The hashrate of Bitcoin which fell significantly after the China mining crackdown, started to recover, going up by around 15%.
Related: Coinbase expects Bitcoin ETF approval by end of 2021
Hashrate indicates the amount of computing power used in a second for BTC mining.The seven-day moving average of BTC hash rate reached 100 exahashes per second (EH/s) which is the highest result in three weeks. It equals one quintillion (1,000,000,000,000,000,000) calculations, made every second while to mine the coin. The progress is connected with miners changing their places of operations from China to other countries.
Previously, China was leading the BTC mining global capacity having its 65%.
The prices of Ethereum and other cryptocurrencies have also increased. Currently, Ether trades at over $2.300. The total crypto market cap is $1.56 trillion.