CryptoQuant CEO calls rising Bitcoin hashrate ‘indirect bullish signal’ from institutions
Summary
The chief executive of CryptoQuant views the growing Bitcoin hashrate as a positive indicator for the cryptocurrency. This network growth is driven by public mining operations that receive support from traditional financial institutions.
Public miners backed by major TradFi players are coming back online, boosting Bitcoin’s hashrate, a positive sign for BTC’s fundamentals, according to CryptoQuant’s Ki Young Ju.
Source: Read the full story at Cointelegraph.com News
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