Bitcoin Hashrate Shows Rapid Climb To New Highs: Bull Run Here?

Quick Summary:

Data shows the Bitcoin Hashrate has been experiencing a rapid uptrend recently, a hint that miners expect the asset’s latest rally to continue.7-Day Average Bitcoin Hashrate Has Been Exploring New Highs Recently According to data from Blockchain.com, the BTC network has seen its Hashrate shoot up recently.

To counteract this, the network raises its Difficulty in the next biweekly adjustment, bringing miners back to the desired speed.

The “Difficulty” refers to a feature on the Bitcoin blockchain that controls how hard the miners would find the task of BTC mining.

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Article Details

Author / Journalist: Keshav Verma

Category: Crypto

Markets: Hungary

Topics: Bitcoin News Bitcoin Bull Run Bitcoin hashrate Bitcoin Bullish Bitcoin mining Btc Bitcoin Miners Bitcoin BTCUSDT

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 13:30:21 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 480 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 14 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 23327802

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

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Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

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Publisher ID: #105

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