Bitcoin (BTC) may have hit six-week lows of under $20,000 but its network fundamentals are anything but bearish.
The latest on-chain data shows that, far from capitulating, hash rate and difficulty are making snap gains.
Data supports “doozy” difficulty jump
Despite being down around 7% in a week, BTC/USD is not putting off miners, who have recently exited their own multi-month capitulation phase.
Now, with hardware and competition returning to the network, fundamental indicators are firmly in…
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