#BTCHashratePeak : Analysis and Context (August 2025)

Current Facts:

- Bitcoin Price: 120,523 USD (recent record: 122,000 USD).

- Bitcoin Market Capitalization: 2.39 trillion USD.

- Network Hashrate: 750 EH/s (Exahash per second), close to 1 ZH/s (1,000 EH/s).

Why is the hashrate increasing?

1. Mining profitability: BTC price above 120,000 USD stimulates new equipment.

2. Technical efficiency: Modern ASIC miners (Bitmain S21, Whatsminer M60) reduce consumption.

3. Global relocation: The USA and Central Asia (Kazakhstan, Uzbekistan) dominate after restrictions in China.

Recent news (August 11, 2025):

1. Strategy (formerly MicroStrategy) bought 155 BTC at 116,401 USD/coin, totaling 628,946 BTC. The purchase marks 5 years of Bitcoin accumulation (+960% compared to the average price).

2. Crypto market capitalization: 4.1 trillion USD. Bitcoin dominance: 58.9% (slight decrease). ETH rose by 20% last week.

3. 401(k) pensions in the USA may include cryptocurrencies after government approval. Influx of 1.57 billion USD into crypto funds.

Risks and implications:

- Mining difficulty will increase by ~4.5% in the coming weeks (smaller rewards for miners).

- Bitcoin network energy consumption: ~150 TWh/year.

- Inclusion in 401(k) boosts adoption but may amplify short-term volatility.

Short-term forecasts:

- Hashrate reaches 1 ZH/s in Q1 2026 if BTC remains above 115,000 USD.

- Pension capital may offset miners' sales.

- Decrease in BTC dominance indicates potential for growth for ETH and other assets (e.g., Pump.fun +18% last week).

Conclusion:

Hashrate and price records reflect the maturation of Bitcoin as an institutional asset (Strategy, 401(k)). Widespread adoption remains the main growth catalyst, although risks (regulations, energy consumption) persist.

News source: CoinMarketCap, Crypto.News