AXS, LUNA and a handful of altcoins rallied to new highs shortly after Bitcoin price rallied to $49,200.
On Sunday bulls made their intentions clear by briefly pushing Bitcoin (BTC) price above the $49,000 level, a move that prompted many traders on crypto Twitter to call for the top-ranked digital asset to knock down the psychological resistance at $50,000.Data from Cointelegraph Markets Pro and TradingView shows that after trading in a range with an upper limit near $48,200 for several days, bulls managed to break higher and climb to an intraday high at $49,242, capping a 20% rally since trading at a low of $40,890 on Sept. 29.BTC/USDT 4-hour chart. Source: TradingViewThe weekend gains for Bitcoin come following a rollercoaster week that began with the markets struggling for momentum after a renewed regulatory crackdowns in China weighed on the market’s sentiment. By the end of the week, some positive news came from Federa
Hash rate and difficulty rebound shows miners have recovered from China exodus
Bitcoin mining profitability is up 275% since before the May 2020 halving. Bitcoin mining operations are on the…
