Since 2015, Bitcoin's hashrate and price (up to $100,000) have moved in tandem, with the hashrate recently reaching a new all-time high of 850 million TH/s.
Since January 2025 alone, the BTC hashrate has increased by 50%.
π΄π¨π³ What happened this morning in China?
China decided to retaliate against Trump's tariffs
The Asian giant imposed 34% tariffs on US products, suspended the export of agricultural products, and restricted exports of various types of rare earths key to vehicles and AI technologies, increasing tensions in the trade war. The measure, accompanied by a complaint to the WTO and the imposition of export controls on Apple and many other US companies, fueled fears of a recession and caused a sharp global drop in stock markets.