Bitcoin Regains Momentum on Federal Reserve Bailout

At the moment, Bitcoin is trading at $6,404 after climbing almost 8% in the last 24 hours. Specifically, the top 10 assets have all posted gains in the same period. Ether (ETH) is up 5.26% at $131.97, with XRP up 3.42%, trading at $0.1577.

Bitcoin seems quite bullish and rose as high as $6,600 before retracing. Bitcoin did print an impressive green candle, and its trajectory seemed quite positive. However, it has not crossed $6,800, a significant resistance level.

There is also the chance that the upcoming Bitcoin halving could be delayed. The recent crash in price discouraged miners, causing a lot of them to pause mining activity. This has slowed the average block time to 14 minutes from 8 minutes, spurring the fear of a halving delay.

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