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Bitcoin’s Hashrate Plummets After Crypto Market Crash
Bitcoin’s hashrate has dropped more than 25% shortly after the flagship cryptocurrency’s price plummeted to a $4,000 low before recovering. According to CryptoCompare data, BTC’s price has tested the $10,000 barrier numerous times back in February but since then it has been dropping, with a dramatic plunge seen last week, in which it went from $7,100 to $4,000 in two days. Overall, the crypto market lost $90 billion at the time. The price drop was followed by a recovery to over $5,000, but has seemingly started to pressure miners, who have been betting on Bitcoin ahead of its upcoming halving event, expected to ... (full story)
