๐จ BREAKING NEWS: CryptoQuant CEO calls rising Bitcoin hashrate โindirect bullish signalโ from institutions
Public miners backed by major TradFi players are coming back online, boosting Bitcoinโs hashrate, a positive sign for BTCโs fundamentals, according to CryptoQuantโs Ki Young Ju.
Bitcoinโs rising hashrate represents an โindirect bullish signalโ from institutional investors that are backing several public Bitcoin miners, according to analytics platform CryptoQuantโs founder and CEO, Ki Young Ju.
โHigher hashrate means stronger security and better fundamentals as a store of value,โ wrote Ju in a Thursday Xpost, adding that he sees this as a bullish signal since public miners are largely backed by traditional finance (TradFi) institutions.
Hashrate is a measure of the computational power of a blockchain network, indicating how many hash calculations are performed per second.
๐ [ฤแปc toร n bแป bร i viแบฟt tแบกi bแบฃn gแปc](https://cointelegraph.com/markets/cryptoquant-rising-bitcoin-hashrate-indirect-bullish-signal?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)
๐ฐ Nguแปn: ๐ช CoinTelegraph
$BTC $ETH #BinanceSquare #CryptoNews
Public miners backed by major TradFi players are coming back online, boosting Bitcoinโs hashrate, a positive sign for BTCโs fundamentals, according to CryptoQuantโs Ki Young Ju.
Bitcoinโs rising hashrate represents an โindirect bullish signalโ from institutional investors that are backing several public Bitcoin miners, according to analytics platform CryptoQuantโs founder and CEO, Ki Young Ju.
โHigher hashrate means stronger security and better fundamentals as a store of value,โ wrote Ju in a Thursday Xpost, adding that he sees this as a bullish signal since public miners are largely backed by traditional finance (TradFi) institutions.
Hashrate is a measure of the computational power of a blockchain network, indicating how many hash calculations are performed per second.
๐ [ฤแปc toร n bแป bร i viแบฟt tแบกi bแบฃn gแปc](https://cointelegraph.com/markets/cryptoquant-rising-bitcoin-hashrate-indirect-bullish-signal?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)
๐ฐ Nguแปn: ๐ช CoinTelegraph
$BTC $ETH #BinanceSquare #CryptoNews