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29/09/25 09:40 UTC-04

Bitcoin Hashrate Reaches Record 1.2 ZH/s, Mining Competition Intensifies

 

The hashrate on the Bitcoin blockchain has once again climbed to a new all-time high of 1.2 zettahashes per second (ZH/s), before stabilizing near 1.039 ZH/s.

As is known, the Bitcoin network adjusts mining difficulty every 2,016 blocks, thereby ensuring a stable block generation rate.

During periods of sharp hashrate growth, mining difficulty rises, negatively impacting miner efficiency, since only operators with access to cheap electricity and advanced equipment can remain profitable.

The new record reflects the growing competition among Bitcoin miners, who are betting on the future rise of BTC and, apparently, see no signs of a “crypto winter.”

Data from CryptoQuant shows that the 72-hour funding rate (FR72h) has dropped into negative territory. Statistically, this is an early indicator that sellers are reducing activity, creating conditions for a potential price rebound.

Possibly as a result, the price of Bitcoin has moved above the upper trendline, supported by an RSI of 66.79 and a Chaikin Money Flow of 0.11, confirming positive capital inflows.

The nearest resistance is located in the $114,000–$116,000 range, with potential expansion to $120,000 if momentum continues. However, if Bitcoin fails to hold above the breakout zone ($112,000), it could retreat to $110,000 and even test support at $108,000.

See also: "Bitcoin mining difficulty reaches new all-time high"

#Bitcoin (BTC) #Mining

Editor: Yulia Krasnaya
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