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Bitcoin hashrate drops 12% in worst drawdown since China mining ban: CryptoQuant
Market Intelligence Analysis
AI-Powered
Why This Matters
Bitcoin's hashrate has dropped 12%, its worst drawdown since China's mining ban, due to US miners curtailing operations due to a severe winter storm.
Market Impact
Market impact analysis based on bearish sentiment with 80% confidence.
Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
A severe winter storm has forced US miners to curtail operations, dragging bitcoin’s hashrate, output and miner margins to their weakest levels in months.
Original article published by
CoinDesk
on January 31, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.