Bitcoin Analysis: Hashrate Down
Hashrate, which represents the computing power deployed by miners to secure the Bitcoin network and validate transactions, has fallen by more than 4%. After reaching an all-time high of 755 million TH/s, it has now dropped to around 723 million TH/s.
This decline raises questions about miner profitability and could reflect challenges related to energy costs or market competitiveness.
Do you think this could influence the price of Bitcoin?