"Hot" list. Golden Finance reported that according to Glassnode data, the average Hash Rate of BTC has remained stable rise in the past year and will show a significant rise in 2024. Historically, Hash Rate usually corresponds to BTC's PA, reflecting the confidence of Miners and the broader market sentiment.
Recent charts show that despite Fluctuations in price following the Halving-induced pump, BTC's Hash Rate remains stable at a historical high of approximately 650 EH/s. This trend indicates that Miners are continuing to invest in network security, which may suggest an expected pump in price. Even in the face of market Fluctuations, persistent Hash Rate could signify a steadfast belief in the long-term value proposition of Bitcoin.
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"Hot" list. Golden Finance reported that according to Glassnode data, the average Hash Rate of BTC has remained stable rise in the past year and will show a significant rise in 2024. Historically, Hash Rate usually corresponds to BTC's PA, reflecting the confidence of Miners and the broader market sentiment.
Recent charts show that despite Fluctuations in price following the Halving-induced pump, BTC's Hash Rate remains stable at a historical high of approximately 650 EH/s. This trend indicates that Miners are continuing to invest in network security, which may suggest an expected pump in price. Even in the face of market Fluctuations, persistent Hash Rate could signify a steadfast belief in the long-term value proposition of Bitcoin.