#BitcoinHashRateSurge
Bitcoin’s hash rate has recently surged to record levels, exceeding 1,000 exahashes per second (EH/s) at the end of 2024. (Binance)
This surge reflects a significant increase in the computational power dedicated to Bitcoin mining, enhancing the network’s security and resilience against attacks.
The growth in hash rate is attributed to advancements in mining technology, increased reliance on renewable energy sources, and incentives tied to Bitcoin’s recent halving event. (ZebPay)
Historically, there has been a correlation between rising hash rates and Bitcoin price increases, as a stronger network is often seen as a sign of confidence in the cryptocurrency.
Currently, Bitcoin is trading at approximately $99,309, reflecting a 1.7% increase over the past 24 hours. The intraday high and low are $99,892 and $97,274, respectively.