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BTC’s Difficulty Adjusts as Its Collective Hash Rate Drops

Published 2022-12-06, 06:10 a/m
© Reuters BTC’s Difficulty Adjusts as Its Collective Hash Rate Drops

  • BTC’s price is down 1.85% over the last 24 hours.
  • The daily 9 EMA is acting as support for the market leader’s price.
  • Glassnode data shows that there has been another mining difficulty adjustment for BTC.

The price of the crypto market leader, Bitcoin (BTC), has fallen over the last 24 hours according to CoinMarketCap. At press time, the price of BTC stands just above the $17,000 level at $17,005.83 after a 1.85% drop in price. Nevertheless, the price of BTC is still up 3.28% over the last 7 days.

Daily chart for BTC/USDT (Source: CoinMarketCap)

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The post BTC’s Difficulty Adjusts as Its Collective Hash Rate Drops appeared first on Coin Edition.

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