Bitcoin

Penny

In the wake of the anticipated Bitcoin halving, experts forecast a mere 5-10% dip in the network's <a href="https://ultramining.com/news/en/impending-bitcoin-halving-may-trigger-major-hashrate-decline-say-experts/" rel="noopener noreferrer nofollow">hashrate</a>, according to Jaran Mellerud and Penny Ether's analysis. This subdued reaction marks a departure from previous halvings, indicating a maturing market less susceptible to volatility from reward reductions, according to <a href="https://twitter.com/JMellerud/status/1777673445536317818" rel="noopener noreferrer nofollow">JMellerud</a>.
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Historical data underscores this resilience, revealing a consistent pattern where, on average, it takes approximately 57 days for the hashrate to recover to pre-halving figures. This trend is likely to continue, with a quick bounce-back expected, as depicted in HASHLABS' projections based on 14-day average hashrate measurements.
These insights paint a picture of a robust blockchain infrastructure, capable of swiftly recalibrating in response to the algorithmic changes that halvings introduce. The prediction challenges the notion of drastic drops typically associated with such events, presenting a bullish case for Bitcoin's stability and long-term viability in the face of scheduled supply shifts.
Investors and miners alike may find solace in these projections, which suggest that the network will not only withstand the halving but will also quickly regain its momentum, thereby reinforcing Bitcoin's reputation as a steadfast digital asset.&nbsp;

Bitcoin’s Halving Event Signals Minor Hashrate Dip, Swift Recovery Anticipated

Ultramining_Eng

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