Prime Time
Intermediate
Daily Bits
AI Summary
Show More
Quickly grasp the article's content and gauge market sentiment in just 30 seconds!
Detailed Summary
Chart of the Day
The price of Bitcoin extended its decline to test support in the upper region of $46k after briefly bouncing back to $48k on Wednesday. Although the reclamation of the $50k-handle proved to be short-lived, the mining industry is staging a quiet yet sustained comeback. Bitcoin mining power has recovered 40% from July lows on the back of China’s strong-handed crackdown. Mining difficulty rose by 13%, signaling intensified competition as miners gradually return to the network.