Q: Fee revenue has remained below 1%, and older Bitcoin mining machines are facing profitability pressures. What impact could this have on the market?
A: This is a somewhat bearish development, and it has dampened intraday confidence to some extent. The long-term impact remains to be seen. A convincing breakout or breakdown needs to be accompanied by volume; moves without volume often return to the previous range.
$BTC (24h +1.2%).
#BTC
A: This is a somewhat bearish development, and it has dampened intraday confidence to some extent. The long-term impact remains to be seen. A convincing breakout or breakdown needs to be accompanied by volume; moves without volume often return to the previous range.
$BTC (24h +1.2%).
#BTC