Bitcoin’s hash rate has surged by a whopping 10.8%! This recorded a new all-time high for Bitcoin’s hash rate on a daily basis. While this increase in the hash rate confirms greater security for the Bitcoin network, there are a lot of other factors that contribute to the metric.
The overall crypto market cap gained a little over 5% this week, thus bringing crypto price well away from the nearest trendline support. Bitcoin price managed to scale nearly 6.5% and is currently at $20,000.