Two signs of miner capitulation are dwindling hashrate and mining revenue by hash (hashprice), both of which are down significantly this month, with hash rate plunging by 7.7% since the halving at hashprice nearing all-time lows. Hashrate is the mining power in the Bitcoin network, and hash price refers to the revenue miners earn from a unit of hashrate.
Related posts
-
Is Dogwifhat (WIF) Out? Price Tanks 15% On Whale Exodus
Dogwifhat, the once-high-flying Solana-based meme coin, suffered a brutal week, mirroring a broader crypto market correction... -
Mantra surges 22% despite Bitcoin sell pressure, Multiverse shines
Mantra (OM) is up over 8% in the past 24 hours, amid broader crypto market volatility.... -
Inflows to US spot Bitcoin ETFs spike $143.1m, investors buy dip
Spot Bitcoin ETFs, or exchange-traded funds, experienced their highest inflows on July 6 following a substantial...