On-Chain Data Reveals Decline in Bitcoin Hashrate —What Does It Mean?
TL;DR Bitcoin’s hashrate fell by 4% after reaching an all-time high of 755 million TH/s, currently standing at 723 million TH/s. The decrease in hashrate could reflect doubts among miners about the sustainability of the current bullish rally. Despite Bitcoin hovering around $92,000, the hashrate continues to show signs of deceleration rather than growth.
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