BTC has experienced a rally of over 9% since a recent incident, surging to a high of about $63,790 on Monday. At the same time, mining stocks recorded a gain of approximately 10% during the session on Monday. Many individuals believe that the recent event has immediately boosted the election odds for Trump in November. Trump is widely seen as the pro-crypto candidate, having publicly supported Bitcoin mining in the U.S. Analyst Mike Colonnese, CFA, wrote that the markets rallied post the incident due to these factors.<\/p>\n
The overhang on BTC prices has been relieved, with U.S. spot BTC ETFs witnessing over $1 billion in net inflows last week, acquiring more than 18,000 BTC. The movement of 47,228 BTC from a Mt. Gox-associated cold wallet has triggered market reactions. Additionally, the selling pressure from miners continues to impact prices following a recent halving that reduced mining rewards by 50%.<\/p>\n
The network hash rate has increased by 2.7% to 598 EH\/s, while the network difficulty has remained at 79.5T following a 5% adjustment on July 4.<\/p>\n","protected":false},"excerpt":{"rendered":"
BTC has experienced a rally of over 9% since a recent incident, surging to a high of about $63,790 on Monday. At the same time, […]<\/p>\n","protected":false},"author":1,"featured_media":2640,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[139],"tags":[],"class_list":["post-2641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-btc"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/2641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/comments?post=2641"}],"version-history":[{"count":0,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/2641\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media\/2640"}],"wp:attachment":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media?parent=2641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/categories?post=2641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/tags?post=2641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}