Bitcoin (BTC) Average Hashrate Spikes to 1 ZH/s For The First Time Ever

Key Points

1. Bitcoin's (BTC) average hashrate exceeded 1,000 Ehashes per second, marking the first time it reached 1.05 Zettahash per second.

2. The network's difficulty increased by 1.07% to 127.62 T, with a 30% rise over the past year and a 70% increase in average hashrate.

3. Block time dropped to 8 minutes and 42 seconds, 13% faster than the standard 10-minute target.

4. The next difficulty adjustment is expected to be small but positive, continuing the trend of increasing network security and efficiency.

5. Bitcoin's (BTC) price reached $118,500 amid moderate trader optimism, with a 0.5% increase on the day of the announcement.