Bitcoin Hashrate Sinks Deeper Than During March Crash – Will BTC Price Follow?

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Bitcoin Hashrate Sinks Deeper Than During March Crash – Will BTC Price Follow?




Bitcoin’s hashrate has been on a steady decline ever since the halving a couple of weeks ago. The network’s computing power has now nosedived further below 100TH/s. The fall is even more astounding given that the hashrate is now at a level lower than the one witnessed following the mid-March crypto market fiasco. Data from Blockchain.com shows that bitcoin’s hashrate now stands at a relatively lackluster 91TH/s.

Does this significant drop in the hashing power suggest that BTC price could see a deeper correction in the near-term?

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