Bitcoin Hashrate Surpasses 700 EH/s for the First Time, Driven by Spike in Transaction Fees and Price Surge
The hashrate of bitcoin has reached a new high of 700 EH/s, showing a 6% increase in the past seven days. The hashprice of bitcoin has also risen to $50 PH/s, which is a two-month high, due to the increase in mining profitability caused by a rise in transaction fees and bitcoin's price. The seven-day moving average of bitcoin's hashrate has reached an all-time high of 703 EH/s, according to Glassnode data.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum futures open interest hits new all-time high of over $20 billion, signalling bullish momentum: CryptoQuant
Ethereum futures open interest across all exchanges has hit a new all-time high, according to CryptoQuant data.Positive funding rates and record leverage ratios highlight increased risk-taking, with traders betting on rising Ethereum prices.
US dollar index DXY breaks through 108
Suspected JRNY Crypto address sold 2.02 million APE 20 minutes ago
The Federal Tax Service of Russia has calculated how many miners have been added to the register
Trending news
MoreCrypto prices
More
