Bitcoin Price and Ethereum Prediction; BTC Hashrate Recovers
According to on-chain data research, the current state of the Bitcoin market is one of the least volatile in its history. Late in 2018, volatility last plummeted to levels comparable to today. The price of cryptocurrencies fell steadily throughout the year, just like it has done recently.
Therefore, Bitcoin price prediction stays neutral during the Asian session on December 26. Similarly, Ethereum has stayed relatively stable at $1,220.
On December 26, major cryptocurrencies traded mixed after the global crypto market cap grew marginally by 0.10% to $812.31 billion on the previous day. The entire cryptocurrency market volume in the last 24 hours is $22.98 billion, a 34.28% decline. The overall volume in DeFi is currently $1.55 billion, accounting for 7.04% of the entire 24-hour volume in the crypto market.
The total volume of all stablecoins is now $20.01 billion, accounting for 91.07% of the total 24-hour volume of the crypto market.
Let's take a quick look at the fundamental outlook for Bitcoin and Ethereum today.
After dropping 38% to 170.60 EH/s from a weekly high of 276.40 EH/s, the Bitcoin network hashrate has recovered to its previous level of 241.29 EH/s. Days after frigid weather across the United States put a burden on the nation's energy grid, causing a brief dip in hashrate, the Bitcoin network hashrate has recovered to usual levels again.
Extreme cold in the days before Christmas left millions of Americans without electricity and killed at least 28 people across the United States.
It has been reported that Bitcoin miners in Texas, which is responsible for a large amount of the country's hashrate, have voluntarily reduced operations in order to return power to the grid, allowing locals to continue using their
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