Bitcoin Hashrate Drop: Bullish Signal for Price?
Update: 2025-12-23
Description
Bitcoins hashrate decline, the largest since April, could signal a bullish trend for its price. Historically, miner capitulation and hashrate compression have led to positive returns, with ninety-day forward returns being positive sixty-five percent of the time. Bitcoins current price drop, coupled with plunging breakeven electricity costs, may force miners to shut down, but thirteen countries are still supporting the industry. The potential price rebound is worth watching for.
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