As per Crypto.News, Bitcoin’s network hashrate fell 4% over the past 30 days, the sharpest decline since April 2024. VanEck’s report notes that such drops have historically preceded 180-day price gains averaging 72%. Miner stress has deepened as breakeven electricity costs for S19 XP miners dropped to $0.077, and daily fee revenue fell 14% month over month. Corporate treasuries added 42,000 BTC between mid-November and mid-December, while ETP holdings declined. On-chain data shows short-term holders are under pressure, but long-term holders remain stable.
Bitcoin Hashrate Drops 4% Amid Miner Strain, VanEck Sees Potential Price Rebound
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Summary
Bitcoin price today fell 4% in hashrate over 30 days, the sharpest drop since April 2024. VanEck’s report shows similar declines have led to 72% average price gains in 180 days. Miner breakeven costs for S19 XP units hit $0.077, while daily fees dropped 14% monthly. Corporate treasuries added 42,000 BTC in late 2024, but ETP holdings dipped. On-chain data shows short-term holders under pressure, long-term positions stable. Bitcoin price prediction models suggest potential rebound ahead.
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