New Bitcoin’s support levels, OTC trades and Bitcoin futures: Molly Jane talks with Patrick Heusser from Crypto Finance AG about what’s going on with Bitcoin and the whole cryptocurrency market.

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Patrick Heusser on Bitcoin: “Markets Do Not Look Bullish” | Crypto Markets

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15 COMMENTS

  1. If I could ask Mati G a question I would ask what he thinks is the correlation between BTC price and the network hash rate/and or network difficulty is? I believe there is a strong parity between Cost Of Production for BTC (electricity, equipment, lease etc) and the price which is partly why it never fell below that $3,100 support. That area was roughly where the Chinese miners were still able to profitably mine (low $3K price) whereas many US companies would be operating at a loss with our electricity rates being higher.

    Adjustments in BTC mining difficulty over the past six months or so made it cheaper to mine and more miners came back online as a result thus leading to increased hash rates. Could the miners themselves be reinvesting their profits into cryptocurrencies perhaps?

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