Bitcoin Hashrate Continues To Hit New ATH Despite Uncertain Market

On-chain data shows the 7-day Bitcoin mining hashrate has continued to hit new all-time highs despite the FUD going around in the market.

According to data from the on-chain analytics firm Glassnode, the 7-day hashrate has now hit a new ATH of 381 EH/s. The “mining hashrate” is an indicator that measures the total amount of computing power connected to the Bitcoin blockchain by the miners.

When the value of this metric rises, it means that the miners are bringing in more machines online on the network at the moment. Such a trend may be a sign that miners are currently finding it attractive to mine on the blockchain.

On the other hand, low values of the indicator imply some miners are possibly leaving the chain right …