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: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • 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: Coinbase Confirms DOJ Investigation Following Major Security Incident

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

XRP price news

XRP Price Risks Breakdown To Next Support Level, Why $2.28 Is Important

The XRP price has been holding on pretty tightly to its support level above $2.2 and continues to be a...

Scott Matherson 3 hours ago

本月最熱門迷因幣價格反彈:哪些冷門項目有望暴漲100倍?

7月加密貨幣市場迎來動能爆發,比特幣穩站11萬美元大關,再次引發資金大規模輪動,meme幣成為最先受益的資產類別。在這場文化驅動與社群共鳴的漲勢之中,不只是Bonk與Pepe這類明星幣重新走紅,反而是...

Mark Mak 4 hours ago
Cardano (ADA) Turns Upward

Cardano (ADA) Turns Upward — Signs of a Recovery Emerge

Cardano price started a fresh increase from the $0.5650 zone. ADA is now consolidating and might attempt a clear move...

Aayush Jindal 4 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

Ethereum Risks Downside If Resistance Holds: $2,700 Level Is Critical

Ethereum Risks Downside If Resistance Holds: $2,700 Level Is Critical

Sebastian Villafuerte 1 minute ago

BTC Bull Token tiek palaists šodien – jaunā kriptovalūtas sensācija ar bezmaksas Bitcoin atlīdzībām

lasma 1 hour ago
Dogecoin price analysis

Chartist Slams Misleading Dogecoin Analysis: ‘Focus On This Instead’

Jake Simmons 1 hour ago

Premium Sponsors

Press Releases

  • MEXC Releases Bimonthly Transparency Report: $559 Million...

    1 hour ago
  • Make $8,000 a day in stable passive income easily –...

    17 hours ago
  • SunnyMining——A passive income tool that allows ordinary...

    18 hours ago
  • Cryptocurrency is the best way to get rich quickly, easily...

    1 day ago
  • XRP Cryptocurrency × Dogecoin Mining: HASHJ launches...

    2 days 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.