bitcoin
Grid Wars: Bitcoin Hashrate Drops As AI Demands More Electricity
📰 sources⭐ 6.0
TL;DR:
Bitcoin’s network power dipped this week, falling back under the one-zettahash mark after several months above it. Reports show the seven-day average hashrate near 993 EH/s, a clear pullback from last year’s highs.
Key Points:
Background:
Bitcoin is the first and largest cryptocurrency by market capitalization, often viewed as digital gold and a store of value.
Why It Matters:
This development could influence BTC price action and market sentiment in the near term.