Hi HODLers, Hiveans and Lions,
Cryptomarkets have been quite lately, politics have taken a front stage but it is impressive to see that #bitcoin is just 8% away from all time high! In addition, we also have some data showing that Bitcoin Miners have been stabilizing following the halving and there might be more investor interests coming to this specific sector.
Also, it seems that the US politicians strongly against Bitcoin adn crypto have lost the war and have been taking hits lately. Bitcoin supporters have been growing in DC's ranks and following JD Vance appointment, it seems like Republicans are becoming openly pro-crypto.
For Bitcoin miners, the hard times that began after April’s block subsidy halving event may be almost over.
The latest data from the hash ribbons indicator, tracked by onchain analytics firm Glassnode, which compares two iterations of Bitcoin’s hashrate, is teasing a recovery from a multimonth “capitulation” period.
Exciting times ahead!
Stay safe out there,