Bullish Signals: Bitcoin Hash Rate 7X Higher Than During Its All-Time High Price Period in 2017

Bullish Signals: Bitcoin Hash Rate 7X Higher Than During Its All-Time High Price Period in 2017

Lujan Odera According to data provided on Blockchain.com, Bitcoin’s 7-day average hash rate is oscillating around 98,000,000 TH/s representing a seven times growth for the hashing power compared to Bitcoin’s bullish trend period in December 2017. Bitcoin’s hash rate is a measure of the power needed to mine Bitcoin blocks and keep the blockchain functional.