Btrz_JokerBTC_728x90_en.gif

Bitcoin Price Poised for 'Imminent' Breakout As Network Hashrate Hits Record Highs


The price of bitcoin could see an ‘imminent’ breakout, according to the latest Glassnode data. The data firm says bitcoin (BTC) has been flashing bullish for the past six weeks amid positive onchain activity. Meanwhile, the BTC network hashrate has continued to grow, with the seven-day average reaching 123.4 exahash per second (EH/s) on Monday. In a report published July 6, the Glassnode Network Index (GNI), which measures the overall state of the Bitcoin network, rose by one point week-on-week, to a value of 56 points. At the same time, the BTC price slid from $9,125 to $9,070, a stability largely unexpected. Read More...



Antminer Banner.png