$271K Solo Block Win Highlights Bitcoin’s Resilience as BTC Reclaims $85K
Solo miner makes 271,000 mining a block of Bitcoin numbered 928351 using rented hashpower, with BTC regaining the $85,000 support level and topping out between 89,000 and 90,000.
After briefly falling under the 85,000 mark, Bitcoin has recovered, indicating the continued strength of the market. Trading activity has shifted to more resistance areas.
One of the significant achievements was made by a single miner who mined block 928351 of Bitcoin. Cointelegraph on X states that the miner only rented a hashpower of less than 100 dollars, receiving a 3.152 BTC reward, which is worth approximately 271,000.
Source- Cointelegraph
You might also like:Bitcoin Activity Drops as Quantum Defense Debate Intensifies
Small Investment Delivers Massive Payout
The miner rented the computational power through NiceHash. Through this platform, users can purchase hashpower on a temporary basis. The likelihood of making it on the solo mining venture is extremely low.
This was a hard-to-come-by event that saw block 928351 enter the blockchain. The reward demonstrates the decentralized mining system of Bitcoin, which reveals that any user can mine a block, no matter its size.
You might also like: Bitcoin Long-Term Holders Break Pattern: $85K or $91K?
BTC Eyes $89K Resistance After Reclaim
Bitcoin dropped yesterday but regained its lost support of 85,000 in a short span. According to TedPillows on X, BTC has recovered this critical area, and the second resistance is around $89 000 and $90,000.
Source:TedPillows
A breakout above this level would be gross. TedPillows noted that a recovery of this amount would result in BTC surpassing the annual opening, which might trigger more purchase demand.
The reclaim of the 85,000 is an indicator of good underlying demand. The buyers intervened swiftly when the market was at its trough, and the market structure is bullish, though volatile in recent times.
You might also like: Why Does Bitcoin Always Bleed at 10AM? The Pattern No One’s Explaining
The post $271K Solo Block Win Highlights Bitcoin’s Resilience as BTC Reclaims $85K appeared first on Live Bitcoin News.
You May Also Like
Michael Saylor’s Bitcoin thesis: money or commodity?
Ethereum Finds Stability Above $2,700 Amid Macro Relief and Network Growth
