Bitcoin : Bitcoin Hashrate Breaches All-Time High, Investors Remain Bullish
*”Following Bitcoin’s monumental run-up to $20,000 in late 2017, prices began to fall, and have barely stopped to breath on the way down. As it stands, the price of BTC has declined by over 60% since its all-time high, rightfully leading some to believe that mining activity fell in correlation with prices. But crypto miners have seemingly shrugged off the drop, with the Bitcoin hashrate establishing new highs on a near-weekly basis.”*
### Bitcoin Hashrate Rises Amidst Bearish Market
“*While Bitcoin’s hashrate figure has been on an unrelenting crusade upwards for the better part of a decade, in the past 72 hours, Bitcoin’s hashrate has seen a non-linear spike to the upside. As per data compiled by* [*Blockchain*](https://www.blockchain.com/charts/hash-rate)*, a US-based crypto infrastructure firm, the hashrate of the network saw a 35% run-up on Saturday and Sunday to a breath-taking ATH of 62 EH/s (quadrillion hashes/second)”*
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*“The increased hash rate means people are here for the long-term because they’re happy to just accumulate what they have, potentially even run at a loss. At the same time, At the same time, they do sometimes have to clear house and dump (though).”*
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Bitcoin
Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority.
FindCrypto scans the web for the latest Bitcoin news, so you can find all the latest and breaking news in one convenient location.Author: JesseJames3rd
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