CryptoQuant CEO Ki Young Ju Says Bitcoin Hashrate Is Rising Again, a Bullish Signal
JH Kim
Summary
- CryptoQuant CEO Ki Young Ju said Bitcoin hashrate is rising again and called it a bullish signal.
- Ju said the network is seeing a rise in hashrate as mining companies run their equipment at maximum capacity.
- Ju said the recent increase in hashrate is a positive signal for the Bitcoin market.
Forecast Trend Report by Period
Bitcoin's network hashrate is rising again as miners run their equipment at full capacity, in what CryptoQuant Chief Executive Officer Ki Young Ju described as a bullish signal.
Cointelegraph reported on October 22 that Ju said Bitcoin's hashrate is increasing again and characterized it as a positive sign.
He said the network's hashrate is climbing as mining companies operate their equipment at maximum capacity.
Hashrate measures the total computing power devoted to the Bitcoin network. Ju interpreted the recent increase as a positive signal for the Bitcoin market.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.