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Bitcoin sees report charges in 2024 as halving approaches

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Fast Take

Because the Bitcoin halving attracts close to, Bitcoin exercise is witnessing a major uptick in charges and hash charge.

Charges

On April 12, Bitcoin recorded its highest one-day charges in 2024, reaching a formidable $11 million. CryptoSlate reported on April 10 that this charge surge had regularly elevated since early April.

Curiously, Bitcoin and Ethereum charges are beginning to converge, with a distinction of simply $190k on April 14. Ethereum charges on April 14 hit $5 million, the bottom quantity since Feb. 5.

Hash Charge

Furthermore, Bitcoin’s hash charge continues to development increased, with a 4% enhance in April, reaching an all-time excessive of 625 eh/s utilizing a 14-day shifting common. This continued progress in hash charge is partly because of the Bitcoin halving, which is simply days away.

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