Mining difficulty dropped 9.13%, with Bitcoin mining difficulty falling to 134.82T
A look at both the bullish and bearish cases:
Bullish case: The news gives the market a story to focus on, which could attract more attention;
Bearish case: Sentiment is dampened, so short-term buyers may be more cautious;
My take: Both sides have a point. Ultimately, it comes down to how $BTC 's price and trading volume behave.
$BTC is currently at 64364.27, down 4.3% over 24h, with a 24h range of 62006–67523.05.
Personal notes only; this is not investment advice.
A look at both the bullish and bearish cases:
Bullish case: The news gives the market a story to focus on, which could attract more attention;
Bearish case: Sentiment is dampened, so short-term buyers may be more cautious;
My take: Both sides have a point. Ultimately, it comes down to how $BTC 's price and trading volume behave.
$BTC is currently at 64364.27, down 4.3% over 24h, with a 24h range of 62006–67523.05.
Personal notes only; this is not investment advice.