Largest difficulty drop since July 2021 — 5 things to know in Bitcoin this week By Cointelegraph

Largest difficulty drop since July 2021 — 5 things to know in Bitcoin this week

Cryptocurrency May 23, 2022 06:00AM ET

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Largest difficulty drop since July 2021 — 5 things to know in Bitcoin this week

Bitcoin (BTC) is off to a better start than most this week as bulls avoid serious losses into the weekly close.

Still heavily tied to declining stock markets, the largest cryptocurrency is nonetheless defending $30,000 on May 23 and eyeing the top of its post-Terra (LUNA) trading range.

Bitcoin miner outlow volume 7-day moving average chart. Source: Glassnode/ Twitter (NYSE:TWTR)

Bitcoin total transfer volume 7-day moving average chart. Source: Glassnode

Crypto Fear & Greed Index vs. BTC/USD chart (screenshot). Source: LookIntoBitcoin

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Largest difficulty drop since July 2021 — 5 things to know in Bitcoin this week

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