Bitcoin’s mining difficulty suddenly dropped. The move down indicates that inefficient miners are going out of business. The capitulation of weak miners is long-term bullish for the dominant cryptocurrency. Bitcoin’s slow descent from the 2019 high of $13,880 to its current level of $8,130 is starting to put weak miners out of business. Over a […]
The post Capitulating Miners Before the Halving Is Bullish for Bitcoin appeared first on CCN.com
source https://www.ccn.com/capitulating-miners-before-halving-bullish-for-bitcoin/
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