NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Rising Hashrate Signals End of Bitcoin Capitulation; Price Eyeing $10K-Retest

Yashu Gola
Yashu Gola
1 year ago
2 mins read
bitcoin, cryptocurrency, btcusd, xbtusd, btcusdt

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

  • Bitcoin hashrate jumped 23 percent since May 26, signaling more miners are resuming operations on the cryptocurrency’s blockchain network.
  • The rally also continued as Bitcoin’s mining difficulty dropped by over 9 percent on June 4.
  • The rising hashrate indicates a slowdown in miner capitulation, which could assist in sending the bitcoin price higher towards $10,000.

The Bitcoin hashrate rose to near 111.43 Exahash per second on Monday, its highest level in the last three weeks.

The surge appeared as the cryptocurrency’s mining difficulty adjustment dropped by 9 percent on June 4. The bimonthly event helped miners, who had shut down their machines after halving, to rejoin the network. That further resulted in faster mining on the Bitcoin blockchain, with each block validation taking less than 10 minutes.

bitcoin, cryptocurrency, btcusd, xbtusd, btcusdt
Bitcoin mining rate hits 111.4 Eh/s on Monday | Source: Blockchain.info

End of Capitulation?

A drop in difficulty makes it easier for miners to solve mathematical problems on Bitcoin blockchain. The higher probability of solving puzzles translate into a higher chance of mining blocks – and, in turn, earn rewards in bitcoin tokens.

Miners typically sell the crypto winnings in open markets to cover their operational costs. When they sell more bitcoin than they mine, it leads to a plunge in the cryptocurrency’s spot rates, otherwise known as capitulation.

After halving, an event which has decreased bitcoin’s daily supply by half, miners are earning lesser rewards. That has lately caused a miner capitulation. As a result, the spot bitcoin has failed to close above $10,000 despite favorable macroeconomic fundamentals.

But indicators show that miners have slowed down selling their bitcoin stash. The Miners’ Position Index, which reflects miners’ capitulation/accumulation behavior, is showing a negative value, which shows miners are not selling their freshly-minted coins.

bitcoin, cryptocurrency, btcusd, xbtusd, btcusdt
Miners Position Index | Source: CryptoQuant

On the other hand, the Hash Ribbons indicator is also signaling a reversal in the mining capitulation sentiment.

bitcoin, cryptocurrency, btcusd, xbtusd, btcusdt
Hash Rate Ribbon Indicator | Source: MMCrypto

That loosely means that miners – the biggest whales – are holding more bitcoin than they are selling, creating a supply-deficiency in the market, which is bullish for Bitcoin.

The $10,000 Bitcoin Target

A rising hashrate, lower difficulty, and slowing miner capitulation create a bullish scenario for Bitcoin. Nevertheless, the cryptocurrency’s upside bias remains trapped under $10,000, a level it has failed to break since February 2020.

bitcoin, cryptocurrency, btcusd, xbtusd, btcusdt
BTCUSD trending sideways under $10K-resistance | Source: TradingView.com, Coinbase

The on-chain metric creates a reasonable bullish setup thanks to a supply-shock caused by miner accumulation.

Meanwhile, investors are watching the Federal Reserve’s two-day meeting on the U.S. economy’s health this week. If the central bank keeps rates lower and continues its bond-buying program, then it could keep investors away from holding cash and increase their bets on risky assets like stocks and bitcoin.

The two factors alone point to a rally in the bitcoin market. It would mean a retest of the $10,000-level.

Tweet123Share196ShareSend
Yashu Gola
Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN.

Read more

Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

Close

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum Bulls Roar

Ethereum Bulls Roar — $3K Beckons After 5% Spike

Ethereum price started a fresh increase above the $2,720 zone. ETH is now consolidating gains and might aim for a...

Aayush Jindal 2 hours ago
Bitcoin Price Attempts a Comeback

Bitcoin Breakout Alert — Price Turns Green as Bulls Step In

Bitcoin price started a fresh increase above the $108,500 zone. BTC is now up over 3% and showing positive signs...

Aayush Jindal 3 hours ago
Bitcoin 30-Day Average Funding Rate Drops – Bullish Setup Takes Shape

Bitcoin 30-Day Average Funding Rate Drops – Bullish Setup Takes Shape

Bitcoin continues to consolidate just below its all-time high of $112K, holding firmly above key support at $105K despite repeated...

Sebastian Villafuerte 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Solana (SOL) Rockets Over 10%

Solana (SOL) Spikes to $160 — Will Bulls Power Past This Wall?

Aayush Jindal 36 minutes ago
Is Bitcoin Ready to Pop? Analyst Warns of Sell-Side Liquidity Squeeze as Whales Take Over

Is Bitcoin Ready to Pop? Analyst Warns of Sell-Side Liquidity Squeeze as Whales Take Over

Samuel Edyme 45 minutes ago
XRP Price Pulls Back From Highs

XRP Price Flashes Strength — Bulls Looking for Continuation

Aayush Jindal 1 hour ago

Premium Sponsors

Press Releases

  • Ripple XRP Investors Making $10,9700 Per Day with This...

    4 hours ago
  • 仮想通貨プレセール|次世代ビットコイン拡張プロジェクトが200万ドル目前、投資家が続々と参加中

    ...

    15 hours ago
  • 仮想通貨おすすめ|ビットコインが過去最高値に迫る中、ETFが70万トークンを保有

    ...

    15 hours ago
  • 新しい仮想通貨が160万ドルを調達──過剰な宣伝を避ける注目のミーム系ボット登場

    ...

    15 hours ago
  • 仮想通貨おすすめ|ビットコインが10万8,000ドル突破、2025年7月に注目の17銘柄

    ...

    15 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.