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🛢️ Oil Price Shocks May Impact $BTC Prices More Than Mining Costs

According to Coindesk research, only 8-10% of the global Bitcoin hashrate operates in oil-sensitive power markets. This suggests geopolitical events affecting oil prices could influence BTC's market price more directly than its mining expenses.

🛢️ Oil Price Shocks May Impact $BTC Prices More Than Mining Costs

According to Coindesk research, only 8-10% of the global Bitcoin hashrate operates in oil-sensitive power markets. This suggests geopolitical events affecting oil prices could influence BTC's market price more directly than its mining expenses.