Bitcoin's hash rate has once again reached its peak, demonstrating that the network is operating at full capacity.
This indicator reflects the total computational power of miners, and its growth usually signifies two things:
1. miners are confident about the future $BTC ;
2. competition for mining is becoming even tougher.
A high hash rate is also a signal of network security: the more power, the harder it is to execute a 51% attack. For investors, this is an indirect but important indicator of the health of the Bitcoin ecosystem.
Does this mean the price will go up? Not necessarily.
But one thing is certain: the fundamentals of BTC are becoming only stronger.
