Data shows Bitcoin mining hashrate is now near its all-time high (ATH) set back in April. Here’s what it may mean for the price of the crypto. Bitcoin Mining Hashrate…
Hashrate
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After experiencing a rocky weekend where lows of $42K were hit, Bitcoin (BTC) has back above the psychological price of $50,000. The leading cryptocurrency was standing around $50,429 during intraday…
- Bitcoin
Bitcoin’s Hashrate On Its Way To Total Recovery, Maybe Even To An All-Time High
by Mikiby MikiDon’t call it a comeback. Bitcoin’s hashrate “is on track to make a full recovery sometime in the next couple of weeks,” according to a Kraken Intelligence report. Nearly five…
- Bitcoin
Since China’s Mining Ban, Bitcoin Hashrate Has Recovered by 68% And Counting
by Mikiby MikiBitcoin is a perpetual motion machine. The Bitcoin hashrate is slowly climbing to pre-China-ban levels, and the service continued uninterrupted without a hiccup. Such is the power of well-placed incentives.…
- Bitcoin
Roxe Taps Former IMF Economist to Leads its Bitcoin Hashrate Powered CBDC Drive
by Mikiby MikiGlobal payment network Roxe is advancing its Central Bank Digital Currency (CBDC) product suite with the appointment of an experienced economist from the International Monetary Fund (IMF). Andreas Jobst will…
- Blockchain
Bitcoin’s Hashrate Edges Closer to the 30-Day Moving Average, Suggesting a Bullish Crossover
by Mikiby MikiBitcoin miners seem to be on the right footing as the hashrate is on an upward trajectory after nosediving by more than 50%. Crypto analytic firm Dilution-proof explained: “The…
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The hashrate of Bitcoin seems to be on an upward trajectory after nosediving by 50% amid intensified crackdowns on crypto mining by Chinese authorities recently. Crypto data provider CoinMetrics explained:…
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In the latest adjustment on Saturday, July 17, has dropped by another ~5% in its fourth consecutive drop. The previous adjustment saw the highest drop in percentage terms dropping 28%…
- Bitcoin
Bitcoin (BTC) Mining Hashrate Shows Strong Rebound as BTC Price Looks to Solidify $34K
by Mikiby MikiBitcoin mining hashrate has shown a strong bounce from the downtrend caused by an extended Chinese crackdown on crypto mining. China was the biggest Bitcoin and crypto mining hub before…
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Bitcoin network hashrate is on a continuous decline ever since the Chinese crackdown on mining led to numerous mining farms shut their operation and relocate. China accounted for more than…