The average weekly bitcoin hash rate for the first time reached 129 TX / s against the backdrop of renewed growth in the BTC rate and expectations of an increase in mining profitability.
Ongoing Bulls Fight for the Price Level$ 12K without significant kickbacks gives miners hope for stable development. In anticipation of an increase in profits, they connect new computing power, which increases competition and leads to an increase in the hashrate of the Bitcoin network.
According to blockchain.com, the weekly average has been rising steadily in recent weeks andhas already exceeded 129.075 TX / s, which is a new record. The current growth is partly driven by miners' belief in further price increases.
Although the bulls failed to overcome the levelresistance is in the area of $12 thousand, but they control the situation and do not allow a rollback below $11 thousand. At the time of publication, the BTC rate is fluctuating around $11 877.
Some analysts believe that in 2020Many investors have become disenchanted with traditional financial instruments and will increasingly favor gold and digital assets to maintain the value of their portfolios.
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