Bitcoin’s hash rate surges as 2024 halving draws near

Bitcoin's hash rate, a key measure of network strength, is steadily climbing beyond 400 eh/s. This surge suggests a rise in mining activity, but the question is, why? What event are these miners preparing for with such confidence? And what does it say about Bitcoin's future value? ...To access this insight, connect your Solana wallet or learn more about CryptoSlate Alpha.Unlock this insight with CryptoSlate AlphaThis insight is only available for CryptoSlate Alpha members. CryptoSlate Alpha is a web3 membership built to empower you with cutting-edge insights and knowledge, built in partnership with Access Protocol.👋 Hey, connecting to CryptoSlate Alpha requires authentication using Access Protocol. CryptoSlate is a launch partner of Access Protocol and we are also invested in the project through a grant we received. For more information, see our terms page.To access CryptoSlate Alpha, you will need 1. Solana WalletConnect a Solana self-custody wallet (Phantom, Solflare or Torus). 2. Stake ACSStake 20k ACS (native token of Access Protocol) to the CryptoSlate pool.Included in your membership Exclusive Research & Analysis Crypto, Macro & DeFi InsightsAlready holding ACS? Connect & stake now → Join Access Protocol to get CryptoSlate AlphaDisclaimer: By choosing to lock your ACS tokens with CryptoSlate, you accept and recognize that you will be bound by the terms and conditions of your third-party digital wallet provider, as well as any applicable terms and conditions of the Access Foundation. CryptoSlate shall have no responsibility or liability with regard to the provision, access, use, locking, security, integrity, value, or legal status of your ACS Tokens or your digital wallet, including any losses associated with your ACS tokens. It is solely your responsibility to assume the risks associated with locking your ACS tokens with CryptoSlate. For more information, visit our terms page.Latest Alpha Market Report Available exclusively viaBitcoin’s historical performance: September dips and year-end rallies Andjela Radmilac · 2 days ago CryptoSlate's latest market report dives deep into Bitcoin's historical monthly and quarterly returns, focusing on the period between 2013 and 2024 to assess the likelihood of a similar pattern unfolding in 2024. Latest Insights Annual US inflation falls to 2.5% as monthly CPI increases 0.2%, Bitcoin initially remains stable 12 hours ago Bitcoin’s correlation with Nasdaq rises to 0.39, diverges from gold at -0.40 Data via Glassnode 13 hours ago US national debt hits $35.3 trillion as Bitcoin’s relative strength alters perspectives 14 hours ago