Bitcoin hashrate drops 12% in worst drawdown since China mining ban: CryptoQuant

The hash rate for Bitcoin experienced a significant decline of 12%, marking its most substantial setback since the implementation of the mining ban in China, according to a report from CryptoQuant. This drop in hash rate not only highlights the volatility inherent in the cryptocurrency market but also raises concerns about the overall stability and security of the Bitcoin network, as lower hash rates can lead to slower transaction processing times and increased susceptibility to attacks. Such fluctuations often reflect broader trends in the crypto space, including regulatory challenges and shifts in mining operations, underscoring the dynamic landscape that investors and miners must navigate. source: https://www.coindesk.com/tech/2026/01/30/bitcoin-hashrate-drops-12-in-worst-drawdown-since-china-mining-ban-cryptoquant