Bitcoin Struggles to Recover as Real Yields Rise, Hashrate Falls — Market Talk
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Bitcoin is struggling to recover as U.S. real inflation-adjusted yields rise and the computational power used in bitcoin mining, or hashrate, falls, Marex crypto analysts say. "When real rates push higher, bitcoin tends to lose marginal buyers and rallies become shorter lived," they say in a note. Bitcoin's hashrate fell during the first quarter, the first decline in six years, as miners shifted capital to artificial intelligence infrastructure. Meanwhile, Strategy has paused bitcoin purchases, breaking a pattern the market had become comfortable with, the analysts say. Bitcoin trades steady at $66,625 after earlier modest gains driven by a WSJ report that President Trump is willing to end U.S. attacks against Iran, LSEG data show. (renae.dyer@wsj.com)
source: https://www.tradingview.com/news/DJN_DN20260331004347:0/
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