Bitcoin Hash Rate Hits New High, Outflows Decline

Quick Summary:

This increase in hash rate is expected to contribute to greater price stability for the cryptocurrency.

If Bitcoin can break out of its current pattern, it might rise toward the $68K resistance again.

However, the price has been stuck between $64K and $68K, hitting the $68K resistance twice without breaking through and now testing the $64K support level.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Mustafa Mulla

Category: Crypto

Markets: United States

Topics: Crypto Previous Been Price Hash Mining Bitcoin Miner Rate Blockchain Million

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-01 @ 13:10:55 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 448 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 21886954

View Article Analysis

About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 15 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #112

Publisher Details

Frequently Asked Questions