As bitcoin dipped below $55K this week, something quite interesting happened behind the scenes. On Sept. 7, 2024, the network’s computational power hit a new lifetime high. The seven-day simple moving average (SMA) for Bitcoin’s total hashrate climbed to 679 exahash per second (EH/s) on Saturday, a slight bump of 2 EH/s over the previous […]
Original
Related posts
-
Bitcoin Flashes On-Chain Signal That Triggered A 175% Rally The Last Time
Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the... -
Bitcoin Investors Quiver As Accumulation Trend Nears Zero
September has started with significant losses for the Bitcoin market after a price decline of 9.16%... -
Report Highlights Short-Term Bitcoin Holders Facing Heightened Unrealized Losses
A recent report from Glassnode, led by researchers Ukuriaoc and Cryptovizart, highlights growing stress among short-term...