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Bitcoin hash rate has boomed 64% since March’s lows in trend positive for price

When Bitcoin fell from $7,700 to $3,700 within 24 hours in March, investors were claiming that the cryptocurrency was toast. As with every other crash, discussions began to crop up about “miner capitulation” or a “miner death spiral,” which is the theory that suggests when BTC crashes, miners will stop mining, liquidate their cryptocurrency, then […] The post Bitcoin hash rate has boomed 64% since March’s lows in trend positive for price appeared first on CryptoSlate. дальше »

2020-4-21 10:00


Bitcoin’s Correlation with S&P 500 Jumps to A New High, But So Does With Gold

The price of Bitcoin has jumped nearly 90% since hitting a year low in mid-March, currently trading above $7,300. Not just price, the hash rate has also started coming back up, increasing by 7.3%. This means inefficient miners have started to capitulate and are being replaced by efficiency miners, “which is positive for the long-term […] дальше »

2020-4-9 19:29


After The Crypto Price Crash During COVID-19, BTC Mining Hash Rate Has Regained 34%

A North American Bitcoin mining operator Bitfarms shared that they continued to mine BTC despite the violent sell-off triggered by investors' fear over the COVID-19. Interim CEO and Chief Strategy Officer, Emiliano Grodzki said, “We are pleased to see that, despite the challenges to traditional markets, our scale and quality of operations has allowed us […] дальше »

2020-4-8 21:28


Bitcoin Miners Are Shutting Off their Rigs as Hash Rate Drops 28% from ATH

The price of Bitcoin is keeping stable at around $5,000, currently trading at $5,325 with 24 hours gains of 5.79%. In the past 24 hours, $1.75 billion worth of bitcoin exchanged hands. The trading volume of the digital currency reached near record highs amidst the deep sell-off last week. On March 12th, bitcoin trading volume […] дальше »

2020-3-18 21:40


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BTC Ready to Take Off? These Bullish Fundamentals Are Driving Bitcoin’s Price Higher

Bitcoin’s hash rate has seen a very significant increase recently although the digital asset crashed down to $8,409 from the high of $10,500 just a few weeks ago. The increase of Bitcoin’s hash rate basically means that miners are dedicating more power and resources to mining Bitcoin, this basically implies that miners believe in the […] дальше »

2020-3-4 23:33