Greed

Search

Bitcoin

when

April

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-network-shows-resilience-with-steady-mining-metrics">Bitcoin Network Shows Resilience with Steady Mining Metrics</a><br></p>
<p style="text-align: justify"> Despite the recent fluctuations in <a href="https://en.bitcoinhaber.net/investor-retreat-bitcoin-etfs-see-major-withdrawals">Bitcoin</a>‘s market value, the underlying health of the Bitcoin network indicates robustness and growth. Data points to a consistent <a href="https://en.bitcoinhaber.net/bit-digital-achieves-remarkable-39-revenue-increase-and-expands-global-operations">mining</a> difficulty, signaling stability in the network’s infrastructure. The calculated difficulty remains close or at its peak at 95 trillion. Concurrently, the network’s hash rate, which measures computing power, maintains a robust level. </p> 
<h2 id="halving-event-spurs-miner-activity">Halving Event Spurs Miner Activity</h2> 
<p style="text-align: justify"> In anticipation of the upcoming Bitcoin block subsidy halving on April 20th, when the reward for mining new blocks will halve to 3.125 Bitcoins, mining activity has surged. Proof of this heightened activity came on March 24th when the network reached a historical high of 741 EH/s. This milestone is considered a significant event in the cryptocurrency sector as it has implications for miner profitability and network <a href="https://en.bitcoinhaber.net/decentralized-finance-platform-kyberswap-faces-layoffs-and-innovations-post-hack">security</a>. </p> 
<h2 id="investor-sentiment-and-search-interest-vary">Investor Sentiment and Search Interest Vary</h2> 
<p style="text-align: justify"> Investor Mike Alfred forecasts a substantial shift in the mining landscape post-halving, as miners update their equipment for continued profitability. He suggests a looming correction in the global hashrate due to obsolete hardware being phased out. Meanwhile, Google Trends data indicates a decline in mainstream interest in Bitcoin compared to the peak levels of 2021. Despite the reduced search intensity, the overall crypto market sentiment remains on the greedy side, as observed through the Crypto Fear and Greed Index score. </p> 
<p style="text-align: justify"> Willy Woo, a recognized statistician, argues that the strength of Bitcoin’s market should not be underestimated, especially when contrasting its behavior with traditional finance. He emphasizes that while traditional markets may panic in bear phases, the Bitcoin market is characterized by steep bull runs and fear of missing out (FOMO) among participants. </p> 
<p style="text-align: justify"> These data points underscore the continuing maturation of Bitcoin’s ecosystem and the adaptive response of its participants to market and technological changes. As mining difficulty and hashrate maintain high levels, the network appears poised to navigate the halving event with resilience.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-network-shows-resilience-with-steady-mining-metrics">Bitcoin Network Shows Resilience with Steady Mining Metrics</a></h5>

Bitcoin Network Shows Resilience with Steady Mining Metrics

目录

BH NEWS

发布于 2024年3月25日的其他文章

Bitcoin vs Altcoins: The battle for dominance rages on, who will prevail?

A Comprehensive Guide to ERC-404: A Hybrid Token Standard

SEC v. Ethereum: What to Expect and Why It Is Crucial to Crypto Market

China Bans Intel Chips in Government Computers, Boosts Domestic Semiconductor Industry

JUP up over 50%; Solana ecosystem thrives; GFOX eyes $5 million

Leveraging Google Sheets and AI for Advanced Web Scraping: A Game-Changing Strategy

订阅我们免费的电子期刊，获取每日最新加密领域动态！