You are viewing a single comment's thread from:
RE: Looks like Bitcoin is holding steady at around $4,100
We could still be facing a nice correction down to the $3,000 zone. I think we need a breather in order for BTC to grow further. The reason why it hasn't risen the past few days is because the mining hash power has dropped 50% which has slowed the network to a crawl and increased the fees AGAIN.
Hash power dropped because it became more profitable to mine bitcoin cash for a while. With the price of bitcoin cash dropping more hash power will be restored to bitcoin.