Bitcoin price reached a three-week high

Bitcoin price

Today, August 5, the price of BTC jumped to the levels above $11,600, the last time observed in the second half of July.

As you can see, the pulse growth was accompanied by a surge in trading volumes. “According to the old tradition,” Bitcoin pulled along with the rest of the market.

Nevertheless, the growth rate of BTC prices is much higher than that of highly liquid altcoins. This is also reflected in the consistently high Bitcoin dominance index, which is held at 67.7%. The total market capitalization exceeded 300 billion.

Amid rising prices for the first cryptocurrency, record levels of mining difficulty reached an indicator. So, after the recalculation that took place this night, the complexity increased by 10.78%, approaching 10 trillion hashes.

Along with complexity, the hash rate of the first cryptocurrency network is growing steadily.

Recall, earlier DataLight researchers found a close correlation between the dynamics of the price of BTC and the complexity of its production.

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