Bitcoin mining has fully recovered since the Chinese crypto crackdown earlier this year, which effectively shut down more than half of the world’s miners overnight.
Although Bitcoin mining recovered, the price of the bitcoin still remains below $50,000 region. At the time of writing this article, bitcoin was trading at $48,566.70.
Hashrate, a statistic used to quantify the computational power of all miners in the bitcoin network, is used to determine the recovery. The data from Blockchain.com paints a clear picture of the recovery and the prior plunge.
