- Bitcoin hashrate surged 9.91% in a day, hitting 913 EH/s amid rising miner confidence.
- BTC trades below $94.6K as BlackRock and Morgan Stanley buy over 27K BTC.
- ETF inflows top $4B in 8 days; analysts eye $200K BTC by 2025, $1M by 2028.
The Bitcoin hashrate experienced a 10% rise in a single day which shows increased mining activity. Bitinfocharts reports a 9.91% surge in Bitcoin hashrate which reached 913 EH/s thereby validating market forecasts for network robustness. Miners demonstrate increasing confidence while Bitcoin maintains its price below significant resistance thresholds.
Rising Hashrate Reflects Expanding Mining Activity
Higher miner participation directly results in increased hashrate levels. During the last three days, the network’s hashrate experienced an increase of more than 23%. The significant increase in hashrate reveals expanded mining operations across the industry despite earlier doubts about profitability after the latest halving event.
The hashrate figures have shown stability above 700 EH/s across the last quarter. The network’s security has reached a new milestone because of the recent increase beyond 900 EH/s. The blockchain has demonstrated its robustness because historical data shows brief surges approaching 1,000 EH/s.
Industry experts observe miners expanding their operations because they are gaining confidence in Bitcoin’s long-term adoption. The action shows that numerous operators accept immediate difficulties in maintaining network stability over time.
BTC Price Holds Steady Below $95K
Bitcoin remains below $94,600 in trading value while its hashrate maintains steady growth. Bitcoin has not yet returned to its highest recorded value of $109,100 achieved earlier this year. Despite recent pressure from global macroeconomic developments, the price has shown resilience due to institutional support.
Several major institutions have played a role in boosting market sentiment. BlackRock reportedly acquired 12,490 BTC within two days, while Morgan Stanley purchased 15,355 BTC in the same period. Moreover, ETF inflows totaling over $4 billion within just eight days reflect growing mainstream acceptance.
Arizona’s decision to allocate 10% of state reserves to Bitcoin has also drawn attention. Alongside that, the restricted supply—only 450 BTC mined daily—has created a tightening effect, contributing to rising demand and hashrate activity.
Analysts Expect Bullish Momentum
Despite the price hovering below $95,000, analysts believe a strong upward move is likely. Bitcoin encounters a modest resistance point around $95,000 while approaching the psychological barrier at $100,000. According to market experts, a breakthrough past $95,000 and $100,000 may spark a fresh rally in Bitcoin.
Technical projections remain positive. Analysts including Dave the Wave forecast Bitcoin to reach $200,000 by the end of 2025. In a separate estimate, BitMEX co-founder Arthur Hayes predicts a potential target of $1 million by 2028.
The growing hashrate, combined with institutional interest and constrained supply, continues to provide a favorable backdrop for Bitcoin’s long-term trajectory.
