Bitcoin Miners Don Boost Hash Rate As Economic Uncertainty Dey And Tariff Go Increase
Even though world economy dey shake and Bitcoin price no dey perform well lately, miners dey expand their work gan gan, wey dey push the hash rate to the highest level ever. This trend show say dem get strong belief say Bitcoin go make money for them for future. Wetin dey contribute to this na the wahala wey dey come for tariff on top mining equipment, wey dey push miners wey dey U.S., wey control more than 40% of the hash rate, to invest plenty money while the money wey dem dey spend still dey manageable. Even though hash price, or money wey dem dey make per terahash, dey at the lowest level ever, Hash Ribbons Indicator buy signal wey just happen dey ginger miners to believe more. This situation dey show say price fit jump up for future if miners still dey believe. But the success of this strategy for this tough economy still dey uncertain.
Bullish
The big increase wey dey hash rate for middle of low Bitcoin prices and economic wahala dey show say miners get strong belief say dem go make money for future, and historically, e fit signal say price go soon go up. The tariff increase wey dem dey expect don make U.S. miners invest now, dey show say dem dey expect to gain for future. The Hash Ribbons Indicator buy signal dey support the possibility of bullish market movement. Even though economy no dey clear, if wetin miners dey predict follow wetin dey happen for market, this investment fit lead to big price increase.