BTC Hashrate Follows Price Drop – 20% Lower Before Bitcoin Halving

Four days ago, digital currency markets lost billions and prices sank to levels not seen since last March. The market bloodbath has affected bitcoin miners as they are making fewer profits than they were a week prior. By Monday, March 16, BTC’s hashrate slid below the 100 exahash (EH/s) territory and the BCH hashrate fell below 4 EH/s. Moreover, BCH has 22 days left until the block reward gets cut in half and there are 56 days until the BTC halving.
Also Read: Traders Flock to Tether, USDC, PAX – Stablecoins See Great Demand After Crypto Market Havoc
F2pool: ‘There’s Always a Lag in Hashrate Drops’ Cryptocurrency markets have lost a bunch of money during the last two weeks as more than $90 billion was erased from the market cap since the first week of March. At press time, BTC is hovering just below the $5K zone, while BCH is trading for $163 per coin. These prices have put intense pressure on miners hashing away at these two networks, and currently both networks have lost a good chu..