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Bitcoin Hash Rate Hits Record Average High Defying BTC Price Bears

From cointelegraph.com

An essential Bitcoin (BTC) metric has hit a new all-time high as miners pledge ever more computing power to securing the network. Data from various resources including Blockchain confirms that on July 6, Bitcoin’s seven-day average hash rate reached a new peak. Bitcoin hash rate 7-day average beats March top The achievement follows several weeks of hash rate growth, with the seven-day average at 123.4 EH/s as of Monday. The previous record came in early March, just a week before the Coronavirus-induced crash severely disrupted both network and price activity. Bitcoin 7-day average hash rate 1-year chart. Source: ... (full story)

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  • Category: Fundamental Analysis