Sunday , November 24 2024
Home / Bitcoin (BTC) / Bitcoin Hashrate Explodes 30% in a Day to a New All-Time High

Bitcoin Hashrate Explodes 30% in a Day to a New All-Time High

Summary:
Despite the ongoing geopolitical uncertainty and economic turmoil throughout the world, Bitcoin’s network continues to get more robust. Following a recent spike, its hashrate reached yet another all-time high. It goes without saying that there’s a lot of economic turmoil and geopolitical uncertainty as international tension surrounding the relationship between Ukraine and Russia intensifies. Meanwhile, market participants are eagerly anticipating hinted rate hikes as inflation numbers keep getting higher. As CryptoPotato reported earlier this week, the Consumer Price Index in the United States clocked in at 7.5%, exceeding expectations. Amid all this, Bitcoin’s network keeps getting more robust. Data from BlockchainCom reveals that from February 11th to February 12th, the

Topics:
George Georgiev considers the following as important: , , , , , ,

This could be interesting, too:

Wayne Jones writes Charles Schwab to Launch Spot Crypto ETFs if Regulations Change

Wayne Jones writes Here’s When FTX Expects to Start Repaying Customers .5B

Dimitar Dzhondzhorov writes Is Cryptoqueen Ruja Ignatova Alive and Hiding in South Africa? (Report)

Wayne Jones writes Casa CEO Exposes Shocking Phishing Scam Targeting Wealthy Crypto Users

Despite the ongoing geopolitical uncertainty and economic turmoil throughout the world, Bitcoin’s network continues to get more robust. Following a recent spike, its hashrate reached yet another all-time high.

  • It goes without saying that there’s a lot of economic turmoil and geopolitical uncertainty as international tension surrounding the relationship between Ukraine and Russia intensifies.
  • Meanwhile, market participants are eagerly anticipating hinted rate hikes as inflation numbers keep getting higher.
  • As CryptoPotato reported earlier this week, the Consumer Price Index in the United States clocked in at 7.5%, exceeding expectations.
  • Amid all this, Bitcoin’s network keeps getting more robust.
  • Data from BlockchainCom reveals that from February 11th to February 12th, the hashrate spiked by as much as 31%.
  • The estimated number of terahashes per second the BTC network performs in the last 24 hours currently sits at 248.11 million per second – a new all-time high value.
img1_hashrate
Bitcoin’s Hashrate. Source: BlockchainCom
  • It’s worth noting, though, that these are raw values. The 7-day average is not at an all-time high, although the 30-day average is.

You Might Also Like:

Leave a Reply

Your email address will not be published. Required fields are marked *