BTCs technicals continue to look strong, with many analysts claiming that a year-end target of AU $350k may still very much be achievable for the digital currency.Bitcoin stored across all CeFi exchanges has dropped to its lowest levels in over a year, signalling the return of a more HODL-centric mentality amongst investors.After China's recent mining ban which resulted in Bitcoin's computing power dropping to all time lows, the currency's hash rate has made an impressive recovery.The past few hours have been extremely rocky for Bitcoin, with the world's largest cryptocurrency by total market capitalization, currently being faced with an extremely high level of volatility. In this regard, the flagship crypto's value has dipped by an insane 4.5% over the last 120 odd minutes. At press time, BTC is trading at AU $62,900.
0 Comments