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Is Bitcoin's hash rate on the rise along with its price?


Nick Robinson

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Bitcoin’s hash rate is moving in the same direction as its price but is not moving at the same pace. In fact, bitcoin’s hash rate (the total computing power of the bitcoin mining network) reached its new all-time highs this week of 65.19 trillion hashes per second. This rise can signal an increase of interest in bitcoin mining, and therefore an increase in interest in bitcoin itself. As the cryptocurrency grows in price and establishes support above $9,000 levels, the hash rate is going up more than ever. With it now being at a record high, bitcoin’s price continues upwards and is at its yearly high of over $9,800 at the time of writing. It is currently testing the price level of $10,000.
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