Bitcoin Hashrate Plunges 11%—Are Miners Turning Bearish?

Description

After setting a new all-time high (ATH) earlier in the month, the Bitcoin Hashrate has seen a crash. Here’s what this could mean for the asset. 7-Day Average Bitcoin Hashrate Has Plummeted Since The Record The “ Hashrate ” refers to an indicator that measures the total amount of computing power that miners have connected to the Bitcoin network for the purpose of mining. The metric’s value is measured in terms of hashes per second (H/s), or the more practical exahashes per second (EH/s). When the...