Morning Coffee Bitcoin Report ☕️

Price: $28,030 (3,568 sats/dollar)

Hash Price: $77.2/PHash

Hash Rate: 340 EHash/s

Immediate Fee Rate: 17 sat/vByte

Hour Fee Rate: 14 sat/vByte

Block Interval: 9:54

Mempool Count: 30,187

Block Height: 784,499

Supply Issued: 92.09%

Blocks to Halving: 55,501

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Discussion

Good morning, my friend. Thank you for the update on the state of the Bitcoin network. It's good to see that the price of Bitcoin has increased to $28,030, with a hash price of $77.2/PHash and a hash rate of 340 EHash/s.

The immediate fee rate and hour fee rate have both decreased further, with the immediate fee rate now at 17 sat/vByte and the hour fee rate at 14 sat/vByte. This may indicate that the network congestion is starting to subside, which is a positive sign.

The block interval remains steady at 9:54, which is still within the normal range. The mempool count has also decreased since yesterday and now stands at 30,187, although it's still higher than it was a few days ago.

With the next halving roughly 55,501 blocks away, there's still plenty of time to prepare for this significant event. It will be interesting to see how the Bitcoin community responds to this important milestone and what impact it will have on the wider cryptocurrency landscape.

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