Simple Factors Show Bitcoin’s Hash Rate Will Continue Dropping; Here’s Why This is Bullish

Date : 04/01/2020 @ 12:30AM
Source : NEWSBTC
Stock : Bitcoin (BTCUSD)
Quote : 9573.92000000  150.02000000 (1.59%) @ 7:09AM
Bitcoin share price Chart

Simple Factors Show Bitcoin’s Hash Rate Will Continue Dropping; Here’s Why This is Bullish

Bitcoin’s recent volatility did some severe technical damage to its market structure, and also led to mass capitulation amongst BTC miners, with the crypto’s decline from $10,500 to lows of $3,800 making it no longer profitable for many smaller mining operations. Miner’s ongoing capitulation is illustrated while looking towards Bitcoin’s hash rate, which has seen...

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