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Wednesday

28 July 2021

Bitcoin rebounds to $31.6K but warnings of another BTC price plunge are everywhere

Bitcoin rebounds to $31.6K but warnings of another BTC price plunge are everywhere


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Bitcoin (BTC) continued its bounce from its 2021 opening price on July 21, hitting $31,600 in what some fear is just a temporary reprieve from downside.

Hash rate was nearing 100 exahashes per second (EH/s) at the time of writing, edging closer to all-time highs of 168 EH/s from before the infamous China mining rout.

Crypto players more broadly will be watching for cues from the event, which features Musk in discussion with ARK CEO Cathie Wood and Jack Dorsey, CEO of Twitter and payment company Square.

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cointelegraph.com
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