Watch your ass,” he commented. According to Garner’s chart, the potential bottom level for the resulting price losses this time appears to be at $11,300 — a drop of 15.4% from the local high. BTC/USD chart with BLX entry and exit points highlighted. Source: Cole Garner/Twitter Fidelity researching mining derivatives Bitcoin has retained $13,000 as broad support for almost a week, with only brief dips below that level contrasting the general bullish market atmosphere. As Cointelegraph reported, network fundamentals have begun to trend downwards from all-time highs, something that could potentially signal a brief reshift of miner sentiment and associated price pressure. Among network participants, however, the overall sense is one of a maturing market, with hash rate still an order of magnitude higher than just two years ago. To manage risk, miners should thus turn to derivatives products dedicated to the hash rate as the industry becomes larger and more competitive. Currently researching this new format of derivative product is asset manager Fidelity, a company famous for its Bitcoin support.

https://apnews.com/press-release/kisspr/technology-business-cryptocurrency-personal-investing-financial-technology-32f7d601790b602187345a3ccecf2eb1