Bitcoin’s struggle for momentum continues amid ‘mining difficulties’

A PayDepot Bitcoin ATM machine is pictured in a shop in Union City, New Jersey, US. Photo: Reuters

Cryptocurrencies were broadly higher on Friday but bitcoin remains below the $50,000 (£36,462) mark amid mining difficulties.

Bitcoin (BTC-USD) hit a three-month high above $50,000 on Monday. It was up 0.7% on Friday morning but was trading at $47,271.

Ethereum (ETH-USD), the second biggest crypto by market cap, ticked up 0.8% to trade at $3,114.

Forbes reported that “mining difficulty”, a score…


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