On this edition of the Crypto.IQ Daily Radio Show we do a deep dive market analysis. Bitcoin (BTC) has hit $6,000 for the first time since November, but despite this altcoins are in the red this morning. Weakness in the stock market may be contributing to Bitcoin’s (BTC) price rise in recent months. We discuss how a ‘reorg’ to reverse the Binance hack is essentially the same as a 51% attack. Miners would have been bribed by Binance to perform the attack via an extremely high transaction fee. It is a good thing that Binance chose not to attempt this since it would have caused major fighting in the crypto space and a blockchain split, and ultimately this would have tarnished Bitcoin’s (BTC) immutability and reputation. Learn about how Bitmain has lost 88% of their hash rate, but this has ended up making the Bitcoin (BTC) network healthier and more decentralized.
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