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Bitcoin Hashrate Sets New Record—Do Miners Think Bottom Is In?

  • Bitcoin hashrate sets a new all-time high (ATH), indicating miner optimism about the future of BTC.
  • The hashrate measures the total computing power connected to the Bitcoin network for mining.
  • When the hashrate increases, it suggests new miners joining or existing miners expanding their facilities, indicating a profitable venture.
  • Despite the bearish cryptocurrency market, miners are investing in expansion, expecting a bullish outcome in the long term.

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