automatic readjustment in four days’ time.Difficulty set to repeat June readjustmentThe mining difficulty is

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Market Wrap: With Fed Rate Policy Unchanged, Bitcoin Passes $11K; Ether Options Bet on Price Below $400

Bitcoin’s price continues to move up, with a little help from the U.S. Federal Reserve, while ether traders are hedging in the options market. Bitcoin (BTC) trading around $10,979 as of 20:00 UTC (4 p.m. ET). Gaining 2% over the previous 24 hours.Bitcoin’s 24-hour range: $10,662-$11,099BTC above its 10-day and 50-day

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