🚀 **Bitcoin Hashrate Hits New All-Time High!** 🚀

The Bitcoin network hashrate soared to a record 627 exahashes per second (EH/s) this week, marking a significant recovery from an 8.5% dip in July. This spike comes as BTC hovers around $58,000, still 20% below its all-time high of $73,000.

📈 **Increased Mining Difficulty**

With the hashrate surge, mining each block becomes more challenging and competitive, requiring more computing power and energy. However, this also means enhanced security for the Bitcoin network.

💰 **Miner Hash Price Plummets**

Despite the hashrate increase, miner hash price dropped to a record low of $0.038 per TH/s. This decline coincided with a miner capitulation, as BTC briefly dipped to $49,500, leading to significant outflows and reduced profit margins.

🔄 **Smaller Miners Selling**

While larger mining entities continue to accumulate BTC, smaller miners are selling due to low profitability. This trend often signals a local bottom for BTC prices during bull cycles, hinting at a potential rally ahead.

Stay optimistic, Bitcoin enthusiasts! 🌟