Bitcoin’s Hash Rate Surging Higher…

Hash rate and addresses holding one or more BTC are on the way up according to recent data…

Bitcoin’s Hash Rate Surges Higher Despite $2,000 Price Correction

“Digital asset manager Charles Edwards, a large proponent of using miner trends to predict Bitcoin’s price movements, recently noted that BTC’s hash rate is breaking out.

This breakout comes after the metric, which tracks how much computational power is allocated to mining Bitcoin, consolidated near its all-time highs near 130 exhashes per second for a number of weeks…

…The booming hash rate is one of many bullish trends for the leading cryptocurrency.

As reported by NewsBTC, the number of investors owning one Bitcoin, so-called ‘wholecoiners,’ has hit a new all-time high:

‘Unfazed by BTC’s price swings, the number of network addresses holding at least 1 BTC has shown a continuous growth over the years. The number of ‘wholecoiner’ addresses hit another ATH yesterday, closing the day above 823k for the first time.’”

https://www.newsbtc.com/2020/09/14/bitcoins-hash-rate-surges-higher-despite-2000-price-correction/

 

Master Asked on September 14, 2020 in Bitcoin.
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