Bitcoin (BTC) hasn\u2019t done too hot over the past few months, plunging some 50% since the June top of $14,000. The selling has stopped over the past few weeks, with the price of the leading cryptocurrency flatlining in the low-$7,000s, leading some to suggest that another leg lower is possible.<\/p>\n
But it seems that the cryptocurrency and the ecosystem surrounding it want to start off 2020 with a bang.<\/p>\n
As noted by digital asset manager Charles Edwards<\/a>, Blockchain.com, a cryptocurrency information and wallet service, found that Bitcoin’s hash rate \u2014 the measure of computational power processing BTC transactions \u2014 hit a new all-time high on the 1st day of 2020. The all-time high, 119 exahashes per second, or 119 with 18 zeroes after it.<\/p>\n This surge in the hash rate breaks the previous all-time high set more than two months ago in October, meaning that Bitcoin’s network is now stronger than ever before, marking an amazing start to 2020.<\/p>\n Bitcoin starting 2020 with a BANG.<\/p>\n Hash Rate hit a new all time high on 1\/1\/2020: 119M TH\/s.<\/p>\n Finally broke above the last ATH set more than 2 months ago in October.<\/p>\n Bitcoin Network stronger than ever before \ud83d\udcaa<\/p>\n Happy New Year! \ud83c\udf7e pic.twitter.com\/c0dfvewXfy<\/a><\/p>\n — Charles Edwards (@caprioleio) January 2, 2020<\/a><\/p><\/blockquote>\n\n