Bitcoin’s Hash Rate Remains Flat Despite Major Price Rally

Cointelegraph

Published Aug 10, 2020 02:26PM ET

Updated Aug 11, 2020 04:20PM ET

Bitcoin (BTC) mining activity doesn’t seem to be reacting to the recent price rally that took the asset from approximately $9,000 in early July to almost $12,000 at time of publication.

According to data from Coinmetrics, hashrate spiked around July 7 and has remained largely flat amid fluctuations to the downside.

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