VanEck: Increased Adoption May Provide Renewed Momentum for Bitcoin

Drop in Bitcoin Hashrate

According to VanEck, Bitcoin's hashrate has experienced its largest drop since April 2024 over the past 30 days. This decline is generally associated with miner capitulations and indicates that the market is closer to local lows.

Negative Hashrate Growth and Bitcoin Returns

According to research by VanEck, during negative periods in hashrate over the past 90 days, Bitcoin's returns over 180 days have shown a positive result of 77%. This situation presents an important signal for investors.