CandleFocus Bitcoin (BTC) Hashrate Skyrockets to Historic High: Details
2024-11-22
Author: Content Editor
Bitcoin's hashrate has reached an all-time high, indicating increased network security and mining efficiency. The hashrate dropped after the recent halving event but has been rising since July due to the replacement and upgrading of mining equipment. The price of Bitcoin has surpassed $99,000 for the first time, while mining activity in the United States is increasing. Other factors contributing to the positive sentiment include MicroStrategy's plans to accelerate Bitcoin purchases and the launch of options on U.S. Bitcoin exchange-traded funds.
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