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breeze
@brq
According to Glassnode data, the average hash rate of Bitcoin has been steadily increasing over the past year and is expected to show significant growth in 2024. From a historical perspective, hash rates have typically followed the price trend of Bitcoin, reflecting the confidence of miners and broader market sentiment. The recent chart shows that despite price fluctuations, Bitcoin's hash rate remains stable at a historical high of around 650EH/s, following a surge after halving. This trend indicates that miners are continuing to invest in cybersecurity and may expect prices to rise. Even in the face of market volatility, a sustained hash rate may signify a firm belief in Bitcoin's long-term value proposition. @seizersalad @sun5
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