Bitcoin hashrate dropped by 15% from the October peak.

Bitcoin Hashrate Continues to Decline

Bitcoin hashrate, known as a measure of processing power, has experienced a drop of %15 from the peak levels in October. The rise in mining difficulty and compulsory sales by miners due to market conditions are among the main factors triggering this situation.

In the last 60 days, miner capitulation has significantly impacted the cryptocurrency mining sector. Mining operations are struggling to cope with increasing costs, and this situation brings with it the pressure to liquidate their assets in a short time.

Cryptocurrency mining continues to be an attractive opportunity for many investors, but the current market conditions seem to have put individuals and companies engaged in mining activities in a difficult situation. The impact of these developments on Bitcoin prices is being closely monitored by investors.