Among other advantages, Bitcoin is a gigantic step towards more transparent financial markets. In addition to the transaction process, indicators such as the hash rate can also be read on the blockchain. Time to take a look under the hood.Yawn! Bitcoin\u2019s price behavior in this Corona December is anything but volatile. Rather, the number 1 cryptocurrency has been describing a sideways trend since the beginning of the month. Quo vadis, Bitcoin? A look at the data situation.First of all: you don\u2019t have to worry about the hash rate depending on the current situation. It is true that the accumulated computing power in the network lost significant momentum at the end of October. In the meantime, however, the miners are back on board and supply Bitcoin with sufficient energy. According to market observers, the slump in October this year was due to the end of the rainy season in Sichuan. Miners operate their Bitcoin mines in southwest China\u2019s province with electricity generated from hydropower. If there is no rain, the water level in the dams drops and electricity becomes more expensive. This usually urges the miners to change locations, which can also be seen in the hash rate.The hash rate is currently heading for a new all-time high. At the time of going to press it is 137 exahashes per second (EH \/ s) and is only around 6 percent behind the all-time high at 146 EH \/ s. An all-round bullish signal.Sideways walks like this may not be productive for observers. However, they are essential for the long-term price development. Bitcoin was overheated after its rally in November, which even manifested itself in a new all-time high. The setback to just under 18,000 US dollars (USD) on December 9 can safely be seen as a healthy price correction.For example, if\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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