letra de mining pool operator says- ‘bitcoin hash rate follows price’ - hellen jones
hash rate follows price
though bitmain’s new s17+ miners have punched the markets in the recent time. in spite of that, old miners still dominate the total hash rate. the ascending rate [url=https://www.cryptoknowmics.com/news/mining-pool-operator-says-bitcoin-hash-rate-follows-price]portrays the signal[/url] strength of the complete network. though the high hash rate strengthens the network, it also accelerates the selling pressure on the market. statistically, it can be viewed that ribbon is still in a position of the squeeze in spite of rising rate
thus, according to the latest crypto news, the prolong price range along with new miners could further cause surrendering of old miners. nevertheless, an uptrend in price could amplify the ribbon reinforcing a bull run
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