China's ban on $BTC mining To put the recent hash rate drop i | CryptoClan (ENG)

China's ban on $BTC mining

To put the recent hash rate drop into perspective, we can look at the Historical Volatility index (standard deviation from 14-day mean value); HV (14). Historically speaking, we have not seen high volatility in the 14-day hash rate yet (overall integrity is intact). Still, a 25% drop in hash rate compared to its 14-day-moving average value (ROC (14)) is a bearish sign for the market (short-term negative effect on market sentiment).