Insights

Bitcoin hash rate booms as BTC breaks through $24k

exchange68September 13, 2024

0 0 1 minute read

Quick Take

Bitcoin breaks through $24,000 and has been up 24.6% since Friday morning.
More miners are starting to come online, and over a 14-day period, see the second biggest adjustment over a 14DMA for over a year.
The previous Bitcoin difficulty adjustment saw a 1% increase. However, the next difficulty adjustment is predicted to be between 5 and 15%.

Hash Rate Adjustment: (Source: Glassnode)

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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