{"id":43373,"date":"2021-12-08T16:23:00","date_gmt":"2021-12-08T15:23:00","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=43373"},"modified":"2021-12-08T16:23:00","modified_gmt":"2021-12-08T15:23:00","slug":"bitcoins-btc-hash-rate-sees-93-ascension","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/bitcoins-btc-hash-rate-sees-93-ascension\/","title":{"rendered":"Bitcoin’s (BTC) hash rate sees 93% ascension"},"content":{"rendered":"
Bitcoin hash rate has seen an incredible rise of more than 93%<\/strong> and is about to reach its ATH in 180EH\/s. It’s a considerable rise after the hash rate fell by over 50% in May and can result in many opportunities in the market. There are many reasons behind the fall and rise of hash rate that changes the situation for both miners and traders<\/strong>.<\/span><\/p>\n <\/p>\n According to the latest analysis by Glassnode<\/a>, the Bitcoin hash rate is currently at 172EH\/s. The analysis is posted on Twitter <\/span>saying<\/span><\/a>:<\/span><\/p>\n “#Bitcoin hashrate has almost completely recovered, sitting only 4% below the ATH (7-day moving average basis). Network hashrate fell by over 50% in May following China’s ban on #Bitcoin mining. Hashrate has since climbed by 93% from the lows, hitting 172 Exahash\/s today.”<\/span><\/em><\/p>\n As mentioned in the tweet, the ban on crypto mining in China that was announced in May had a considerable effect on the status of the Bitcoin hash rate<\/strong>. The hash rate fell from an ATH of 180EH\/s to 89EH\/s. It was the lowest point for this metric in 2021. Everyone remembers the effect of that falling on the market. But it started to rise since then and climbed about 93%. Experts believe the hash rate can hit an ATH in the coming weeks.\u00a0<\/strong><\/span><\/p>\n