Bitcoin (BTC) Hashrate Out of the Park, Will Price Follow?

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Bitcoin (BTC) mining seems unstoppable, with daily growth once again setting new records. Based on different statistics, the Bitcoin network hashrate is between 95EH/s and 98 EH/s, possibly surpassing 100 EH/s.The hashrate growth looks like it has gone parabolic in 2019, following a slump at the end of 2018. Traders noted that even at $10,000 prices, the hashrate was nearly 20 times more active compared to the absolute price peak for BTC at $19,600.Difficulty growth has accelerated, and the current mining records are happening under conditions that are less favorable to block discovery. But it seems mining pools are accelerating the fight for some of the last blocks yielding 12.5 BTC rewards.The latest difficulty adjustment made it about 5% harder to discover a block. However, pools may have added matching hashrate to offset the increased hashrate. Currently, new shipments of ASIC are still happening, offering significant improvements in hashrate.BTC currently…

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