Bitcoin’s hashrate dropped over 25% after its price plummeted last week. The cryptocurrency’s hashrate grew significantly over the last 12 months as miners were competing for block rewards ahead of the halving, but its current price makes it hard for them to make a profit.
Google searches for the cryptocurrency, on the other hand, have surged after the price drop as major news outlets reported on it and drew attention to BTC.
Decentralized cryptocurrency exchange Sparkswap is shutting down after failing to “build a large enough audience to sustain the business over the long term.”
Top stories in the Crypto Roundup today:
- Bitcoin’s Hashrate Plummets After Crypto Market Crash
- Google Searches for ‘Bitcoin’ Spike Over Its Price Drop
- Decentralized Exchange Sparkswap Shuts Down
At the time of writing, bitcoin (BTC) is trading at $5,175.06 (-2.56%) with a daily Top Tier volume of $3.55. As for ether (ETH), it is trading at $112.77 (-3.96%) with a daily Top Tier volume of $788.9 million. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 1,810.35 (-1.87%)