Experts have refuted the claim that power outages in Iran led to a significant drop in Bitcoin mining activity, thereby easing selling pressure and triggering the recent surge in Bitcoin prices from below $63,000 to over $72,000. They pointed out that Iran's share of global Bitcoin hash rate is currently only single digits, so any power outages in localized areas have minimal impact. The price increase is mainly attributed to ETF capital inflows, short covering, and overall market recovery, with no significant decline in hash rate or on-chain selling observed.

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