Posted 3/31/2024, 2:10:00 PM
Bitcoin Price Holds at All-Time High as Surging Hashrate Signals Miner Optimism
- Bitcoin price held above $70k, matching its previous all-time high from Nov 2021
- Bitcoin's hashrate now over 700 EH/s, about 3 times higher than at the last price peak
- Higher hashrate means the Bitcoin "money container" can now store 3 times more value
- Bitcoin hashrate has rallied 30+ months after last major dropdown in 2021
- Surging hashrate signals miners are optimistic about future Bitcoin price growth
