Luxor Q1 report predicts Bitcoin hash price recovery over next five months

Mining pool and hash rate market Luxor released the Q1 2024 Bitcoin mining status report. The report suggests that the hash price may have bottomed out at least in the short term, and is expected to rise in the next five months, based on the expectation of rising transaction fees or a decrease in mining difficulty. In addition, Luxor's hash rate futures trading for October is higher than the current spot price, also known as Contango. The report shows that hash rate traders are optimistic about transaction fees in the short term.