News & Insights: Price Bear v.s. Hashrate Bull
The effect of the downward price and upward hashrate on profitability
On the 12th of May the price of Bitcoin hit a new low for the year. Consequently market sentiment was severely down and stayed down with the lowest score on the Bitcoin Fear & Greed Index for 2022 (10 out of 100) measured on the 23rd of May. In the meanwhile the amount of hashrate keeps on rising. According to research done by BitOoda, the network hashr…
