In last Thursday’s Daily Dive, we covered the hash ribbons indicator and what it meant for the price of bitcoin. Since that writeup, hash rate has fallen even more, and it seems that the exodus out of China is the catalyst. Since the beginning of May when hash rate was at an all time high, hash rate on the Bitcoin Network has fallen by approximately 29.6%.
The Daily Dive #008 - Hash Rate In Free Fall
The Daily Dive #008 - Hash Rate In Free Fall
The Daily Dive #008 - Hash Rate In Free Fall
In last Thursday’s Daily Dive, we covered the hash ribbons indicator and what it meant for the price of bitcoin. Since that writeup, hash rate has fallen even more, and it seems that the exodus out of China is the catalyst. Since the beginning of May when hash rate was at an all time high, hash rate on the Bitcoin Network has fallen by approximately 29.6%.