Bitcoin Hashrate Rises for Second Month as Ki Young Ju Says Selling Eases

Bitcoin’s network hashrate has risen for two straight months after nine months of declines, while Ki Young Ju said miners are no longer facing pressure to sell. MARA, the largest publicly listed mining company, had an average mining cost of $59,774, below Bitcoin’s market price. Hashrate measures the computing power used to process Bitcoin transactions and secure the network. Ki Young Ju said the addition of mining equipment indicates miners are bullish. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.