The Bitcoin network hashrate hit a new all-time high of 746 EH/s on September 3rd, showcasing improved security and fundamentals. This comes as Bitcoin prices decline, underscoring the disconnect between short-term pricing and long-term network health.
Mt. Gox's rehabilitation trustee transferred around $6 billion worth of Bitcoin to new wallets, taking further steps to reimburse creditors from the exchange's infamous 2014 hack.
Bitcoin's price plunged below $55,000 as the now-defunct Mt Gox exchange began distributing billions in owed funds to creditors, sparking a broader Bitcoin and crypto market sell-off.
Wall Street firm Bernstein made a bold $1 million Bitcoin price prediction by 2033, touting unprecedented demand and constraints on supply in a new report.
Renowned author Robert Kiyosaki has predicted bitcoin will surge to $350,000 by August 2024, citing his lack of faith in current U.S. leadership and endorsing Bitcoin as an alternative.
