Former Bloomberg analyst: BTC's hash rate is on a downward trend
Former Bloomberg analyst Jamie Coutts CMT posted on social media that BTC's hash rate is in a downward trend, which usually indicates the bottoming out and reversal of bearish crosses after the halving in May. However, this is based on the premise that the downward trend has stabilized and the market is still digesting oversupply. Notably, the percentage difference between 30-day and 90-day moving averages is consistent with previous hash rate contractions, but not as severe as after the halving in 2020.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SafeMoon founder Braden Karony sentenced to 100 months in prison
Trending news
MoreThe Energy Information Administration (EIA) said on Tuesday that electricity consumption is expected to further increase in 2026 and 2027, with power demand projected to rise from a record 4,195 billion kilowatt-hours in 2025 to 4,268 billion kilowatt-hours in 2026, and to 4,372 billion kilowatt-hours in 2027. Part of the demand growth is due to the rapid expansion of data centers, as well as increased use of electricity by households and businesses for heating and transportation, reducing foss
The Brazilian National Association of Grain Exporters (ANEC) has raised its estimated soybean export volume for February from 11.42 million tons to 11.71 million tons.
Crypto prices
More
