Cardano

Bitcoin

Security

BitTorrent

Coin

<ul class="wp-block-list news-points">
 <li>Bitcoin trades in a tight range as cautious investors keep volumes low.</li>
 <li>$220M in Bitcoin long positions liquidated after weak U.S. jobs data.</li>
 <li>Analysts highlight Bitcoin’s record hash rate, ensuring its top blockchain security.</li>
</ul>
Bitcoin (BTC) held steady over the weekend, trading between $54,000 and $55,000 despite a volatile market. Lower trading volumes reflected <a href="https://www.coindesk.com/markets/2024/09/09/bitcoin-grossly-undervalued-at-current-prices-traders-say-ahead-of-cpi-trump-harris-debate-week/" target="_blank" rel="noopener noreferrer nofollow">investor caution</a> following the U.S. jobs data, which triggered over $220 million in long position liquidations on Friday.
Other major cryptocurrencies followed a similar trend, with modest gains observed across Ethereum (ETH), Solana (SOL), Cardano (ADA), Ripple (XRP), and Tron (TRX). Mid-cap tokens, however, saw more significant gains, with memecoin Neiro (NEIRO) and the BitTorrent token (BTT) jumping 25%.
<h2 class="wp-block-heading" id="h-analysts-underscore-bitcoin-s-robust-network-security">Analysts Underscore Bitcoin’s Robust Network Security</h2>
While recent attention on Bitcoin’s price has largely been affected by macroeconomic factors, analysts Presto, Peter Chung, and Min Jung highlighted the importance of network security as a fundamental aspect supporting Bitcoin’s value.
They pointed out that the network hash rate of Bitcoin has hit a record high of 679 EH/s that m…
The post <a href="https://coinedition.com/bitcoin-price-stable-despite-market-fluctuations-hash-rate-soars/" rel="noopener noreferrer nofollow">Bitcoin Price Stable Despite Market Fluctuations, Hash Rate Soars</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin Price Stable Despite Market Fluctuations, Hash Rate Soars

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