Bitcoin traded under its power-law floor this morning. At 6:05 a.m. the box's Coinbase read showed $67,203, against a floor of $67,357 for November 13, a multiple of 0.998. Friday's close of $68,237 held the line at 1.013 times. Bitcoin.com puts the Saturday low near $66,580, or 0.99 times the floor by Hashpoint arithmetic. Yesterday's confirming print for the thesis also landed: STRC closed at $99.91, five cents lower, with the 10-year at 5.15%.
The box's November 13 bands set the floor at $67,357, the median at $160,375 and the ceiling at $481,124. Price sits at 0.42 times the median. A day ago the 6:05 read stood $1,950 above the floor line. This morning it sits $154 below it.
CoinGecko shows $67,068, down 2.6% in a day and 12.0% in a week, with a 24-hour range of $66,492 to $70,045. CoinDesk reports a break of the 200-week moving average near $68,000.
The network retargeted at block 975,744 just after midnight Eastern. Mempool.space records a 9.13% cut, which takes difficulty to about 134.8 trillion from 148.4 trillion by Hashpoint arithmetic. Slow blocks forced it: the box measured a 769-second average interval against the 600-second target.
Continued at bitcoinhashpoint.com →