Bitcoin rate (BTC) under $ 9k – are miners the last hope?

Bitcoin price is still looking for ground and has dropped 0.3 percent in the last 24 hours to $ 8,923. From a weekly perspective, the Bitcoin price has therefore fallen by 9.2 percent. Since its last attempt at approaching $ 10,000 last Wednesday, the key crypto currency has lost about $ 1,000 in value and is currently trying to regain the $ 9,000 mark.

In the wake of the Bitcoin course, the altcoins must also fall. With a 24-hour drop of 1.1 percent, the ether price (ETH) was trading at $ 201.90 and fell 5.6 percent in a weekly comparison. With a decrease of 0.4 percent in a year-on-year comparison, the XRP price also buckles slightly and currently slips to $ 0.194. In the last seven days, the ripple coin has thus dropped by 5.1 percent. The IOTA rate (MIOTA), on the other hand, was down 0.8 percent on the day at $ 0.195 and had to drop 4 percent in the last seven days.

 

Hash rate odyssey pulls bitcoin rate

The Bitcoin network has been confronted with two drastic stress tests in the last three months, which are still casting their shadow on the Bitcoin course: the global shock of the financial markets due to the corona crisis and the halving of the Coinbase Rewards by the recent halving . Both still have an effect and can be seen in fluctuations in the network seismograph: the hash rate.