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Bitcoinist
2020-01-16 00:30:24

Are Bitcoin Hash Rates and Difficulty Really Related to BTC Prices?

Today’s crypto pump may all be about the altcoins but on-chain bitcoin metrics have shown continual improvement over the past year. Hash rates are at all-time highs just as BTC price taps a two month peak, but are they connected? Fundamental Metrics Strengthen Hash rate has always been considered a good sign of network health. It is not directly correlated to price in the shorter term but does increase network security and horsepower over aRead More The post appeared first on Bitcoinist.com.