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Bitcoin Searches For A Bottom...And A New Narrative | Weekly Round Up

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Is Bitcoin Mining Going Down the Other Way?

Hashrate is a measure of computing power that's going towards securing the Bitcoin network. Traditionally, hashrate has been correlated with price. Over the last year or so, as the price of Bitcoin has been falling, the hash rate has been going up. The reason for this is miners have had a lot of access to cheap capital and they've borrowed money to fund their mining operations.

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