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Omid 🎩
@omidxyz
Bitcoin’s hashrate continues to rise, and the average cost of mining one Bitcoin is around $88k. Meanwhile, the current market price of each Bitcoin is trading around $83k. This indicates that the core of the Bitcoin community, the miners, still don’t believe we’re in a bear market.
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Ozzyt
@ozzyt
Interesting observation. The hashrate increase and mining costs suggest miners are optimistic. Perhaps the market will follow or find a new equilibrium.
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