April 2024 Flashback? Bitcoin Hash Rate Decline Sparks Mining Concerns

Description

A sudden dip in Bitcoin’s hash rate has sparked discussions within the crypto community. Though fluctuations are not uncommon, the scale of this decline draws comparisons to past major disruptions. What does this mean for miners and network stability in the near term? Mining Slowdown? The Bitcoin network’s hash rate has experienced a significant short-term drop, currently at 807.26M TH/s (30DMA), down from its 30-day high of 997.4M TH/s. This decline suggests that miners are shutting down machin...