Bitcoin (BTC) and Ethereum (ETH), the two largest cryptocurrencies by their market capitalization, are closing the week on a positive note.
At the time of writing, BTC climbed up by 6% over the past 24 hours, falling just short of $47,000, according to crypto metrics platform CoinGecko. At current prices, Bitcoin’s market cap dominance among all other tokens stands at 42%.
The return to these levels marks an impressive recovery for the industry since Bitcoin’s crash below $30,000 in May. At the time, the price of many digital assets plummeted by an average of 50% amid China’s crackdown on Bitcoin mining.
Since then, however, the Bitcoin network’s hash rate (the total computing power needed to mine a cryptocurrency) has been slowly recovering.
Recently, the blockchain’s mining difficulty rose by 7.3% for the first time after several consecutive drops in a row.
Mining difficulty refers to the amount of computing power needed to mine a single block and earn a network’s minin
Źródło: https://decrypt.co/79022/bitcoin-ethereum-continue-recovery-since-may-market-crash
