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Bitcoin price may rebound as hashrate drops 4%: VanEck – TON BOT

Bitcoin price may rebound as hashrate drops 4%: VanEck

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Bitcoin’s network hashrate has dropped by 4%, the steepest decline since April 2024. This decline is seen as a signal indicating market lows and has historically led to positive price gains for Bitcoin. There is pressure on miners, traders, and short-term holders, but long-term holders remain confident. Corporate treasuries have been buying Bitcoin while exchange-traded product holdings have decreased. The current slowdown in hashrate is also influenced by external factors such as mining shutdowns in China. Overall, the market is showing signs of stabilization after a period of volatility.

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