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RE: Bitcoin Hashrate Still Growing Despite The Lower Price - Is This A Bullish Sign?

in #bitcoin6 years ago (edited)

The finance world is becoming increasingly aware of the growing presence and influence of Bitcoin. Bitcoin’s hashrate has been growing exponentially in the last few months. While its price dropped from a nearly $20,000 all-time high in mid-December to about $6,750 at press time, its hashrate hasn’t stopped surging.
The over 600 percent increase saw various experts let out bullish forecasts, as an increment in hashrate means a growing number of entities are investing in the cryptocurrency.