Rapid fluctuations in Bitcoin payments cause a brief increase in Hashprice

Bitcoin's hash price, which represents the value of one petahash per day (PH/s) of expected hashing power, peaked at $95 per petahash on June 8, marking the highest level since the decline. The increase was due to an increase in on-chain payments. However, the next day, Bitcoin payments dropped significantly, causing the hash rate to drop […]