Despite the ongoing geopolitical uncertainty and economic turmoil throughout the world, Bitcoin’s network continues to get more robust. Following a recent spike, its hashrate reached yet another all-time high.
- It goes without saying that there’s a lot of economic turmoil and geopolitical uncertainty as international tension surrounding the relationship between Ukraine and Russia intensifies.
- Meanwhile, market participants are eagerly anticipating hinted rate hikes as inflation numbers keep getting higher.
- As CryptoPotato reported earlier this week, the Consumer Price Index in the United States clocked in at 7.5%, exceeding expectations.
- Amid all this, Bitcoin’s network keeps getting more robust.
- Data from BlockchainCom reveals that from February 11th to February 12th, the hashrate spiked by as much as 31%.
- The estimated number of terahashes per second the BTC network performs in the last 24 hours currently sits at 248.11 million per second – a new all-time high value.
- It’s worth noting, though, that these are raw values. The 7-day average is not at an all-time high, although the 30-day average is.
More from CryptoPotato
XRP Price Analysis: Ripple Bulls Defend a Critical Support, But is The Worst Over?
Source Node: 1404337
Time Stamp: Jun 16, 2022
Diem Has Secured Licenses in Nearly All States, says Board Member
Source Node: 1034279
Time Stamp: Aug 18, 2021
US Grants up to $10M for Information Regarding North Korean Crypto Hackers
Source Node: 1600620
Time Stamp: Jul 30, 2022
Argentinian UFC Fighter Cannetti to Receive Salary in USDC
Source Node: 1712898
Time Stamp: Oct 1, 2022
SPACE, NFTs and Abnormalities? Hyper Meteor LTD Has All the Components!
Source Node: 1069651
Time Stamp: Sep 12, 2021
$7.8 Billion Lost to Crypto Ponzi Schemes in 2022: Report
Source Node: 2154720
Time Stamp: Jul 1, 2023
The Netherlands Must Ban Bitcoin Ahead of Price Crash, Says a Dutch Official
Source Node: 915039
Time Stamp: Jun 11, 2021
Coinbase Blocks 25K Russian Addresses Supposedly Related to Illicit Activity
Source Node: 1622069
Time Stamp: Mar 7, 2022
Flash Loan Attack on BNB Chain Nets $1.57M in Record-Breaking Profit
Source Node: 2324095
Time Stamp: Oct 12, 2023
Bitcoin Mining Company Blockmetrix Closed a $43 Million Funding Round
Source Node: 1888577
Time Stamp: Mar 8, 2022
Crypto Regulation Remains an Urgent Policy, Despite Bear Market: ECB’s Villeroy
Source Node: 1703113
Time Stamp: Sep 28, 2022