#BTCHashratePeak
The Bitcoin network hashrate is a measure of the total computational power being used to mine and process transactions on the Bitcoin blockchain. A higher hashrate indicates a more secure network, as it becomes more difficult and expensive for any single entity to attempt a 51% attack.
Bitcoin's hashrate has been on an upward trend over the long term, with new all-time highs being reached as more powerful mining hardware is deployed and more miners join the network.
The hashrate fluctuates daily due to factors such as the randomness of block discovery, but looking at a 7-day or monthly average can give a better representation of the underlying trend. The hashrate is closely tied to the price of Bitcoin, as higher prices incentivize more miners to join the network, thus increasing the hashrate.
