The bitcoin mining difficulty ribbon, comprising short- and long-duration simple moving averages on the mining difficulty, has compressed for the first time in over a year, indicating miner capitulation. The previous bear markets, including the one seen in 2014, ended with the ribbon compression, data provided by analytics firm Glassnode show.
Infrastructure Companies Dominate List of Finalists for Consensus 2024 Pitchfest
1Konto Inc. (United States, Open Payment and Exchange Systems)Bloqcube Inc (United States, Web3 and Blockchain Infrastructure)ChainPatrol (United States, Web3 and...