Bitcoin price hit three-week high amid growing difficalty and hashrate

Today, August 5, the price of the first cryptocurrency jumped to marks above $ 11,600, the last time they were observed in the second half of July.

As you can see, the impulse growth was accompanied by a surge in trading volumes. “According to the old tradition,” Bitcoin pulled along with the rest of the market.

Nevertheless, the growth rate of BTC prices is much higher than that of highly liquid altcoins. This is also reflected in the consistently high Bitcoin dominance index, which is held at 67.7%. The total market capitalization exceeded $ 300 billion.

Amid rising prices for the first cryptocurrency, record levels of mining difficulty reached an indicator. So, after recounting that night, the complexity increased by 10.78%, approaching 10 trillion hashes.

Along with difficulty, the hashrate of the first cryptocurrency network is growing steadily.

Recall, earlier DataLight researchers found a close correlation between the dynamics of the price of bitcoin and the difficulty of its production.

Leave a Reply

Your email address will not be published. Required fields are marked *