Why Bitcoin's Price Has Stayed Above $50,000
What we have learned about bitcoin after the unexpected hash rate drop reinforces the bullish narrative.Emiliano Grodzki is CEO and a founder at Bitfarms, one of the largest public bitcoin mining operations in the world.What We Learned From Bitcoin’s Hash Rate DropBitcoin has been riding high of late. Yet over the weekend, panic ensued following a significant drop in its network hash rate, down roughly 49%, the biggest 24-hour reduction in Bitcoin’s history. Much is being speculated as to the cause of this, including coal mine explosions and electrical grid blackouts in the Chinese....
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