Bitcoin’s miners just hit beast mode. 🖤⚡
The network’s hashrate has rocketed to an insane 935 exahashes per second—that’s 935 quintillion calculations every single second locking down the blockchain. It’s the kind of number that screams confidence, with miners throwing millions into top-tier rigs and chasing the cheapest electricity they can find.
But here’s the kicker—the market doesn’t care.
Despite the record-breaking security, Bitcoin’s price is pacing back and forth between key levels, showing all the excitement of a cat on a sunny windowsill.
We’re in one of those moments where fundamentals look bulletproof, but market sentiment is half asleep. Technically, BTC is leaning hard on that $112K support—lose it, and we could freefall to $106K before buyers wake up.
The drag? The usual suspects: jittery U.S. economic data, mixed Fed chatter about rate cuts, and the dead air of summer trading. Even with Trump making noise about adding crypto to 401(k)s and hyping gold, the crowd’s staying cool. Ethereum’s stealing some spotlight with record activity, but dig deeper and a lot of it feels more like smoke than fire.
Bottom line: miners are all-in on Bitcoin’s future, traders are still on the fence. Hold $112K and we could grind higher—break it, and the floor might drop fast. For now, patience is the best trade.
$BTC #Bitcoin #BTC #CryptoMarkets #Mining