Luxor Q1 report predicts bitcoin hash price will recover in the next five months
2024-05-10 07:32:24
Mining pool and hash rate marketplace Luxor has released a report on the state of bitcoin mining for Quarter 1 in 2024. The report argues that hash prices may have bottomed out, at least in the short term, and is expected to rise somewhat over the next five months, a prediction based on expectations of higher transaction fees or a decrease in mining difficulty. In addition, Luxor's hash rate forward trades are higher than the current spot price, also known as Contango, through October. The report shows that hash rate traders are bullish on transaction fees in the short term.
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