As Bitcoin is making huge headlines due to its drastic price movements in the recent tariff war, it has been also seeing continued increase in hashrate. As of April 10, Bitcoin hashrate has yet make another all-time high with it touching 924.98 EH/s and nears the historical mark of 1000 EH/s.
As per blockchain explorer data, the new all-time high of 924.98 EH/s follows the continuing upstick started since April 2.
The new hashrate peak aligns with a noticeable uptick in network activity. Blockchain data reveals a significant increase in both transaction volume and the creation of new addresses, reflecting heightened user engagement.
Bitcoin hashrate is a measure of the total computational power used to secure the Bitcoin network through mining. It represents the number of hash calculations performed per second by all miners combined as they work to validate transactions and create new blocks on the Bitcoin blockchain.
Over the past week, daily transaction counts have risen by 12%, while new addresses have spiked by 15%, signaling growing adoption and usage of Bitcoin as a store of value and medium of exchange.
This increased activity comes at a time when Bitcoin’s price has been whipsawing amid the broader economic uncertainty caused by the tariff war. Now investors and analysts are speculating whether Bitcoin price will follow the increase in hashrate or not.
Also read: Fartcoin Price Pumps 47% in 24 Hrs Amid Trump Paused Tariffs
