First Mover Americas: Bitcoin Unaffected by Bank of England's Super-Size Interest-Rate Hike

First Mover Americas: Bitcoin Unaffected 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.

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend