Source: Coindesk.com
Miners are increasing their network hashrate despite a recent drop in bitcoin prices, signaling a positive sentiment after a capitulation event that has typically marked price bottoms. A significant miner capitulation was observed with a spike in Bitcoin outflows to 19,000 BTC on August 5, the highest since March 18. This came as bitcoin's price touched $49,000,
Read More https://www.coindesk.com/markets/2024/08/14/bitcoin-miner-capitulation-and-record-high-hashrate-points-to-possible-price-bottom-cryptoquant/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The post "Bitcoin Miner Capitulation and Record High Hashrate Point to Possible Price Bottom: CryptoQuant" appeared first here Coindesk.com.
Source: Coindesk.com
