From Investing.com: 2024-06-14 08:30:27

Bitcoin miners are unexpectedly capitulating, which could actually benefit the market. The hashrate has been increasing steadily for 18 months but is now declining, signaling miners quitting. This could be due to rising costs and decreased profitability. Lower hashrate leads to a difficulty adjustment, potentially stabilizing prices and increasing demand.

Source: https://u.today/bitcoin-miners-are-capitulating-whats-happening?from=investing

Read more at Investing.com: Bitcoin Miners Are Capitulating: What’s Happening? By U.Today