The $BTC hashrate has ended its downward trend and is showing a gradual increase.
Increased miner activity acts as a positive factor for the $BTC price.
Historically, BTC has saw a bullish trend when the hashrate increase. Of course, the relationship works the other way around as well, miner activity increases when the price of BTC rises.
An increase in hashrate means a rise in the mining cost, which signifies an increase in the value of $BTC
.
Increased miner activity acts as a positive factor for the $BTC price.
Historically, BTC has saw a bullish trend when the hashrate increase. Of course, the relationship works the other way around as well, miner activity increases when the price of BTC rises.
An increase in hashrate means a rise in the mining cost, which signifies an increase in the value of $BTC
.
