
Bitcoin hashrate hits all-time high as Bitcoin holds above $20k
Hashrate increases causing pressure on Bitcoin miners while investment into the space continues
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The $1.7 trillion in savings will allow households to spend in a way that keeps demand strong despite soaring rates, which could continue feeding inflation and push the Fed to rise rates even further.

The wMarket Update condenses the most important price movements in the crypto markets over the last 24 hours, published 07:30 ET on weekdays.

Bitcoin price stagnation sets in following last week's rally to $21,000. However, the green shoots of a "generational buying opportunity" are still in play at current price levels.

Roughly $2.5 billion worth of Bitcoin left Binance marketplace over the weekend, which is the largest purchase of 2022.

The wMarket Update condenses the most important price movements in the crypto markets over the period, published 07:00 ET on weekdays.

If Argo fails to secure another strategic investment, the cash-strapped company could shut down in the coming months.



