BTCC
/
BTCC Square
/
Coindesk
/
Bitcoin’s Hashrate Surges 4% in Early August—JPMorgan Spots Bullish Signal
Bitcoin’s Hashrate Surges 4% in Early August—JPMorgan Spots Bullish Signal
20
2
Mining power just got a jolt—and Wall Street's taking notice.
The hash rush is on
Bitcoin's network hashrate climbed 4% in the first half of August, per JPMorgan analysts. That's more raw computational muscle securing the chain—and potentially signaling miner confidence ahead of the halving.
What the metrics hide
While the numbers look bullish, remember: Wall Street only cares about hashrate when it affects their quarterly reports. Funny how a 4% uptick suddenly makes crypto 'institutional-grade.'
Miners are betting big—whether the suits follow is another story.
By:
