Bitcoin Hit Historical Slow Average Block Time


The below is an excerpt from a recent edition of the Deep Dive, Bitcoin Magazine‘s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

Over the weekend, the trend of falling hash rate on the Bitcoin network that has been observed over the last month accelerated in a historic manner. On Sunday, the average block time exceeded 23 minutes, the highest average block time on a day in over a decade, with the only other occurrences of slower average daily block intervals occuring before bitcoin even had a market price, back in 2009. 



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