Despite the geopolitical uncertainty and ongoing economic turmoil around the world, the Bitcoin network continues to go from strength to strength. Following a recent spike, its hash rate hit another all-time high.

Needless to say, there is plenty of economic turmoil and geopolitical uncertainty as international tension around the Ukraine-Russia relationship intensifies. Meanwhile, market participants eagerly await hinted rate hikes as inflation numbers continue to rise. As CryptoPotato reported earlier this week, the consumer price index in the United States registered 7.5%, beating expectations. In the midst of all this, the Bitcoin network continues to go from strength to strength. BlockchainCom data reveals that from February 11 to 12, the hashrate skyrocketed by as much as 31%. The estimated number of terahashes per second made by the BTC network in the last 24 hours currently stands at 248.11 million per second, a new all-time high. Bitcoin hashrate. Source: BlockchainCom

However, it is worth noting that these are raw values. The 7-day average is not at its highest point, although the 30-day average is.

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