GOROBRI
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Bitcoin: The drop in hashrate, a bullish signal for BTC?
A bullish signal? Bitcoin mining is extremely competitive: to remain competitive, miners must constantly upgrade their equipment, without guaranteeing their viability. Their activity primarily depends on the price of BTC; when it becomes too low, some are unable to cover their costs and are forced to shut down their machines. According to analysts at VanEck, these phases of miner capitulation could paradoxically represent a positive signal for the price of Bitcoin.
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