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7-Day Bitcoin Mining Hashrate Reaches New All-Time High Despite Market FUD

Despite market uncertainty and recent FUD, on-chain data from Glassnode shows that the 7-day Bitcoin mining hashrate has reached a new all-time high of 381 EH/s. This metric measures the total computing power connected to the Bitcoin blockchain by miners and indicates that more machines are being brought online.

A higher hashrate can also indicate greater network security, as it becomes more difficult to complete a 51% hack. The rise in mining hashrate has been especially sharp in recent months, likely due to the increase in Bitcoin's price and resulting profits for miners.

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