The Bitcoin network has once again recorded a significant milestone, reaching an all-time high hashrate of 120 terahash. This event indicates network security growth and increased participant numbers.
Increasing Hashrate and Miners' Participation
In recent years, Bitcoin's hashrate has shown significant growth. Since the beginning of 2023, it has reached its peak, indicating an increase in the number of miners and the deployment of more advanced equipment. The rising hashrate has resulted from mining activities that are preparing for the upcoming block reward reductions.
Technical Indicators of Network Growth
The increasing hashrate of Bitcoin also reflects the improvement of network metrics. The moving average (MA) indicator displays transitions from green to red, indicating network security growth. Over the past three years, the hashrate has tripled, signifying the stability and evolution of the network.
Signals of Enhanced Network Security
High hashrate values in the Bitcoin network are accompanied by increased security levels. With the current Bitcoin price above $82,000, mining remains profitable. This may prompt institutional investors to increase their investments in mining facilities.
The achievement of Bitcoin's historical hashrate record confirms the resilience and security of the network, which may attract more investor interest.
