{"id":4751,"date":"2024-10-22T02:06:03","date_gmt":"2024-10-22T02:06:03","guid":{"rendered":"https:\/\/cryptoopia.com\/cryptocurrency\/4751.html"},"modified":"2024-10-22T02:06:03","modified_gmt":"2024-10-22T02:06:03","slug":"bitcoin-btc-hashrate-suddenly-prints-new-ath-over-925-eh-s","status":"publish","type":"post","link":"https:\/\/cryptoopia.com\/cryptocurrency\/4751.html","title":{"rendered":"Bitcoin (BTC) Hashrate Suddenly Prints New ATH Over 925 Eh\/s"},"content":{"rendered":"

U.Today – The Bitcoin<\/span> (BTC) hashrate, i.e., the aggregated number of hashes that all Bitcoin (BTC) mining computers calculate per second, has reached a record-breaking level. Bitcoin (BTC) difficulty might hit an all-time high tomorrow, after a predicted positive adjustment.<\/p>\n<\/p>\n

Bitcoin (BTC) hashrate hits new all-time high<\/h2>\n

Bitcoin (BTC), the largest cryptocurrency network, has reached a new hashrate record. Today, after a whopping 25.3% overnight spike, it reached 925 Eh\/s (quintillion hashes per second). It is the highest ever level observed for this metric in all of Bitcoin’s (BTC) history.<\/p>\n

Bitcoin (BTC) mining difficulty, i.e., the indicator of how difficult is to find the next hash of a Bitcoin (BTC) block, is also set to reach a record-breaking value.<\/p>\n

In tomorrow’s adjustment, it is expected to gain 4.17% and surpass 95.88 T. The previous high was registered in mid-September over 92.76 T.<\/p>\n

Currently, the Bitcoin (BTC) network is processing blocks 40 seconds faster than expected. This mirrors the growing Bitcoin (BTC) network activity and, therefore, the optimism of miners.<\/p>\n

When miners are looking for potential gains, they most likely add new hardware to the network, which is reflected in increased hashrate and mining difficulty.<\/p>\n<\/p>\n

Bitcoin (BTC) bull run finally starting?<\/h2>\n

The Bitcoin (BTC) price made a comeback in recent days. Today, Oct. 21, 2024, in the early morning hours, it reached $69,500, the highest since mid-June.<\/p>\n

As a result, Bitcoin (BTC) investors immediately turned greedy: the Fear and Greed Index reached 72\/100, which is an indicator of strong greed.<\/p>\n

In the last 24 hours, short positions have covered over 70% of liquidations on derivative markets. <\/p>\n

As covered by U.Today previously, Bitcoin (BTC) has only five days left to start a bullish phase. Otherwise, the market would log the longest bearish recession ever.<\/p>\n

According to CryptoQuant’s CEO Ki Young Ju, we might be seeing the longest sideways in a halving year in BTC’s history.<\/p>\n

This article was originally published on U.Today<\/p>\n","protected":false},"excerpt":{"rendered":"

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