Key takeaways
Bitcoin’s hashrate hit a historic 1 zetahash per second, however the worth motion stays caught under $113k. Regardless of sturdy shopping for curiosity and a hike in Open Curiosity, breaching resistance ranges shall be powerful.
Bitcoin’s [BTC] hashrate is within the information as we speak after it blasted previous 1 zetahash per second for the primary time ever! Now, whereas that’s a giant present of community power, the worth motion appeared to inform us a unique story.
On Binance, as an illustration, BTC noticed its strongest burst of shopping for in weeks, solely to stall out as soon as once more on the $112,500-ceiling. The failure to crack resistance might both imply heavy-handed promoting stress or patrons missing the conviction to push tougher.
What’s occurring?
