Crypto Flipsider News — Bitcoin Hashrate Sets ATH, YFI Jumps 11% in 24 Hours, More Billionaires are Turning to Crypto, Samsung to Add NFT Support, Bored Ape Reach New Highs, OKEx Processed $21 Trillion in 2021
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Bitcoin hashrate sets new ATH, Bitcoin’s price in first weekend of 2022.
Yearn.Finance (YFI) continues to outperform the market, jumping by 11%.
Samsung adds NFTs to smart TVs, sales and floor prices for Bored Apes reach new highs.
Fiat inflation fears are turning many billionaires to cryptocurrencies.
OKEx processed over 25 billion trades worth $21 trillion in 2021.
Bitcoin Hashrate Sets New ATH, Bitcoin’s Price in First Weekend of 2022
Recovering from its December decline, the hashrate (the processing power and security dedicated to the network) of Bitcoin set a new lifetime high on the first day of 2022. Despite losing one of its biggest hubs (China) in 2021, the hashrate of the Bitcoin network has since recovered.
On January 1st, the hashrate of the Bitcoin network briefly peaked above 224.32 exahash per second (EH/s). At the time of this writing, the hashrate of the Bitcoin network has steadied at around 194.8 EH/s.
The one-year hashrate chart of the Bitcoin Network
The price of Bitcoin also experienced a significant recovery in the first weekend of 2022. On Saturday, January 1st, the price of Bitcoin experienced a small price recovery, with Bitcoin retesting the $48,000 mark.
The January 1st price chart for Bitcoin. Source: Tradingview
The rally came after roughly $8.67 billion worth of BTC and ETH options contracts expired on December 31st. Having hit $47,881, but unable to break past $48k, the price of Bitcoin fell back down to $46,288 on Sunday 2nd. Bitcoin is now trading at $46,954 as of this writing.
- Despite Bitcoin’s mixed performance, El Salvador’s President, Nayib Bukele, believes that the crypto will hit $100k in 2022