Onchain Highlights DEFINITION: The average estimated number of hashes per second produced by the miners in the network. Bitcoin’s mean hash rate has demonstrated consistent growth over the past year, with significant increases observed in 2024. Historically, the hash rate has often paralleled Bitcoin’s price movements, reflecting miners’ confidence and the broader market sentiment. The […]
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Bitcoin’s hash rate stabilizes at historic highs post-halving, signaling strong miner confidence