Bitcoin

Bitcoin has historically hit a slow average block time


Below is an excerpt from a recent release of Deep Dive, Bitcoin MagazinePremium Markets Newsletter. To be among the first to receive these and other on-chain Bitcoin market insights straight to your inbox, subscribe now.

Over the weekend, the Bitcoin network hash rate declining trend observed over the past month accelerated in a historic fashion. On Sunday, the average block time exceeded 23 minutes, the highest average block time in a single day in more than a decade, with the only other iterations of slow average daily block periods occurring before bitcoin had a market price, in 2009 .



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