June 20, 2024

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Rapid Fluctuations in Bitcoin Fees Cause Brief Spike in Hashprice

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Rapid Fluctuations in Bitcoin Fees Cause Brief Spike in Hashprice
Rapid Fluctuations in Bitcoin Fees Cause Brief Spike in HashpriceBitcoin’s hashprice, representing the anticipated value of one petahash per second (PH/s) per day of hashing power, climbed to $95 per petahash on June 8, marking the highest level since the halving. The increase derived from a rise in onchain fees. However, by the following day, bitcoin fees had substantially decreased, causing the hashprice to […]