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Bitcoin Hash Rate Plummets 8% Amid Iran War Energy Crisis, Signaling Potential Miner Capitulation
Bitcoin’s network hash rate has declined roughly 8% over the past week to 920 EH/s, with the drop likely tied to geopolitical tensions in the Middle East driving up energy prices and putting pressure on the cryptocurrency mining sector. The falling hash rate could signal another capitulation phase for miners, which historically has coincided with…
