Plus: China’s Bitcoin crackdown, and why bitcoin isn’t a “boomer coin.”
Bitcoin sentiment is improving despite profit taking into July.
The technical charts suggest further downside is likely as sellers react to extreme overbought conditions since March.
The U.S. central bank also increased estimates of coming inflation to 3% from the 2.2% projection in March, largely due to transitory factors.
The outages took place shortly before mining operations usually move from the coal-rich Xinjiang region to the rain-rich region of Sichuan.
Bitcoin's hashrate is moving with the crypto's price as old and new mining machines come online.
Bitfarm shares have soared 230% in December.