Bitcoin Hash Rates & Difficuly : Related To Bitcoin Prices ?
” Hash rate has always been considered a good sign of network health. It is not directly correlated to price in the shorter term but does increase network security and horsepower over a longer time frame, which of course is bullish.
Since the beginning of 2019, bitcoin hash rate has increased almost 180% from around 40 exahashes per second to an all-time high of 117 EH/s a week or so ago.
Comparatively its two closest brethren, Bitcoin Cash and Bitcoin SV have been as flat as a pancake over the same period. ”