HomeUncategorizedMining difficulty passes 50 trillion — 5 things to know in Bitcoin this week By Cointelegraph

Mining difficulty passes 50 trillion — 5 things to know in Bitcoin this week By Cointelegraph

May 29, 2023

[ad_1]


© Reuters.

(BTC) starts a new week in an altogether different mood as the weekly candle close brings a move higher.

The largest cryptocurrency, still stuck in a narrow range, is at last showing signs of life after several spikes to two-month lows.

annotated chart. Source: Rekt Capital/ Twitter
futures annotated chart. Source: Skew/ Twitter
Bitcoin network fundamentals overview (screenshot). Source: BTC.com
Bitcoin Miner Balance annotated chart. Source: Glassnode/ Twitter
BTC Amount of HODLed or Lost Coins chart. Source: Glassnode/ Twitter
BTC Number of Non-Zero Addresses chart. Source: Glassnode/ Twitter