In June 2021, Bitcoin’s global hash rate dropped to as low as 84 exahashes per second (EH/s) due to the China government’s crackdown on all crypto related activities. Since then, it has increased by 108%, with the Bitcoin network performing at a rolling seven-day average of 175 EH/s as of Wednesday 8 December 2021. This is just shy of the all-time high level of 180 EH/s in May 2021. This could indicate a forthcoming positive price action despite the bearish market sentiments at present.
Hashing up
Hashing up
Hashing up
In June 2021, Bitcoin’s global hash rate dropped to as low as 84 exahashes per second (EH/s) due to the China government’s crackdown on all crypto related activities. Since then, it has increased by 108%, with the Bitcoin network performing at a rolling seven-day average of 175 EH/s as of Wednesday 8 December 2021. This is just shy of the all-time high level of 180 EH/s in May 2021. This could indicate a forthcoming positive price action despite the bearish market sentiments at present.