Correlation does not imply causation, but these 3 indicators did signal prior to Bitcoin’s recent push to $49,000.
Category: Hashrate
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Hashrate has now recovered to early June levels indicating that miners are coming back online after China’s crackdown.
Global BTC hashrates still down over 15% following accident, Dogecoin the subject of trademark applications, and government official mentions BTC […]
ASIC financing has driven Bitcoin’s hashrate to all time highs in 2020. By consequence, Bitcoin is less proftiable to mine […]