Bitcoin seems to stabilize
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Bitcoin has pushed deeper into bear market territory amid its latest sell-off, with the crypto down 37% from its October all-time high.
Bitcoin's price decline has dragged hashprice to an all-time low, setting the stage for the largest negative difficulty adjustment since China's bitcoin mining ban.
Bitcoin fell as low as about $74,500 early Monday, dipping below Strategy's average purchase price of $76,052 per token.
Bitcoin price crash analysis shows this 10% drop was not driven by just derivatives. The real BTC price trigger came earlier.
18hon MSN
Why Bitcoin is in a bear market: Analyst points to 3 factors after currency swoons below $75,000
The original cryptocurrency recovered slightly on Monday.
But one major player is doubling down on Bitcoin mining and giving it another shot after shutting down one of its mining facilities. Tether, the issuer of the world's largest stablecoin by market cap, is coming up with a new strategy to improve the process of Bitcoin mining.
Volatility, historical timing, and relative value signals raise questions around a potential blow off top for Silver.