🚨🚨🚨🚨🚨
Bitcoin is under pressure but beats expectations
The crypto market capitalisation is down 0.8% in 24 hours to $2.55 trillion. Bitcoin is losing 0.7%, Ethereum is down 1.1%, and the top altcoins are changing between -0.9% (Toncoin) and +1.1% (Solana).
Bitcoin's hashrate updated a record after the fourth halving. The index reached 676 Eh/s now. The moving average of BTC hashrate over the last 7 days exceeded 650 Eh/s, having reached 659 Eh/s at the beginning of the week. Bitcoin miner capacity increased after the halving, although the opposite was expected.
Bitcoin failed to build on Monday's gains and is losing ground on Tuesday. It is pulling back deep from the upper boundary of the trading range, trading at $68K. The lower boundary of the range (a potential target for bears) is below $60K. That said, the first cryptocurrency's ability to consolidate above $70K will break this bearish pattern.
