Bitcoin Heads for Ninth Consecutive Red Weekly Candle

Bitcoin Heads for Ninth Consecutive Red Weekly Candle

May 29, 2022 0

Bitcoin appears to be on a precipice as trading volumes dry up. Key Takeaways Bitcoin is about to close its ninth consecutive red candle on the weekly chart. BTC has lost more than 22,800 points in market value over this period. Now, it all depends on whether BTC can hold above $29,000. Bitcoin appears to […]

Why We Can’t Trust Hash Rate Data From China

Why We Can’t Trust Hash Rate Data From China

May 19, 2022 0

The changing proportion of Bitcoin network hash rate emanating from China can be explained by the inherent flaws in how this data is collected. China has “re-emerged” as a major bitcoin mining hub in 2022, representing more than 20% of the Bitcoin network’s hash rate, according to new data from Cambridge’s Centre for Alternative Finance […]