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A record high skyrockets Bitcoin’s hash rate, prices soar to $9k

Bitcoin’s hash rate has reached notched a rate of 61 quintillions hashes a second this week. This figure is noted to be the highest mark with the previous one just below 60 quintillions which was set in last year’s August.

The new hash rate achieved is in trending a pattern observed in 2019, the figures have shown to slowly increase every week. The mining nodules are very dynamic generating better security to ward off malicious threats on the blockchain. The Bitcoin cash has seen some relief and risks of lower hash rates in blockchain are monitored. The record high definitely takes out any possibilities of mining succumbing to lower hash rates as it did in the past by more than 44%.

The Transaction fee is seemingly untouched

The hash rate has enjoyed a good amount of growth. The active addresses of Bitcoin have reached over 1 million again. The routine rise hasn’t made an impact much on the transaction fee. The mean business deal fee is noted to be at $1.31. The wallets have a better charge calculation data which enable low fees.

The price crosses 9,200$ mark

The network has reached a record hash rate; the Bitcoin price has reached the top mark of 9,000 U.S dollars. Bitcoin had embarked at 9,289$ mark which set a brand new annual high for the highest rated cryptocurrency. The market analyst Mati Greenspan claimed that the best symptoms of BTC price locomotion are the network basics. The price peaking was predicted as network activities claimed record highs.

Progressive 2019

At this moment bitcoin is before off charge like compared to the last hash rate record high when BTC traded at $ 6,690. Bitcoin has accelerated to more than 145% since the dawn of 2019. It has further amped more than doubling the market price since the start of April

*It's not a financial advice

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