Bitcoin hashrate plunges: Do miners continue to threaten BTC’s future?

Quick Summary:

A sharp decline in Bitcoin's hashrate over the past few days raises concerns about miner capitulation.

A sharp decline in Bitcoin’s hashrate over the past few days raises concerns about miner capitulation.

If expenses continue to rise, and miners are forced to sell their holdings, downward pressure on BTC could be created which may cause a significant correction.

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Article Details

Author / Journalist: Himalay Patel

Category: Crypto

Markets: United States

Topics: Bitcoin Ambcrypto News News 1 Social BTC Trading View Trading View

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-02 @ 19:00:20 (6 days ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 523 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 21467270

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 17 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #103

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