Bitcoin (BTC) Hash Rate Reaches Highest Level Since May 29

The network’s seven-day average hash rate reached 1,031.61 exahashes per second (EH/s) as of Oct. 17, while miners’ combined holdings rose by 379 BTC over the week to 1,192,622 BTC. The latest hash-rate reading was about 44.08 EH/s higher than a week earlier and marked the highest level since May 29. It follows a three-week low in the seven-day average recorded in late September . The Puell Multiple fell to 0.99, down 0.14 from a week earlier. The indicator compares the dollar value of newly issued BTC with its average over the previous 365 days; the latest reading means daily issuance value was slightly below that average. Hash rate reached its highest level since May 29, while the dollar value of daily BTC issuance was slightly below its 365-day average.

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