- In June 2025, Bitcoin’s hashrate exceeded 800 EH/s, breaking the highest record the network had ever seen.
- The price of Bitcoin went up 1.7%, settling at $104,947 within a small price range from support at $103,193 to resistance at $105,213.
- An increase in network activity suggests a boost in mining operations and a better deployment of infrastructure worldwide.
Bitcoin’s network hashrate has set all-time records, exceeding the 800 EH/s mark in early June 2025. The rise represents an all-time high level of security and miner participation in the network. According to updated numbers, the hashrate surged sharply over recent weeks with no signs of reversals.
The rate reflects progress in improving efficiency at mines and growing mining operations across the world. The chart reveals a big spike in prices above mid-2023, lasting all the way to 2025. Although hashrate increases have been seen in cycles before, this one is the strongest yet.
Bitcoin Hashrate Growth Hits Unprecedented Speed
In early 2021, the Bitcoin hashrate was less than 200 EH/s, but it rose to more than 400 EH/s by late 2023. But since late 2024, prices have increased more than twice. Miners are using improved ASIC hardware which has added to the increase. New entrants and mining farms are also expanding operations, especially in energy-rich regions.
Notably, the most recent stretch has shifted from orange to red on the heatmap, reflecting extreme growth momentum. While the trend has been upward for years, the current growth rate is unusually steep.
Market Price Edges Up Amid Rising Network Strength
With the network growing, the market price of Bitcoin has steadily risen. At this moment, BTC is being traded for $104,947. Over the last 24 hours, this has grown by 1.7%. Despite some changes, the price stays above the critical support of $103,193. At the same time, selling pressure may occur at around $105,213. With the price nearing this threshold, traders are watching closely for potential breakouts. However, recent market movement has remained measured and within technical boundaries.
Technical Levels Suggest Ongoing Price Stability
Currently, Bitcoin maintains its position above the short-term support line of $103,193. This level has held firm despite broader volatility. The price range between support and resistance remains narrow, indicating relatively stable conditions. While trading volume data was not disclosed, price behavior suggests balanced activity between buyers and sellers.
The 1.0000 BTC valuation remains unchanged, indicating steady parity in unit pricing. As market participants monitor hashrate trends, technical indicators continue providing structure for price action. Bitcoin’s current market setup reflects both growing network strength and cautious trading dynamics.
