đș Results of the week: Bitcoin did not overcome $38,000, and miners earned a record $44 million per day
The first cryptocurrency failed to overcome the $38,000 level, mining difficulty reached a new high, inflation in the US slowed, investors stood up for the fired CEO of OpenAI and other events of the past week.
Bitcoin did not stay close to $38,000
On November 14, the US Federal Bureau of Labor Statistics reported a decrease in annual inflation to 3.2% in September. Experts considered this positive news for risky assets like Bitcoin, since the Fed may stop raising rates.
Initially, the first cryptocurrency practically did not react to the publication of data, but by the evening the market moved into a correction. Digital gold fell to $34,800, then recovered to ~$35,400.
The micro rally in the following days raised the rate close to $38,000 - on Binance the maximum was $37,980.
On the night of November 16-17, a new collapse below $36,000 followed.
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