Main navigation

Bitcoin Hashrate Hits New Major High Since 2009, Getting Stronger Amid COVID-19

News
Wed, 04/15/2020 - 13:46
article image
Yuri Molchan
The Bitcoin hashrate has hit a new major high since the coin’s inception in 2009. Meanwhile, the number of BTC wallets has surged over the past twenty-four hours
Bitcoin Hashrate Hits New Major High Since 2009, Getting Stronger Amid COVID-19
Cover image via stock.adobe.com
Read U.TODAY on
Google News
Contents

Bitcoin fundamentals seem to be rapidly increasing less than a month before the halving. The BTC hashrate is at a new crucial high and the number of Bitcoin wallets has surged over the past twenty-four hours.

BTC hashrate hits major high since 2009

On April 13, the hashrate of the flagship cryptocurrency hit a new major high. As shared by the Director of Communications and Marketing at TronWallet.Me, Misha Lederman, on his Twitter page:

“#Bitcoin hashrate hit its 3rd highest daily computing power dedicated by $BTC miners on April 13 since 2009 inception.”

He added that despite the current coronavirus pandemic still on the loose and the global economy suffering from its direct aftermath, including the US Fed’s massive QE and lockdowns all over the world, the Bitcoin network has become stronger.

“The fiat world economy may be in a downward spiral amid the #COVID19 crisis, but the #BTC network is instead becoming more resilient, robust & increasingly secure.”

Misha

Related
Billionaire Mark Cuban: Bitcoin (BTC) Has Potential Benefit If We Crash Thanks to Fed

Number of BTC addresses is 10.2 percent up

As reported by the analytical agency Glassnode, over the past twenty-four hours, the number of new Bitcoin addresses has printed a major rise and is now more than ten percent up.

The number of wallets now totals 16,124.792, adding around two thousand over a short period of time. It seems like more people are jumping on the Bitcoin bandwagon ahead of the approaching halving on May 12.

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.