Bitcoin’s hash rate and difficulty rebounds as miners recover from the China-induced exodus By BTC Peers – Investing.com

Bitcoin’s hash rate and difficulty rebounds as miners recover from the China-induced exodus By BTC Peers – Investing.com

Following the most dramatic disruption to mining activities fueled by China’s clampdown on crypto-related activities, it appears the industry is back on its feet and is on a path to full recovery.

In its Monday “Week On-chain” report, Glassnode said that the hash rate of the Bitcoin network had recovered despite losing half of its capacity in May.

Glassnode confirmed that both the hash rate and mining difficulty, which measures competition among miners seeking to solve the network’s next block, are both on a “consistent path to recovery.”