Odaily Star News BTCMining difficulty reached a historic high of 114.7T after a 5.6% increase last weekend. This coincides with the Hash Ribbon indicator, indicating that the price may have bottomed out. According to data from Glassnode, Miner Capitulation began in early February. BTC has fallen by more than 4% this month. As the difficulty increases, competition in mining becomes more intense, bringing more pressure to miners. The BTC mining output data for January reflects this, and Riot Platforms (RIOT) is the only large listed miner to report a monthly production rise. (Coindesk)
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BTCMiner 'Capitulation' and hash ribbon indicator suggest that the price may be bottoming out
Odaily Star News BTCMining difficulty reached a historic high of 114.7T after a 5.6% increase last weekend. This coincides with the Hash Ribbon indicator, indicating that the price may have bottomed out. According to data from Glassnode, Miner Capitulation began in early February. BTC has fallen by more than 4% this month. As the difficulty increases, competition in mining becomes more intense, bringing more pressure to miners. The BTC mining output data for January reflects this, and Riot Platforms (RIOT) is the only large listed miner to report a monthly production rise. (Coindesk)