Q: Analysis: Transaction fees account for less than 1% of Bitcoin miners’ revenue, and older mining rigs are facing profitability pressures. What impact will this have on the market?
A: When bearish news comes out, panic is often amplified. We’ll have to wait a few days to see the actual impact. I’d use the high before the news was released as the dividing line: holding above it would be a sign of strength, while falling below it would be a sign of weakness.
$BTC , up 1.15% intraday.
A: When bearish news comes out, panic is often amplified. We’ll have to wait a few days to see the actual impact. I’d use the high before the news was released as the dividing line: holding above it would be a sign of strength, while falling below it would be a sign of weakness.
$BTC , up 1.15% intraday.