Bitcoin Hashrate Posts Steepest Three-Year Drop Amid Global Pressures

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Bitcoin’s hashrate saw its most dramatic fall of the last three years between June 15 and Tuesday, according to Blockchain.com data.

Bitcoin’s hashrate decreased from nearly 943.6 billion terahashes per second (TH/s) on June 15 to 799.9 TH/s on Tuesday, a decline of more than 15%.

Bitcoin hashrate three-year chart. Source: Blockchain.com

The sharp drop has fueled speculation about possible geopolitical and environmental causes.

While the reason behind the sudden downturn is not yet confirmed, many in the cryptocurrency community are pointing to Iran…



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Bitcoin Hashrate Posts Steepest Three-Year Drop Amid Global Pressures


Bitcoin’s hashrate saw its most dramatic fall of the last three years between June 15 and Tuesday, according to Blockchain.com data.

Bitcoin’s hashrate decreased from nearly 943.6 billion terahashes per second (TH/s) on June 15 to 799.9 TH/s on Tuesday, a decline of more than 15%.

Bitcoin hashrate three-year chart. Source: Blockchain.com

The sharp drop has fueled speculation about possible geopolitical and environmental causes.

While the reason behind the sudden downturn is not yet confirmed, many in the cryptocurrency community are pointing to Iran…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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