Bitcoin Network Hashrate Surpasses 800 EH/s, BTC Price Targets New Highs
Bitcoin’s network hashrate has recently hit a milestone, surpassing the 800 exahash per second mark according to the seven day Simple Moving Average (SMA). This surge demonstrates the growing strength and stability of the Bitcoin network.
This increase in hashrate is significant as it reflects the amount of computing power being used to secure the Bitcoin network. A higher hashrate makes the network more secure against potential attacks and helps to confirm transactions more quickly.
The rise in Bitcoin’s hashrate is a positive sign for the cryptocurrency’s overall health and adoption. It shows that miners are continuing to invest in the network, indicating confidence in Bitcoin’s future growth and value.
As Bitcoin’s hashrate continues to climb, it reinforces the resilience of the network and its ability to withstand challenges and competition. This trend bodes well for the long-term viability of Bitcoin as a decentralized and secure digital currency.
