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Bitcoin Hashrate Hits 3-Month High: Is BTC Price Next?

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Bitcoin hashrate, the computing power of the network, has hit levels last seen in November 2018. Bitmain-operated hashrate, however, has hit its lowest point in the last 16 months. 


Bitcoin Hashpower at a 3-Month High

As of yesterday, February 7th, Bitcoin hashrate has hit over 50 quintillion hashes per second according to data from Blockchain.com.

The last time the computing power of Bitcoin’s network saw these levels was in November 2018.

The rise in hashrate translates into new miners joining the network as the mining difficulty has dropped for the first time in 2019 by about 1.5 ...

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