Bitcoin Holds Steady Around $4,000, Cost of Mining Continues to Drop24.38

Following yesterday’s market turbulence that sent the cryptocurrency markets down towards their 2018 lows, Bitcoin appears to have established the $4,000 region as a level of support. Some analysts expect that the cost of mining may be playing a role in the current market conditions.

At the time of writing, Bitcoin is trading up over 3% at its current price of $4,000. Although its price has not yet responded bullishly to this price region, it has held as support for the past couple of days and may prove to be a significant support region in the future.

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