Bitcoin investors have de-risked as global macro headwinds increase. In particular, traders eye the proposed Fed rate hikes in March, opting for protective insurance over speculative calls.
Diving into the economics of Bitcoin with Cryptonites, some of the most prominent figures in the crypto space, including Michael Saylor, Erik Voorhees, Gordon Einstein, Rhian Lewis, and many more explain what makes this asset that is often called “digital gold”–superior to all other forms of money ever created.
In addition to a sharp plunge in its price, BTC saw a spike in its mining difficulty level. The number increased by almost 9% within 24 hours yesterday.