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Bitcoin’s Hashrate Fall Affects Bitcoin Price

2019-11-09 10:04:28

Pass 30 days saw the major price fluctuation of bitcoin from going down to $7536 to gaining a 40% correction in the value. In spite of the major recovery of Bitcoin, its hashrate fell significantly, with miners seemed to be holding back hashing power in the short-term. This year’s bitcoin hashrate recorded a tremendous growth of over 120 percent and which is why when the hashrate drop it was quite shocking. Hashrate drop also affected Bitcoin’s value as it went below $9,000 mark.

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