Last weekend, the bitcoin exchange rate consolidated with a bearish bias, but the decline was limited. The main cryptocurrency was trading near the psychological mark of 60 thousand dollars, while growth attempts were limited to the $62,500 zone. On Monday, the quotes at the moment dropped to $ 59,300, where they met support and bounced into the zone of positive values, settling around the level of $ 62 thousand during afternoon trading.
After a fresh recalculation, the complexity of mining on the last day of October increased by almost 8%, having increased for the eighth time in a row. So, in three months, the difficulty of mining coins increased by 47%, recovering from the collapse against the backdrop of China’s tough policy, which eliminated mining in the country.
Meanwhile, the American car dealer Post Oak Motor Cars began accepting bitcoin to pay for the purchase of their cars
The first one sold for cryptocurrency was the Rolls Royce Ghost. Operations are carried out through a partnership agreement with New York Digital Investment Group. In addition, Post Oak Motor Cars employees will now be able to receive part of their salaries in BTC.
Among other industry news, it should be noted that the co-founder of PayPal (NASDAQ:PYPL), Peter Thiel, called for actively buying bitcoin, since its price in the region of 60 thousand dollars, reflecting real inflation, indicates an impending crisis. Thiel has previously made calls to buy the main digital currency, complaining about insufficient investment in bitcoin.
If in the near future BTC is able to defend the level of $ 62 thousand and confirms the recovery above the 20-day moving average at the close of the trading day, this will signal a further rise with the primary goal of $ 63,700, where the highs of last week are.