Bitget App
Trade smarter
Bitcoin's hash rate rebounds for the first time since halving
Bitget2024/08/21 05:12
According to the Hash Ribbons indicator by CryptoQuant, the Hash Ribbons just issued a signal indicating the end of miner capitulation. Meanwhile, the hash rate reached a new peak of 638 exahash (EH/s) per second, which is the first rebound since Bitcoin halved. CryptoQuant explained: "Although this indicator is not intended to accurately point out price bottoms, it usually issues signals of reduced selling pressure from miners before prices rise."
0
0
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.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$115,472.01
+0.27%
Ethereum
ETH
$4,284.14
-0.70%
XRP
XRP
$3.01
+1.62%
Tether USDt
USDT
$1
-0.01%
BNB
BNB
$844.1
+0.81%
Solana
SOL
$181.65
+0.10%
USDC
USDC
$1
+0.02%
TRON
TRX
$0.3502
+1.22%
Cardano
ADA
$0.9282
+1.28%
Dogecoin
DOGE
$0.2189
-1.57%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now