Bitcoin Hashrate Dip Could Spark 2026 Rally As
Generally, Bitcoin is facing a lot of challenges right now, with the price going down and people not using the network as much. Normally, this would be a bad sign, but VanEck thinks it could actually be a good thing for 2026.
Obviously, the price of Bitcoin has been going down, it fell about 9% in the last month, and it’s still around $87,000. Usually, when the price goes down, the network’s hash rate also goes down, and that’s what happened, it went down by 4% in 30 days.
Pretty much, the situation is not great for miners, they are stressed because the price is low and their costs are high, so they are not making as much money as they used to.
According to VanEck’s report, the cost of electricity for older mining rigs has gone down a lot, and some mines in China had to shut down, which removed about 10% of the global hash power.
Historically, when the hash rate goes down, it’s often followed by a big increase in the price of Bitcoin, like when the 90-day hash rate growth is negative, the price of Bitcoin usually goes up in the next 180 days, it happened 77% of the time.
Sometimes, investors do weird things, like right now, some investors are selling their Bitcoin, but others are holding on to it, and some companies are even buying more.
Usually, when investors are not sure what to do, they just wait and see what happens, but VanEck is optimistic about the future, they think the market will get better in 2026.
Generally, the price of Bitcoin is not doing great right now, it’s down about 22% in the last three months, but some analysts think it’s just a temporary thing, not a long-term problem.
Hopefully, VanEck is right, and the price of Bitcoin will go up in 2026, they are basing their prediction on what happened in the past and what’s happening now.
Bitcoin’s Recent Challenges
Normally, when the price of Bitcoin goes down, it’s a bad sign, but this time it might be different, VanEck thinks the downturn could lead to a big rally in 2026.
Maybe, the price of Bitcoin will go up because the network’s hash rate is going down, it’s a weird relationship, but it’s happened before.
Hashrate Dip and Miner Stress
Generally, the situation is not great for Bitcoin, the price is down, and the network’s hash rate is also down, it’s a tough time for miners.
Pretty much, the price of Bitcoin has been going down for a while now, it’s around $87,000, and the hash rate has also been going down, it’s a 4% drop in 30 days.
VanEck’s Analysis
According to VanEck, the breakeven electricity costs for older mining rigs have gone down a lot, and some mines in China had to shut down, which removed about 10% of the global hash power.
Usually, when the hash rate goes down, it’s a bad sign, but VanEck thinks it could be a good thing, they think the price of Bitcoin will go up in 2026.
Investor Behavior
Sometimes, investors do weird things, like right now, some investors are selling their Bitcoin, but others are holding on to it, and some companies are even buying more.
Generally, investors are not sure what to do, they are waiting to see what happens, but VanEck is optimistic about the future.
Outlook for 2026
Normally, when the market is down, it’s hard to be optimistic, but VanEck is, they think the price of Bitcoin will go up in 2026.
Maybe, the market will get better because the liquidity conditions are improving, and the leverage is reducing, it could be a good thing for Bitcoin.
Conclusion
Generally, the situation is not great for Bitcoin right now, but VanEck thinks it could be a good thing, they think the price will go up in 2026.
Pretty much, VanEck is basing their prediction on what happened in the past and what’s happening now, they think the hash rate dip could spark a big rally in 2026.
