What Does the Bitcoin Mining Council's Report Mean for Crypto Going Forward?
GB Market Commentary 26/04/2022 by Marcus Sotiriou Bitcoin surges above $40k and looks bullish on the daily time frame, as a bullish divergence on the RSI indicator has been confirmed. Yesterday, the Bitcoin Mining Council released a report showing mining efficiency rising by 63% YoY, and sustainable energy usage at 58%, marking the 4th quarter in a row above 50%. Furthermore, the network used 25% less energy YoY. These improvements are appealing for institutions who see envi