Mining metrics suggest bullish sentiment for Bitcoin

10/10/2023 00:00
Mining metrics suggest bullish sentiment for Bitcoin

Bitcoin mining metrics show newfound confidence as hash rate continues to post new all-time highs throughout the year.

Mining metrics suggest bullish sentiment for Bitcoin Mining metrics suggest bullish sentiment for Bitcoin 1 min ago · 2 min read

Bitcoin's mining fundamentals signal a complex interplay between tech prowess and market sentiment.

2 min read

Updated: October 9, 2023 at 5:58 pm

Mining metrics suggest bullish sentiment for Bitcoin

Cover art/illustration via CryptoSlate

Bitcoin's hash rate, a measure of the network's computational power and security, has been steadily climbing to new all-time highs. But what does this really tell us about the Bitcoin ecosystem? To dive deeper into miner health and market sentiment, we must analyze the convergence and divergence of moving averages in the hash rate...

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