Rapid Fluctuations in Bitcoin Fees Cause Brief Spike in Hashprice. Bitcoin miners experienced a brief period of significantly higher values for the computational power they contribute to the Bitcoin network. The hashprice, indicating the daily expected value of 1 PH/s, peaked at $95 on June 8. However, by 2 a.m. EDT on June 9, the hashprice had decreased to $62 per petahash. Bitcoin.com News reported on the increasing fees on June 7, as an analyst attributed the rise to the crypto exchange Okx consolidating numerous transfers.

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