Rapid Fluctuations in Bitcoin Fees Cause Brief Spike in Hashprice
![Rapid Fluctuations in Bitcoin Fees Cause Brief Spike in Hashprice](https://cryptonewschain.com/wp-content/uploads/2024/06/Rapid-Fluctuations-in-Bitcoin-Fees-Cause-Brief-Spike-in-Hashprice-1024x576.jpg)
Bitcoin’s hashprice, representing the anticipated value of one petahash per second (PH/s) per day of hashing power, climbed to $95 per petahash on June 8, marking the highest level since the halving. The increase derived from a rise in onchain fees. However, by the following day, bitcoin fees had substantially decreased, causing the hashprice to […]
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