Bitcoin Hashrate Quietly Marches To New All-Time High Amid Price Rollercoaster

Quick Summary:

On-chain data shows the Bitcoin Mining Hashrate has witnessed a sharp rise towards a new all-time high amid all the chaos in the market.

As Capriole Investments founder Charles Edwards has explained in an X post, the Hash Ribbons flashed a very brief capitulation signal at the beginning of the month.

This renewed expansion from the miners has interestingly come while the cryptocurrency has been going through an uncertain period with its price displaying high volatility in both directions.

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Article Details

Author / Journalist: Keshav Verma

Category: Crypto

Markets: Hungary

Topics: Bitcoin hashrate Bitcoin All-Time High Bitcoin Btc Bitcoin Mining Hashrate Bitcoin News Bitcoin mining BTCUSDT

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-05 @ 09:00:17 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 437 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 17 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 25906849

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 13 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

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Publication Timezone: GMT +8:00

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Publisher ID: #105

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