Bitcoin Hash Rate Skyrockets Amid 55% Hike In 2 Months
With the swings in the crypto market, Bitcoin has been at different unexpected levels this year. The crypto winter in the year’s first half gave the leading crypto asset a blow off its balance. As a result, BTC’s price fell to over half its value as of November 2021. But despite the price fluctuation, the Bitcoin hash rate moved upward since its drop in mid-July. In a recent report, the BTC hash rate has hit a new all-time high (ATH). This new position came following the last increase in the mining difficulty. Related Reading: Here’s Where Investors Expect Cardano (ADA) Price....
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As Bitcoin hash rate continues to rise, a new ATH could soon be in sight. Here’s what it might mean for the price based on previous pattern. Bitcoin Hash Rate Continues To Go Up The BTC hash rate has been increasing for the past couple of months after crashing down in June from the all-time-high […]
As Bitcoin jumped to $40k in the day following Federal Reserve’s raise hike by half a point, another number on the rise is its hash rate, which hit an all-time high of 221 EH/s. Bitcoin, Hash Rate, And Price The Hash Rate is the Bitcoin network’s measuring unit of the computational power and speed used to carry on the mathematical operations that confirm and process transactions on the blockchain. For this reason, the Hash Rate can reflect the global activity of bitcoin mining, increasing or decreasing side by side. The price of Bitcoin and the measure of the Hash Rate are....
The Ethereum mining hash rate has reached a new all-time-high (ATH) value after completely recovering from China’s crackdowns. Ethereum Mining Hash Rate Makes New ATH The ETH network hash rate has made a new ATH record as the average daily hash rate reached 715k GH/s on Sunday. As Ethereum currently uses a Proof of Work […]
The FOMC meeting is currently looming above the financial markets, including bitcoin, given that it is just a few days away. Previous interest rate hike trends and the fact that inflation remains a prominent threat have led to a negative outlook for the FOMC meeting. It is expected that another Fed interest rate hike is on the horizon, which will no doubt have a profound effect on the crypto market. FOMC Meeting Draws Near The next FOMC meeting will take place on November 1-2 according to the official schedule. It happens around once every one to two months and is important as this is....
The U.S. Federal Reserve introduced another jumbo rate hike on Wednesday, Nov. 2, 2022, by hiking the federal funds rate (FFR) by 75 basis points (bps). The American central bank said on Wednesday that the hike aims to curb inflation and the Fed says “recent indicators point to modest growth in spending and production.” U.S. Central Bank Hikes the Federal Funds Rate by 75bps While U.S. president Joe Biden hosted an event called the “Infrastructure Talent Pipeline Challenge,” the country’s central bank increased the FFR once again by 75bps on Wednesday.....