Bitcoin Hashrate Drops 15% as Miner Capitulation Continues
Bitcoin’s network hashrate has fallen nearly 15% from its October peak, signaling ongoing pressure across the mining sector. The decline suggests that miner capitulation has now stretched close to 60 days, as rising operational costs and reduced profitability force less-efficient miners to shut down or exit the market.
Bitcoin ($BTC ) is up ~0.6%, trading around $117,000 with strong market activity. 🟢 $XRP climbed about 3.3%, while BNB surged over 4% and Solana ($SOL ) jumped ~4.9% today. Altcoin sentiment is bullish as traders react to macro cues and ETF flows. #CryptoNewss #BinanceSquare