Despite Bitcoin’s valuation dropping, the hashrate surged to a historic high of nearly 1 ZH/s as of April 8, 2025. However, the hashprice fell to 40 USD per PH/s and mining difficulty increased by 6.81%, straining miner profits.
Analyst Arthur Hayes predicts that the devaluation of the Chinese yuan could trigger greater demand for Bitcoin, connecting macroeconomic factors with potential market movements. With transaction fees low and miner rewards shrinking, his insights imply a significant shift in capital towards Bitcoin.
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