Bitcoin’s network hashrate has dropped by 15% in just three weeks, raising concerns across the crypto community. This sudden decline comes amid heightened geopolitical tensions following the outbreak of conflict in Iran, though experts caution that the correlation may not indicate causation. The Blockspace team analyzed the trend during their latest live session, highlighting potential factors such as regional mining disruptions, equipment failures, or shifts in mining profitability. Despite the uncertainty, the drop underscores the fragility of decentralized networks when exposed to external shocks.
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