Bitcoin's hashrate is showing a sharp increase, reaching a new historical high amid economic uncertainty and increased network activity.
Record Bitcoin Hashrate
According to blockchain explorer data, as of April 10, Bitcoin hashrate reached a new record of 924.98 EH/s. This value is close to the historical mark of 1000 EH/s, indicating a continued increase in the network's computational power.
Increased Network Activity
Recent data shows a significant increase in Bitcoin network activity. Over the past week, transaction counts have risen by 12%, while new address creation has surged by 15%. These figures reflect growing user engagement and the adoption of Bitcoin as a medium of exchange and store of value.
Bitcoin Price Outlook
The heightened activity in the Bitcoin network occurs amid price fluctuations in the cryptocurrency market, driven by economic uncertainty due to the tariff war. Now, analysts and investors are wondering whether the rising hashrate will have an impact on the future price of Bitcoin.
Thus, Bitcoin continues to attract attention not only for its price volatility but also for the increase in hashrate and network activity, which may indicate potential future developments in the cryptocurrency market.
