Bitcoin hashrate down ~15% since June 15, steepest drop in 3 years

In what looks to be the most dramatic decline in three years, Bitcoin’s hashrate dropped over 15% between June 15 and 24.

Bitcoin’s hashrate saw its most dramatic fall of the last three years between June 15 and 24, according to Blockchain.com data.

Bitcoin’s hashrate decreased from nearly 943.6 billion terahashes per second (TH/s) on June 15 to 799.9 TH/s on June 24 — a decline of more than 15% and a level not seen since May.

The sharp drop has fueled speculation about possible geopolitical and environmental causes.

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