The hashrate of the BTC network set a new all-time high of 209 exahashes per second on January 1. This number indicates the computational power that is used for minting new coins.
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In June 2021, the BTC hashrate saw a major fall, dropping as low as 61 EH/s. The main reason for the decline was the crypto ban by the Chinese government. Many mining operators moved from China to other countries. As metrics show, the hashrate not only has recovered since then but surpassed previous records.
Along with the hashrate, the mining difficulty of the coin has surged and is close to a new peak.
Now, this metric stands at about 24.2 trillion.Bitcoin price, on the other hand, is around 31% down from its absolute high of $68.789, hit on November 10, 2021. The coin trades at about $47.400 currently. Bitcoin's market cap stands at around $896.9 billion, and its market dominance index is $39.7%.