Bitcoin
Why Bitcoin is up 1.1% in the last hour
Analysis
Bitcoin (BTC) rose 1.1% over the past hour as sentiment steadied following reports that calm returned to Asian markets and BTC held around the $78K area, helping support a small rebound. The move also coincided with upbeat industry headlines like Tether releasing an open-source operating system for Bitcoin mining, which may have reinforced confidence in the mining ecosystem.
Contributing Factors (3)
Tether releases open-source operating system for Bitcoin mining
Tether first announced plans for an open-source mining OS in June last year as it wanted Bitcoin miners to "enter the game" without expensive third-party vendors.
Asia Market Open: Bitcoin Steadies Around $78K As Calm Returns To Asian Markets
Bitcoin held near $78,000 on Tuesday as Asian stocks rebounded and US futures steadied on improving factory data. The post Asia Market Open: Bitcoin Steadies Around $78K As Calm Returns To Asian Marke...
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Meanwhile, MYX has notched an impressive daily surge.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.