Bitcoin (BTC) is holding steady around $81,500, staging a resilient recovery after a turbulent week that briefly pushed the asset down to a monthly low near $79,800. The market is navigating active macro headwinds, driven by escalating geopolitical tensions and recent net outflows from spot Bitcoin ETFs totaling over $409 million.
Adding to the pressure, the Bitcoin network underwent a massive security adjustment. The mining difficulty surged by 5.92% to a record 140.58 trillion, marking the third-largest upward difficulty adjustment of the year. This spike indicates that global computing power competing to secure the blockchain remains remarkably high, even as thinner profit margins stress less-efficient miners.
Despite the immediate pressure, long-term indicators remain cautiously optimistic. On-chain data shows massive accumulation, with whales adding over 16,000 BTC during the dip. Traders are closely monitoring the crucial $80,000 psychological floor. Maintaining this support is essential for bulls to target a breakout back toward the $84,000–$87,000 range in the coming weeks.
#Bitcoin #CryptoNews #BTC
Adding to the pressure, the Bitcoin network underwent a massive security adjustment. The mining difficulty surged by 5.92% to a record 140.58 trillion, marking the third-largest upward difficulty adjustment of the year. This spike indicates that global computing power competing to secure the blockchain remains remarkably high, even as thinner profit margins stress less-efficient miners.
Despite the immediate pressure, long-term indicators remain cautiously optimistic. On-chain data shows massive accumulation, with whales adding over 16,000 BTC during the dip. Traders are closely monitoring the crucial $80,000 psychological floor. Maintaining this support is essential for bulls to target a breakout back toward the $84,000–$87,000 range in the coming weeks.
#Bitcoin #CryptoNews #BTC