Latest / The Cryptocurrency Economy with Fexingo: Bitcoin, Ethereum, and Digital Money Markets
Why Bitcoin Hashribbon Signal Flashed a Mining Capitulation
Bitcoin's hashprice hit an all-time low in early July 2026, triggering a Hashribbon capitulation signal for the first time in over a year. Lucas and Luna unpack how falling hashprice — the revenue miners earn per unit of hashing power — is forcing inefficient miners offline, while the Hashribbon indicator historically marks local price bottoms. With BTC trading at $64,668 and mining difficulty near an all-time high, they explore whether we're seeing a repeat of late 2022 or something structurally different. They reference on-chain data from Glassnode showing miner outflows spiking…
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