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BTC’s Hash Rate Up More Than 600% In 2 Years: CryptoQuant CEO

Published 19/07/2023, 12:43
© Reuters. BTC’s Hash Rate Up More Than 600% In 2 Years: CryptoQuant CEO

  • The insights platform Kaiko warned that the market may enter into a period of stagnation in the coming weeks.

  • Historical data shows that Q3 has been the period with the lowest amount of trading volume in past years.

  • Meanwhile, Ki Young Ju revealed that BTC’s hash rate has risen 660% over the last 2 years.

In one of their latest tweets, the market insights platform Kaiko speculated whether the cryptocurrency market might be entering into a period of stagnation or inactivity. Historically, Kaiko’s data indicated that Q3 has been a period with the lowest trading volume for past years.

This is further proven by the fact that Bitcoin’s (BTC) cumulative volume has been lower in Q3 than in any other quarter since 2012. Despite this potential drop in trading volume, it is worth noting that BTC’s network fundamentals are the strongest they have ever been, according to a tweet posted by the CEO of CryptoQuant, Ki Young Ju.

The post BTC’s Hash Rate Up More Than 600% In 2 Years: CryptoQuant CEO appeared first on Coin Edition.

The post BTC’s Hash Rate Up More Than 600% In 2 Years: CryptoQuant CEO appeared first on Coin Edition.

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