Bitcoin’s hashrate reached a new all-time high of 179.4 EH/s on Apr. 5, according to data provided by CryptoQuant.
Advertisement
Advertisement
This took place on the same day the cryptocurrency scored its second-highest daily close ever of $59,101 on the Bitstamp exchange.
Mon, 04/05/2021 - 18:51
"Rich Dad Poor Dad" Author Predicts That Bitcoin Could Hit $1.2 Million
CryptoQuant CEO Ki Young Ju claims that miners keep accumulating Bitcoin, and they don’t intend to cash out their holdings:
Network fundamentals are getting stronger, and those who make the network strong don't cash out Bitcoins to buy new mining rigs. They buy mining rigs with cash, not Bitcoin.
'Mr. Wonderful' Now Focusing Only on BTC and ETH, Rejecting Other CoinsXRP Bears Destroyed by 3,042% Liquidation Imbalance, 2.6 Trillion Shiba Inu Exchange Outflow Spotted, Crucial Dogecoin Price Warning Issued — Crypto News DigestBitcoin Whale From Satoshi Era Breaks Silence With 640,000% Profit After 13 YearsTom Lee: 'Bitcoin and Ethereum Are Friends'
Dan Burgin
Vladislav Sopov
U.Today Editorial Team