Category: Market Analysis

Bitcoin network’s computing power: Is it an accurate predictor of BTC price?

Bitcoin network’s computing power: Is it an accurate predictor of BTC price?

Hash rate refers to the overall computing power involved in validating transactions on the Bitcoin (BTC) blockchain. As reported by Cointelegraph, more power suggests greater network security and interest in the profitability potential of mining Bitcoin. Hash rate a function of Bitcoin’s value A hash rate increase is often associated with the expectation of BTC […]

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