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Bitcoin hashrate barely dropped after price crash to $3,600: here’s why it’s a positive sign Bitcoin hashrate barely dropped after price crash to $3,600: here’s why it’s a positive sign

Bitcoin hashrate barely dropped after price crash to $3,600: here’s why it’s a positive sign

The hashrate of the Bitcoin blockchain network barely flinched as the price of BTC plummeted to $3,600, by around 50 percent within a 24-hour span.

Bitcoin hashrate barely dropped after price crash to $3,600: here’s why it’s a positive sign

Cover art/illustration via CryptoSlate

The hashrate of the Bitcoin blockchain network barely flinched as the price of BTC plummeted to $3,600, by around 50 percent within a 24-hour span.

It may indicate that big mining firms have not capitulated amidst the drop, going in line with theories put out by respected industry executives.

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