The network of Bitcoin continues to grow stronger despite the current geopolitical uncertainty around the globe and the economic turmoil. Its hashrate hit an all-time high following a recent spike.
It goes without saying that there’s a lot of economic turmoil and geopolitical uncertainty as international tension surrounding the relationship between Ukraine and Russia intensifies.Meanwhile, market participants are eagerly anticipating hinted rate hikes as inflation numbers keep getting higher.As CryptoPotato reported earlier this week, the Consumer Price Index in the United States clocked in at 7.5%, exceeding expectations.Amid all this, Bitcoin’s network keeps getting more robust.Data from BlockchainCom reveals that from February 11th to February 12th, the hashrate spiked by as much as 31%.The estimated number of terahashes per second the BTC network performs in the last 24 hours currently sits at 248.11 million per second – a new all-time high value.
Bitcoin’s Hashrate. Source: BlockchainCom
These are not exact values. Although the 30-day average is at an all time high, the 7-day average has not reached its highest level.
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