🔥The number of miners #Bitcoin shutting down has increased, reaching the same level as in December 2022. At the same time, the hash rate (a measure of the computing power of the Bitcoin network) has decreased significantly, specifically is 7.7%. This situation is reminiscent of the period after the collapse of the FTX cryptocurrency exchange.
The fact that many miners are shutting down and the hash rate is falling could be a sign that market conditions are unfavorable, perhaps because Bitcoin prices have dropped or mining costs have increased, causing Bitcoin mining activity to decline. less profitable.
