BTCHash Rate First Rebound Since Halving

Golden Finance reported that according to the CryptoQuant Hash Ribbons indicator, the Hash Ribbons indicator has just issued a signal of the end of Miner Capitulation, while the Hash Rate has reached a new peak of 638 exahashes (EH/s) per second, marking the first rebound since the Bitcoin Halving. CryptoQuant explained: “Although this indicator is not designed to accurately indicate the bottom of the price, it usually signals a reduction in Miner dumping pressure before the price pumps.”

BTC-1.79%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
MupyMup_R15vip
· 2024-08-21 05:15
Halving BTC will lead to a moonshot 🚀
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)