BTC Price Falls Hard, But Miners Aren’t Backing Down
By April 10, 2025, the price of Bitcoin had dropped significantly from its peak of $109,000 to $80,000. Nevertheless, despite the market’s downturn, the hash rate and mining difficulty of the Bitcoin network hit historical highs.
During this time, mining difficulty and its defining factor for block creation problems increased to previously unheard-of levels. Miners are investing more resources in the blockchain security operation, as seen by current mining trends.
Bitcoin’s Hash Rate Signals $5 Trillion Valuation Potential, Says CryptoQuant CEO
Higher mining difficulty appears to be associated with worse outcomes for the typical person. Because it takes more energy and processing capacity to carry out operations at current prices, mining Bitcoin becomes less lucrative as the difficulty rises. Rising numbers are interpreted by cryptocurrency specialists as a positive market indication.
With his recent remarks, Ki Young Ju, CEO of CryptoQuant, contributes to boosting market optimism. An estimated $5 trillion in market capitalization is made possible by the present Bitcoin network hash rate, surpassing its current worth of $1.6 trillion. Because it matches its operational power, the price of cryptocurrencies has the potential to triple in value, according to the forecast. To reach the $5 trillion market value aim, Bitcoin’s market capitalization would need to rise by more than 200%, although past price growth suggests that this goal is still attainable.
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